Carnival Corp. CEO Josh Weinstein is practically throwing confetti from the upper deck about 2025's prospects. For now, all the numbers and forecasts seem to support his optimism.
If your customers are leaving your ships to go spend money on beaches, you should own the beaches. That's the apparent logic of cruise line operators like Royal Caribbean in building private destinations. It's like vertical integration for vacations.
Carnival's North America market continues to be a star performer, and Europe is doing very well. Still, that won't be enough to return Carnival to full health post-pandemic. It needs to speed up growth in Asia and Australia.
This lawsuit against major cruise lines, if upheld after inevitable appeals, could open up a floodgate of litigation against airlines and cruise lines that operated in Cuba after the Obama administration cleared the way.