Cost ManagementNet cruise costs, excluding fuel, are rising at a reported rate of +4.0%, which is below market expectations.
Earnings GuidanceThe guidance for the fourth quarter is slightly below expectations due to lower yields and higher costs.
Financial Performance4Q24 EPS guidance of $1.40-1.45 missed the $1.60 estimate and consensus at $1.58 due to a $0.14 negative impact from Hurricane Milton and higher stock-based compensation.