Carnival Corp raised its annual profit forecast for the third time on Monday and beat market expectations for third-quarter results, helped by strength in demand for cruise vacations as well as easing costs of operations.

Carnival (NYSE:CCL) reported that Q3 revenue rose to an all-time high for the quarter of $7.9 billion. Carnival (CCL) also saw record net yields in constant currency. Gross margin yields increased by 19% year-over-year and net yields exceeded 2023 levels by 8.

Carnival Corp raised its annual profit forecast for the third time on Monday, helped by strength in demand for cruise vacations during the summer as well as easing costs of operations. The summer invites increased interest in vacations at sea,