$CCL (Carnival Corporation & plc) — investor discussion on X

$CCL passed the operating test. The interesting part is that EPS didn't actually grow. Q3: - Constant currency net yields: +2.4% - Ex-fuel costs: +1.8% - Adjusted EPS: $1.43, flat YoY Carnival improved the operating picture, but higher fuel costs absorbed the benefit. Management

$CCL just posted record Q3 revenue and ~$2B to the bottom line. Yields grew ~2.5%, beating guidance on strong close-in demand. The balance sheet is getting repaired: total debt is now below $24B. Fuel consumption is down 26% vs. 2019. 2027 bookings are already half filled, lockin

*A lot* happened in the market this month, and AI and the Fed dominated conversations. What didn't get enough attention in September? 🤔 @juleshyman: $MRNA @KevinKellyIntel: Biotech @lizrhoffman: All things space @ChristineLShort: $CCL and the $$ being spent on cruises @turneyduff

$NCLH can't borrow Carnival's beat. That's the problem with the cruise recovery story. Norwegian's last reported quarter showed: - Revenue: +4.9% - Constant currency yield: -2.6% - Adjusted EBITDA: -4.1% to $666M - Net debt / LTM EBITDA: 5.3x So more revenue didn't translate into