Carnival Corporation & plc

Carnival Corporation & plc is expected to take the biggest hit to its 2026 profit due to rising oil prices, as it is the only major U.S. cruise line that does not hedge fuel. A 10% increase in fuel cost could reduce its 2026 net income by $145 million. Its fuel costs were 17.7% of its total revenue in 2022, higher than its peers.

Carnival Corporation & plc is one of the cruise lines being sued by Havana Docks Corporation for using confiscated property. A federal judge initially found them liable for a combined $440 million, though an appeals court later threw out those judgments.

Carnival Corporation & plc, the parent company of Carnival Corporation===Carnival Cruise Line, stated its disagreement with the verdict and intends to pursue a new trial and appeal, indicating potential ongoing legal costs and reputational risk.

Carnival Corporation & plc slid by 8% as travel stocks were broadly weaker due to fears of regional instability and its impact on travel.

Carnival Corporation & plc, a cruise-ship operator, saw its shares fall significantly due to its heavy reliance on fuel costs, which are rising because of the Iran war.