Carnival Corp Q1 2026 Results: $2.5B Buyback and 85% Booking Rate

Carnival Corp (NYSE:CCL) reported strong first quarter 2026 results, maintaining an 85% booking rate for the year. The company announced a new $2.5 billion share repurchase program and boosted its fiscal 2026 yield outlook by 25 basis points to 2.75%. Analysts from Bank of America noted the company aims for over 50% earnings-per-share growth through 2029, while UBS projected approximately $7 billion in EBITDA for fiscal 2026. However, rising fuel costs present near-term earnings volatility, with an estimated additional $500 million in fuel expenses for the year.