Carnival Corporation plc delivered a standout Q3 2024 with record top-line performance and material operating leverage. Revenue of $7.896 billion, EBITDA of $2.825 billion, and net income of $1.735 billion underscored a demand environment that remains constructive across the portfolio, driven by high-margin same-ship yield growth and disciplined cost management. Management attributed the outperformance to close-in pricing, stronger onboard and ancillary spend, and cost savings achieved across the fleet, with cruise costs per available lower berth day (ALBD) improving versus prior year. The company also reaffirmed aggressive deleveraging and capacity discipline under its SEA Change program, targeting investment-grade metrics by the end of 2026 and describing a trajectory of revenue growth and leverage improvement supported by limited newbuild deliveries and a stronger balance sheet.