Carnival (CCL) Q2 FY25 earnings call

Carnival delivered exceptional Q2 FY25 results, achieving record revenues and yields, and surpassing its 2026 EBITDA per ALBD, ROIC, and carbon intensity targets 18 months early. The company raised full-year guidance, driven by strong close-in demand and operational efficiency, despite geopolitical volatility. Strategic investments in private destinations and fleet enhancements are expected to drive future growth, while a new loyalty program aims to boost customer engagement.