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Carnival Corporation & plc. (NYSE: CCL ) on Monday reported a narrower net loss for the first quarter of 2023 as the shipping company’s revenue more than doubled.
Revenue more than doubled to $4.43 billion in the February quarter, helped by strong growth in both operating segments. Occupancy increased significantly to an impressive 91%.
As a result, net loss narrowed to $693 million or $0.55 per share in the first quarter from $1.89 billion or $1.66 per share in the corresponding 2022 period.
“We enjoyed a phenomenal wave season, achieving the highest monthly order volume and breaking records in North America and Europe. The strong performance has been extended until March and we expect this good trend to continue based on the success of our efforts to drive demand,” said the executive chairman Carnival Josh Weinstein.
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