Cruises ran into hurdles during the peak of COVID-19, facing low numbers of people traveling and seeing tough pandemic-related restrictions.
Carnival said the "wave season" time frame for booking cruises "has continued to return to historical patterns." Its
brand footprint totals nine, including Carnival Cruise Line, Princess, Holland America Line and AIDA Cruises, according to its website.Colleen McDaniel, editor in chief of the cruise news and review site Cruise Critic, joins FOX Weather with more on how cruise ships have become retirement homes. For the first-quarter of 2023, Carnival posted total revenues of $4.42 billion, a figure that represented 95% "of 2019 levels" and marked a 173% rise from the same period in the prior year. It included $2.87 billion from passenger ticketing. In comparison, the company’s first-quarter revenue in 2022 was $1.62 billion.The company’s first-quarter net loss, meanwhile, shrank to $693 million.
Carnival’s occupancy level hit 91%, equating to a 7% quarter-over-quarter increase. That rise was attributed to higher capacity by the company.
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