Carnival's second-quarter revenues more than doubled to $4.9bn, an all time high. The main driver was ticket sales, but onboard and other revenues also grew strongly.
Underlying cash profits (EBITDA) of $681m was at the higher end of previous guidance, but at the bottom line, Carnival remained in loss-making territory. One contributor to the losses was the increase in interest expenses from $358m to $522m.
Underlying free cash flow was $625m compared to an outflow of $487m. Net debt was $29.2bn, a reduction of £1.3bn since the year-end.
Looking ahead to the full-year underlying EBITDA guidance now stands at between $4.10bn to $4.25bn, a midpoint increase of $175m. The company noted a continued acceleration of demand. But Carnival also guided higher on cruise costs due to factors including a slower expected ramp down in inflationary pressures than previously estimated.
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