Carnival, Royal Caribbean and Norwegian Cruise Line Holdings posted strong quarterly earnings despite rising fuel prices. Brent crude reached a six-month high of $116.72 per barrel after the U.S.-Israel war with Iran began on Feb. 28. Royal Caribbean and Norwegian use derivatives to hedge fuel costs, while Carnival CEO Josh Weinstein says cutting consumption is the best way to control costs; the company says its unit fuel consumption fell 26% since 2019, saving an estimated $700 million in 2026. Royal Caribbean is a little over 60% hedged for 2026 and Norwegian about 48%. Jefferies analyst David Katz said hedging helps manage fuel costs and reduce stock volatility, though it is more expensive over the long term.
Summary written by Upside AI from the original article. Read the source for full details.
Keywords
Open a keyword to see other news on the same topic.
Related news
- Luxury round-the-world cruise ends abruptly as fuel costs skyrocket
The luxury Villa Vie Odyssey, which carries up to 650 passengers and has rooms costing up to $11,000 a month, abruptly halted its round-the-world voyage, stranding passengers in Cambodia while passengers and crew are disembarked. Operator Villa Vie Residences said in a Tuesday statement that extraordinary increases in fuel costs require it to restructure and recapitalize over the next 60 days, adding that no outcome is assured. The company said monthly fuel costs per cabin rose from $1,800 to as much as $8,000 in parts of Asia, a 344% increase according to CNBC's calculations. Despite slowing the itinerary and spending more time in port since the Iran war began on Feb. 28, these measures have not been enough to offset the cost increase, which the company said it cannot simply pass on to residents.
- Cruise ship suddenly halts operations as fuel prices soar, 650 passengers stranded in Cambodia
The luxury cruise ship Odyssey (capacity 650 passengers) is docked at Sihanoukville port in Cambodia after operator Villa Vie Residences suspended operations due to fuel costs that have risen over 300% since the US, Israel and Iran war began. Fuel cost per cabin rose from about USD 1,800 to USD 8,000. The company says it will cover accommodation and travel costs but has not provided funds for passengers to leave Cambodia, and is assessing restructuring and fundraising options over the next 60 days. Very low-sulfur fuel oil was about USD 960 per tonne on 27/10, down from wartime peaks but well above the level of just over USD 500 before the war. Rising fuel costs were also one of the causes behind the collapse of Spirit Airlines earlier this year.
- As Trump touts energy companies’ fortunes, U.S. consumers face the most expensive year for gas prices ever
President Donald Trump keeps touting the profits U.S. energy companies have made during the Iran war. He is doing so while campaigning across the country for Republican candidates ahead of next week’s midterm elections.
- Iran News in Brief – October 25 , 2026
The Iran News in Brief digest reports that PMOI/MEK resistance units held weekly activities in Zahedan on October 23, 2026, displaying placards that rejected both clerical rule and a return of the monarchy. It also reports that Seyed Aqil Hashemi, founder of Kalemeh Network, said in an October 8, 2026 statement that pressure to promote Reza Pahlavi led to a human rights program on executions being blocked, and he named Abdol Fattah Khedmati. Following remarks by President Masoud Pezeshkian on fuel smuggling, oil and energy expert Hassan Moradi argued that routes used to transport petroleum products also need close surveillance, not just violations at fuel stations. On inflation, the overall rate for September 2026 was 4.24%, compared with 6.28% for the first income decile and 7.52% for the tenth, showing that lower-income households bear a heavier burden.
- California Diesel Averages $8 . 242 as Tandon Blames Iran War
Republican congressional candidate Ritesh Tandon says President Donald Trump's Iran war has raised fuel costs, with California diesel averaging $8.242 per gallon in the week of Oct. 19 versus $6.276 nationally, per the EIA. He links higher diesel prices to rising merchandise prices and pressure on households living paycheck to paycheck. The BLS reported the all-items CPI rose 0.6% in September and 3.7% over 12 months (up from 3.4% in August), with gasoline supplying more than half the monthly gain as its index rose 9.1%; the release did not measure how much inflation came from the Iran war. The EIA said Brent went from $72 a barrel at the start of July to above $100 by July 23, and U.S. distillate inventories were 13% below their 2021–2025 average for the week ending Sept. 25. Tandon said that if elected he would seek to stop the war and control inflation.
- Oil crisis global short | Mail & Guardian
International Energy Agency (IEA) chief Fatih Birol warned in March that the world was about to face “the greatest global energy security threat in history,” and the global oil and refined fuel crisis is likely to continue into 2027. Crude oil prices passed US$100 this month, while diesel prices in the US and Europe passed US$200 a barrel; the IEA calculated that diesel exports from the Middle East in August fell to a quarter of pre-war volumes, and gas prices rose 160% since the US-Israel-Iran war. Fuel shortages are driving inflation, pushing central banks to raise interest rates, undermining economic growth, and stoking political unrest in many poor countries. The US is the world’s largest oil producer at about 13.6 million barrels per day, while the Middle East accounts for 31.5% of global crude and condensate output. The article says oil-import-dependent developing countries such as South Africa are the most threatened.
