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The Carnival Resurgence and the Global Travel Rebound
Carnival boosts profit outlook, reinstates dividend, and signals strong 2026 demand
What happened
Carnival ($CCL) beat Q4 earnings expectations, guided full-year adjusted EPS up to $2.48 (above consensus), and reinstated a $0.15 quarterly dividend for the 1st time since the pandemic. Shares jumped as much as 10.2% as the company pointed to strong booking momentum heading into the key “wave season” selling window.
Why the market cares
Pricing power is holding up: Carnival is leaning on higher ticket prices and resilient demand, particularly from higher-income travelers who are still spending…
The skinny
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