Carnival CEO: 'Major External Shocks' Hurt Carnival's F2Q Results -- Market Talk

Dow Jones06-24 01:55

1355 ET - Carnival is up against a tough macroeconomic backdrop, facing extreme geopolitical volatility, consumer sentiment at historically low levels and unusually high fuel prices, CEO Josh Weinstein says on a call with analysts. "While we are incredibly resilient to major external shocks, we are not immune," he adds. Weinstein notes that the recent quarter's results were hurt by near-term disruptions, such as a moderation in bookings across Europe, particularly in the Mediterranean region. "It was further exacerbated by elevated airfares and reduced international flight capacity for North American guests," he adds. Carnival drops 5.5%. (connor.hart@wsj.com)

(END) Dow Jones Newswires

June 23, 2026 13:55 ET (17:55 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment