Middle East War Hit Cruise Bookings, But Carnival Says They’ve ‘Turned a Corner’

Carnival Corporation posted record revenues for the second quarter but trimmed its net yield growth forecast, noting disruptions from the Middle East lingered longer than anticipated.

Forecast for 2026 net yield growth — a measure of daily revenue per passenger — slipped a full percentage point to 1.75% in part due to lowered expectations for European occupancies.

Carnival, the only major U.S. cruise line that does not hedge fuel, expects $1.35 in adjusted earnings pe