Carnival Raises Outlook Despite Uncertainty: Onboard Spending ‘Hasn’t Slowed Down’
Photo Credit: The landscape of Half Moon Cay near Little San Salvador Island in The Bahamas. Carnival Corp.
Skift Take
While airlines are nervously watching their bookings, cruise giant Carnival is upgrading its forecasts thanks to strong reservations and increases in on-board spending by guests.
Carnival Corp raised its outlook for the year on Friday amid broader concern about consumer spending.
"Good times and bad times, people take vacations," said CEO Joshua Weinstein when discussing quarterly results.
"The onboard spend that we've seen in the first couple of weeks of March hasn't slowed down," Weinstein said, addressing investor concerns about potential consumer weakness. "We do feel good about the strength of our consumer."
Why it Matters: Some U.S. airlines recently flagged softness in domestic basic economy and close-in bookings. There is fear that trade wars and
