Carnival Bookings Take Hit After Prices Stay Firm Through War -- Market Talk
Dow Jones06-24 02:29
1429 ET - Carnival's decision to hold firm on core pricing for its cruise line tickets is denting financial performance, Melius Research says in a note. Forward booking took a hit in March after the Iran war started, and the impacts continued into May, say analysts Conor Cunningham and Patrick Coleman. Lower occupancy on European cruises due to the war is expected to create a 14-cent headwind to EPS on the year, they say. Carnival's decision not to lower prices is "a pretty material change" to its strategy, which once prioritized occupancy over pricing. Carnival drops 5.7%. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
June 23, 2026 14:29 ET (18:29 GMT)
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