Solid pricing at Carnival leads to improving 2018 profits, bolstered by strong brand equity.
Narrow-moat Carnival delivered solid first-quarter results in its seasonally smallest quarter (representing just over 10% of expected earnings for 2018) as demand remains strong for the cruise product, with cumulative advance booking for the remainder of the year in line with prior year levels (despite being hindered by the conversion of China bookings to group from charter) at higher prices. While worries about demand in the eastern Caribbean have generated concern after the aggressive 2017 hur...
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