Revenue of Carnival Corporation & plc worldwide 2008-2022, by segment

The global revenue of Carnival Corporation & plc rose significantly in 2022 compared to the first two years of the coronavirus (COVID-19) pandemic. Despite the sharp annual increase, the company's earnings remained below pre-pandemic levels, totaling just above 12 billion U.S. dollars in 2022. That year, the revenue generated by passenger tickets amounted to around seven billion U.S. dollars, roughly half of the figure reported in 2019.

To what extent did COVID-19 impact Carnival Corporation & plc?

As the the revenue of the cruise company bounced back in 2022, so did the cruise operating costs of Carnival Corporation & plc that year. Overall, the company reported a net loss of over six billion U.S. dollars in 2022. This was approximately nine billion U.S. dollars less than the firm’s net income in 2019.

Global cruise line passengers

Ocean cruise passengers worldwide declined significantly as a result of the pandemic. For instance, travelers from North America, the largest source market for the global cruise industry in 2021, dropped by more than 13 million compared to 2019. Over the same period, popular cruise destinations such as the Caribbean, Bahamas, and Bermuda had roughly 10 million fewer guests from cruises due to the impact of the pandemic on travel and tourism.