Related markets
Latest news
- Alphabet Stock Drops 12%. Can Its Dividend Survive the AI Spending Boom?
Alphabet shares fell roughly 12% to around $285 after free cash flow turned negative for a second straight quarter, reaching negative $9.07 billion in the third quarter. Capital expenditure rose 114.4% year over year to $51.36 billion, above operating cash flow of $42.29 billion, mostly for AI infrastructure. The company pays a $0.22 quarterly dividend, which took about 6.9% of operating cash flow in the second quarter ($2.689 billion), and it holds $56.33 billion in cash. The gap is being filled by $28.7 billion in net proceeds from senior notes and new shares sold through an at-the-market program, while buybacks dropped to zero in the second quarter and the program was suspended. The article judges the dividend not at major risk for now, and says the next annual dividend decision is the key signal to watch.
- US Gold Targets Debt-Funded $400M CK Gold Build as Financing Talks Advance
Executive Chairman Luke Norman of US Gold says the company is advancing financing talks for its fully permitted CK Gold Project in Wyoming, targeting a predominantly debt-funded construction package of less than 400 million USD while keeping about 25 million USD in treasury for corporate needs. The project has a reported reserve of about 1.6 million gold-equivalent ounces with an 11-year mine plan, and management aims to raise annual output toward about 100,000 ounces, with all-in sustaining costs estimated at 1,700 to 1,800 USD per ounce. Construction would take about 18 months after financing is finalized, and management would like a definitive agreement around January, though none has been announced. The company is also considering separating its Keystone exploration project in Nevada into a standalone structure.
- We're downgrading Alphabet after its rough quarter. Here's where we'd buy again
The S&P 500 and Nasdaq slipped on Thursday as post-earnings sell-offs hit technology stocks including Alphabet, ServiceNow and Fortinet. The CNBC Investing Club cut its Alphabet rating from 1 to 2 and lowered its price target to $350 from $400, but is keeping the position because of momentum in the Cloud business. The club said it would reassess if the price-to-earnings multiple falls from about 19x to the 17x-18x range and AI Mode monetization improves.
- Alphabet's Cloud Business Just Doubled. The Stock Fell 12%. Is it a Buy?
Alphabet reported third-quarter results after the close on Wednesday, and the stock fell about 10% in after-hours trading as earnings and revenue missed estimates amid heavy AI spending. Most of the earnings hit was an unrealized $8.7 billion loss on equity securities, mainly tied to its SpaceX investment, which cut EPS by $0.55, while operating income rose 30% to $40.6 billion. Google Cloud revenue more than doubled to $30.7 billion at a margin of about 36%, and its backlog reached $561 billion, up from $514 billion three months earlier. Search revenue grew 12%, down from about 17% in the second quarter, while capex of $51.4 billion pushed free cash flow to negative $9.1 billion and spending is expected to rise significantly in 2027. The author says investors are not yet convinced of the return on this spending, but that the stock's 21x forward earnings multiple after the decline may merit a closer look for long-term investors.
- Is Lockheed Martin a Buy After Its Latest Earnings Report?
Lockheed Martin shares have risen nearly 15% since last week's third-quarter results and are up 29% year to date, versus a 12% gain for the S&P 500. The company reported a record backlog of $292 billion, up 63% over the past four quarters from $179 billion, and raised its 2026 free cash flow expectation from a midpoint of $6.65 billion to $7.9 billion. Missiles and Fire Control (MFC) grew sales 24% and contributed nearly 29% of operating profit despite under 22% of revenue, while a seven-year PAC-3 contract is worth $58.6 billion. The stock trades at nearly 23 times trailing P/E versus 18 times for Northrop Grumman, and the author notes the market already prices in much of the expected growth. The author views the company as a growth story for long-term exposure to the defense sector and suggests watching for sustained sales growth that drives higher profit margins.
- Why Marvell Stock Is Down Today
Marvell Technology shares fell 13.9% as of 2:44 p.m. ET on Thursday, October 29, after Bloomberg reported that the chipmaker is in advanced talks to acquire Lumentum, a maker of optical components for AI data centers. The report said an announcement could come as early as next week, though nothing has been finalized. Marvell has about $3.93 billion in cash and equivalents, and with Lumentum's $83 billion market cap, the deal is likely to be mostly stock, which would dilute existing shareholders. Marvell's optics acquisition last year was a smaller $3.5 billion deal that included $1 billion in cash. Meanwhile, Marvell's second-quarter revenue rose 37% to a record $2.74 billion.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.