Carnival Gains From Strong Onboard Spending: A Yield Driver?

Key Takeaways Carnival reported strong onboard spending growth, driving 5.4% YoY yield gains in Q4 FY25.CCL cited strong close-in demand and higher ticket pricing as key contributors to yield improvement.Carnival expects 2.5%-3% normalized yield growth in FY26, supported by pricing and onboard trends.Carnival Corporation & plc (CCL) reported a notable acceleration in onboard spending in the fourth quarter of fiscal 2025, with higher onboard spending contributing to yield growth. The company cited “strong cl ...