Carnival earnings to focus on margins, fuel costs amid cruise travel boom

📆 29/09/2023 9:01 a. m.
📰 startelegram

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A surge in global oil prices, as well as higher labor and marketing costs, could eat further into profits for the world’s biggest cruise line operator.

shares moved higher in pre-market trading ahead of the cruise line operator's third quarter earnings expected before the opening bell.

The group's biggest input cost, however, is likely to pressure margins as the rise in global oil prices pushes Brent crude closer to the $100 mark while U.S. WTI crude tests the highest levels since November of last year.

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