Carnival

The Ruby Princess recorded a norovirus outbreak during a 20-day San Francisco round trip, with 102 of 3,032 passengers and 23 of 1,144 crew reporting illness characterized mainly by diarrhea and vomiting. Princess Cruises implemented enhanced sanitation, isolated sick individuals and collected samples for testing, and says cases have since decreased before the ship's next departure. The incident follows other recent cruise-ship stomach virus outbreaks and comes two months after a separate hantavirus outbreak affecting a different vessel. » More on forbes.com

Carnival reported its sixth consecutive EPS beat and twelfth straight quarter of record net yields, with revenue up 5.3%, customer deposits at a record $9.0 billion and the fleet 93% booked for 2026. The company is reducing a $24.9 billion debt load, reinstated a dividend and authorized a $2.5 billion buyback, while relying on pricing and new offerings rather than discounts. Royal Caribbean also beat estimates, grew revenue and margins and maintains a premium valuation supported by a diversified brand ecosystem and substantial buybacks, but faces exposure to services inflation despite 59% fuel hedging. The main risk hinge is sticky inflation and energy prices, with Carnival's 2027 booking curve seen as the key variable that could validate its stronger risk-reward profile. » More on finance.yahoo.com

Carnival reported record Q2 revenue, yields and EBITDA, beating March guidance by $100 million driven by strong close-in demand and higher onboard spending. Management cut full-year yield growth guidance by about 1 percentage point to ~2.25% due to prolonged Middle East conflict that disrupted Mediterranean deployments and raised airfares for North American guests. Company highlighted structural cost savings, improved net debt/EBITDA to 3.1x, $9 billion in customer deposits, a $2.5 billion buyback program, and completion of DLC unification while maintaining a disciplined fleet modernization and delivery cadence. » More on finance.yahoo.com