By Jacob Passy
A disappointing quarter for Carnival had ripple effects for other cruise lines.
Carnival shares fell around 6% after the company's revenue came in below Wall Street's expectations. The company also lowered its guidance for full-year Ebitda. The Iran War has weighed on booking activity, particularly for Mediterranean cruises, and drove higher fuel costs.
"People can't normalize if they can't figure out how to plan their future," Carnival Chief Executive Josh Weinstein said during an analyst call Tuesday.
Investors also sold off shares in Carnival's rivals. Royal Caribbean was down about 1%, paring back earlier losses when Carnival released its earnings report. Shares of Norwegian Cruise Line and Viking were down slightly in recent trading.
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(END) Dow Jones Newswires
June 23, 2026 11:52 ET (15:52 GMT)
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