Carnival CEO Comments on Middle East, Eyes Future Risks

Josh Weinstein, CEO of Carnival Corporation, opened the company’s Q2 2025 earnings call with remarks about the recent developments in the Middle East.

“The escalation of the past two weeks, culminating over the last few days, has been swift,” Weinstein said.

Although acknowledging the volatility, Weinstein noted that the events have not yet affected the business.

“While we certainly hope for a quick and peaceful resolution, it has not yet had any discernible impact on our business. This is all unfolding too quickly in real-time to try to project how it could impact our future business,” he added.

Weinstein emphasized that the company is closely watching the situation as it evolves.

“Like many others, we will actively monitor the situation over the coming days and weeks to evaluate its potential effects on our business and provide updates as needed,” he said.

He also expressed concern for those caught in the conflict, stating: “In the interim, our thoughts and prayers are for the safety of all innocent civilians and for the brave men and women of the U.S. Armed forces, who work tirelessly to protect the United States of America.”

Addressing possible itinerary disruptions, Weinstein explained that only a small number of ships could be affected.

“We really only have a couple of ships at the very end of this year and for the winter, a few months into 2026, that would potentially have their itineraries impacted, and that’s because they go and base themselves out of Dubai.”

He assured stakeholders that contingency plans are in place.

“We obviously have mitigation plans, and we’re looking at this, and we’ll make the right decision at the right time,” Weinstein added.