News about Josh Weinstein

In the first three months of this year, Carnival's bookings hit an all-time high, while revenues soared 22% to a record £6.3 billion, with profits touching £690 million. The number of first-time cruisers increased by 30%. Carnival hopes for 2024 will be more than 30% higher than last year, with demand outpacing ever. 'This has been an amazing start to the year,' Managing Chief Executive Josh Weinstein said.'

As many companies harmed cash in the form of upkeep expenses, travel restrictions have effectively put the industry into disarray. However, cruise companies, who were once the poster child of the industry's pandemic disasters, are now roaring and ready for a historic year as passengers return.

Carnival, which operates the Queen Mary 2, Queen Elizabeth, and Queen Victoria, has cashed in on demand for post-pandemic travel. Despite the fact that the cost of living squeeze is still pinching families, Carnival said that customers are returning to cruise ships again.

P&O Cruises and Cunard, which operates the Queen Mary 2 and Queen Victoria cruise lines, reported record second-quarter sales of £3.9 billion.

Carnival Corp, a cruise company, saw its stock plummet today after announcing plans to raise $1 billion with convertible senior notes. Carnival's shares fell 13.06 percent or 110.20p to 733.60p this morning, the lowest level in nearly half in the last year. The convertible notes, which are part of the company's refinance program, will be paid interest on 1 June and 1 December of each year, starting on 1 June 2023 at a rate of 5.75 percent per year.