The cruise line company, Carnival Corp. & plc (CCL), on Tuesday updated the public on its full-year 2024 earnings projections owing to a reroute via the Red Sea and provided an update regarding its outstanding debts.
The company projects the Red Sea rerouting to affect its adjusted earnings per share for the year 2024 by $0.07 to $0.08, primarily during the second quarter.
Along with this, Carnival Corp. has also taken steps to resolve its outstanding lien debt by redeeming a significant value of second-priority senior secured notes due in 2027. The value outstanding stood at $571 million, issued at a rate of 9.875 percent.
At the moment, Carnival's stock is showing a positive trend by going up 0.90 percent, currently priced at $16.69 on the New York Stock Exchange.
