Carnival's Yield Momentum Builds: Can Pricing Strength Stay Afloat?

Key Takeaways Carnival's Q3 net yields rose 4.6%, exceeding guidance despite 2.5% lower capacity year over year.Record pricing and onboard spend fueled $2B in quarterly profit and 13% ROIC.Half of 2026 bookings are locked in at higher prices, reinforcing CCL's yield-driven growth path.Carnival Corporation & plc (CCL) is capitalizing on robust demand and disciplined pricing execution to deliver record financial performance. In the third quarter of fiscal 2025, the cruise operator reported a 4.6% year-over-ye ...