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Carnival Corp Shares Gain After Reporting Record Cyber Monday

Sam Boughedda trader
Updated 30 Nov 2022

Carnival Corporation's (LON: CCL) (NYSE: CCL) US-listed stock gained Tuesday, while its London-listed shares are up in early Wednesday trading after the company reported a record Cyber Monday that outpaced 2019.


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The cruise line company said it got a “jumpstart on what it hopes will be a busy 2023 cruise season” as record Cyber Monday bookings were 50% above the volume for Cyber Monday in 2019.

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YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY

Carnival's US-listed shares closed Tuesday's session at +4.6%, with its London stock currently at +3.5%.

24 of Carnival's ships are in guest operation, while 26 ships are open for sale, some already into 2025, with the pending arrival of the company's Venezia and Jubilee ships, the company stated.

“The Cyber Monday sale activity showed consumer demand across the fleet, and we were particularly pleased with the booking activity for Carnival Venezia's new year-round service from New York, and our new extended six-month program for Carnival Magic out of Norfolk,” said Christine Duffy, president of Carnival Cruise Line. “Our very successful naming ceremony for Carnival Celebration on November 20 and all the media coverage it generated clearly kept Carnival top of mind as vacationers got started on their holiday shopping yesterday.”

Carnival explained that pent-up demand for cruising this year, following the pandemic, has “manifested in multiple ways in 2022,” with Carnival the first major cruise line to have its entire fleet back in operation.


YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY.


Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.Â