CEO Josh Weinstein josh just a stellar quarter revenue coming in at $6.33 billion quarterly margins hitting a 20-year high all as we face the tariff question the consumer question the worries about the Middle East that had started brewing last quarter so give me a sense of what it is that you feel has kept people coming to Carnival uh hi Liz nice to uh nice to be on with you you know I I think what what people come back for is the fact that we deliver happiness i mean at the end of the day um we deliver happiness to about 13 million people
on an annual basis and we have a portfolio of world wordless cruise lines that really cater to the wants and needs of very specific segments and and target markets uh and we’ve got teams that really just know how to deliver and and that’s what you see and on top of that you know there is a lot of volatility in the world and there is a lot of uncertainty but but one certainty is that people have vacations and when you have a vacation you take one and the fact is cruising is such a ridiculous value for the experience that we give and everything we offer it is just stupid how much we charge versus how much land-based alternatives charge and so in times of uncertainty we’re we’re all the more important to make people feel
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comfortable that they’re stretching their dollar as far as it can go uh for their vacations okay I I get it at times of uncertainty and things do look a lot better at this hour between Iran and Israel let’s hope I mean it is a very very delicate situation and the ceasefire could be holding together with a gossamer thread as my mom used to say but the US State Department has issued today a worldwide caution for US travelers and so the question becomes even though you don’t really do business in the Red Sea
or or in the Gulf and you’re not you don’t have a lot of operations there when they issue a worldwide issue uh you know warning like that are you seeing any response from your bookings you know at least in the last 24 hours because I know you guys can see it moment by moment yeah honestly there’s there’s nothing discernible that that we’ve seen in the booking trends as a result of the last couple of weeks now obviously if something gets issued today I can’t I can’t speak to that i mean I wish we were that good on the data but but but really we need we need a little while to to uh internalize and figure out what the what the data is telling us but what I would say is we do take these things incredibly
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seriously safety is our our first uh second third priorities that we have to uh to focus on to be able to to have the freedom to operate around the world we have very robust processes in place communications with governments all over the world and and we take action as we as we see fit to make sure that our our crew our guests uh are safe uh and and thus far people um people are responding well well they definitely believe that i mean and as you
look when you’ve got about 90 plus ships in your global fleet 800 ports and destinations the cruise line industry Josh is saying that we will see a record 37. 7 million people take a cruise this year that’s up 9% over last year and then AAA is forecasting 19 million Americans will go on an ocean cruise this year I know where you are seeing the destination demand most you know it’s probably a flip of where aren’t we seeing the demand um we’ve got we’ve got folks that are looking to get to Alaska looking to get to Europe obviously we’re we’re we’re we’re the headquarters of the Caribbean uh when it comes to uh to
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cruise offerings so so people are looking again for those vacations and and we feel um we have products we have brands that can really fit and satisfy different needs for different guests on different brands and so um that’s a strategy and it seems to be working very very well i I can’t tell you as I’m sitting here interviewing you I’m feeling almost a lighter heart because we’ve had such intense news flow over the past let’s call it 72 hours and to be talking about this kind of thing is so nice because you know we have a business
audience that’s very interested in looking at how a stock performs with management like yours which and when you took over let’s be honest it wasn’t easy there were a lot of things that needed to be fixed and now next month you’re actually about to have a grand opening of Celebration Key this is an entire island that is built specifically by Carnival in the Bahamas tell me about this i know we’ve got some video what are you expecting as far as
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addition to your revenue from this well we are ecstatic about Celebration Key now to be fair it’s on Grand Bahama so it’s not like we’re we’ve built built our own island but we are certainly building a slice of heaven uh uh on on Grand Bahama and um we are incredibly excited i mean it is already one of the most searched out cruise destinations on Google and it doesn’t exist yet uh grand opening is next month we are talking about over
