NEW YORK, Feb 2, 2026, 4:32 PM EST — After-hours
- Carnival shares jumped Monday and stayed close to their intraday peak after hours.
- Travel and leisure stocks gained as crude oil prices plunged sharply.
- Investors are watching for wave season booking trends alongside the upcoming crucial dates on Carnival’s calendar.
Carnival Corp shares climbed 8.1% to close at $32.45 on Monday, after fluctuating between $29.75 and $32.67 throughout the session. Trading volume topped 30 million shares.
Energy gave the market a push. Oil prices dropped more than $3 a barrel after Donald Trump said Iran was “seriously talking” with Washington, a move traders saw as easing tensions with the OPEC nation. Brent closed down 4.4% at $66.30 a barrel, while U.S. crude slid 4.7% to $62.14. Phillip Nova analyst Priyanka Sachdeva noted that the threats in January had helped keep prices somewhat supported. (Reuters)
This hits cruise operators hard since fuel costs are volatile and hefty. If bunker prices drop and hold steady, traders tend to overlook other issues.
Demand is the other factor. Initial reports from Wave season—the January-to-March stretch when cruise lines launch promotions—show bookings and pricing edging past last year’s levels at the outset. (Seeking Alpha)
Rivals followed suit. Royal Caribbean Group climbed 2.9%, while Norwegian Cruise Line Holdings Ltd jumped 7.6% on the day.
Carnival, based in Miami, stands out as a high-beta play on consumer travel and pricing strength. When sentiment turns positive, its shares can surge sharply; but if oil prices spike or demand falters, the stock often takes a steep dive.
In December, the company brought back its dividend after pausing it during the pandemic, announcing an initial payout of 15 cents per share with a record date set for Feb. 13. It also revealed plans to merge its dual-listed entities into one, exclusively listed on the New York Stock Exchange, citing strong booking momentum as Wave season approaches. (Reuters)
The outlook isn’t straightforward. Oil prices can spike suddenly due to geopolitical tensions, and Wave season deals might boost volume but also pressure prices if discounts increase. Cruise stocks would react swiftly if discretionary spending takes a significant hit.
Next on deck: traders will be watching if the oil price drop holds and if booking updates remain solid as Wave season continues. Carnival is set to release its next earnings report on March 20, per Investing.com. (Investing)
