Cruise lines face fuel cost surge as oil prices jump on Iran tensions [FOX Business Network]
Carnival Corporation (CCL)
Last carnival corporation earnings: 4/3 12:51 pm
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Source: FOX Business Network
Cruise lines are facing headwinds as rising oil prices push their fuel costs higher amid the Iran war, as analysts are warning that Carnival could see the biggest hit to its 2026 profit. Oil prices have risen over 35% since the war with Iran began amid attacks on oil and transportation facilities as well as threats to oil tankers and other vessels transiting through the Strait of Hormuz. The prices for West Texas Intermediate crude have risen above $90 a barrel in recent days, while Brent crude has been just above $100 a barrel in that timeframe. Those prices were between $60 and $70 a barrel a month ago before the conflict began. Cruise lines rely on heavy fuel oil and marine gas and typically try to hedge against volatility in oil prices through financial contracts, though Carnival Corp. is an exception to that practice. A 10% change in fuel cost per metric ton would reduce Carnival's 2026 net income by $156 million, compared with $57 million for its rival Royal Caribbean,
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News
- U.S. cruises sail into higher costs as oil prices rally; Carnival could be hardest hit [BNN Bloomberg (Canada)]BNN Bloomberg
- Carnival: Why I'm Doubling Down Despite Unhedged Fuel Risk [Seeking Alpha]Seeking Alpha
- Carnival Faces Oil Shock And Onboard Crackdown Testing Margins And Brand [Yahoo! Finance]Yahoo! Finance
- Carnival Faces Oil Shock And Onboard Crackdown Testing Margins And Brand In this article : How This Fits Into The Carnival Corporation & Narrative The Risks and Rewards Investors Should Consider What To Watch Going Forward [Yahoo! Finance Canada]Yahoo! Finance Canada
- Carnival (CCL) had its price target lowered by The Goldman Sachs Group, Inc. from $34.00 to $30.00. They now have a "buy" rating on the stock.MarketBeat
CCL
Earnings
- 12/19/25 - Beat
CCL
Sec Filings
- 3/2/26 - Form EFFECT
- 2/27/26 - Form 424B3
- 2/27/26 - Form DEFM14A
- CCL's page on the SEC website