Beth Roberts
SVP, Investor Relations
Replay available
Carnival Corporation Ltd. Common Shares (NYSE: CCL) Q1 2026 earnings conference call, held 2026-03-27. Replay captured from the company's public earnings webcast.

SVP, Investor Relations
Chief Executive Officer
Chief Financial Officer
Analyst, UBS
Analyst, CFO
Analyst, J.P. Morgan
Analyst, BNP Paribas
Analyst, Barclays
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WEBVTT 00:00:00.031 -- 00:00:05.156 Greetings and welcome to the Carnival Corporation first quarter 2026 earnings 00:00:05.156 -- 00:00:09.860 conference call. At this time, all participants are on a listen-only mode. 00:00:09.860 -- 00:00:13.603 A brief question and answer session will follow the formal presentation. 00:00:13.603 -- 00:00:17.827 If anyone should require operator assistance during the conference, please press star 00:00:17.827 -- 00:00:22.752 zero on your telephone keypad. As a reminder, this conference is being recorded. 00:00:22.752 -- 00:00:27.776 It is now my pleasure to introduce your host, Beth Roberts, SVP, 00:00:27.776 -- 00:00:31.989 Investor Relations. Thank you, Beth. You may begin. 00:00:31.989 -- 00:00:37.456 Thank you. Good morning and welcome to our first quarter 2026 earnings conference call. 00:00:37.456 -- 00:00:42.924 I'm joined today by our CEO, Josh Weinstein, our CFO, David Bernstein, 00:00:42.924 -- 00:00:47.791 and our chair, Mickey Arison. Before we begin, please note that some of our remarks on 00:00:47.791 -- 00:00:53.118 this call will be forward-looking. Therefore, I will refer you to today's press release 00:00:53.118 -- 00:00:57.453 and our filings with the SEC for additional information on factors and risks That could 00:00:57.453 -- 00:01:01.198 cause actual results to differ from our expectations. 00:01:01.198 -- 00:01:05.403 We will be referencing certain non-GAAP financial measures, including yields, cruise 00:01:05.403 -- 00:01:10.490 costs without fuel, EBITDA, net income, ROIC, and related statistics for all, 00:01:10.490 -- 00:01:14.816 which are on a net basis or adjusted as defined, unless otherwise stated. 00:01:14.816 -- 00:01:19.522 A reconciliation to U.S. GAAP is included in our earnings press release an...