2025 Q1 Breakdown Highlights: Carnival Royal Norwegian
All Numbers are Q1 (GAAP)      
    
Net Income Q1 2025
($78 Million)
$730 Million
($40) Million
Net Income Q1 2024
($214 Million)
$360 Million
$17 Million
 
Net Income Per Passenger Day Q1 2025
($3.21)
$53.02
($6.96)
Net Income Per Passenger Day Q1 2024
($9.12)
$27.38
$2.84
 
Operating Income Per Passenger Day Q1 2025
$22.34
$69.29
$34.72
Operating Income Per Passenger Day Q1 2024
$11.76
$57.04
$35.73
 
Total Revenue Q1 2025
$5.8 Billion
$4.0 Billion
$2.1 Billion
Total Revenue Q1 2024
$5.4 Billion
$3.7 Billion
$2.2 Billion
 
Gross Revenue Per Passenger Day Q1 2025
$239.02
$290.45
$367.63
Ticket
$157.64
$199.30
$245.14
Onboard
$81.37
$91.15
$122.49
 
Gross Revenue Per Passenger Day Q1 2024
$230.48
$283.50
$358.49
Ticket
$154.18
$193.31
$238.83
Onboard
$76.30
$90.19
$119.66
 
Net Revenue Per Passenger Day Q1 2025
$179.41
$238.01
$275.32
Ticket
$122.68
$161.38
$176.83
Onboard
$56.73
$76.63
$98.49
 
Net Revenue Per Passenger Day Q1 2024

$172.08

$230.96
$265.52
Ticket
$119.27
$155.44
$167.49
Onboard
$52.86
$75.51
$98.06
 
Fuel Cost Performance Year-over-Year
($40 Million
($27 Million)
($23 Million)
       
Food Cost Performance Year-over-Year
+$8 Million
+$18 Million
($9 Million)
 
Total Op Cost Per Passenger Day Q1 2025
$216.72
$221.16
$332.91
Total Op Cost Per Passenger Day Q1 2024
$218.71
$226.47
$322.76