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CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
May 31, 2024
May 31, 2023
May 31, 2024
May 31, 2023
Revenues        
Revenues $ 5,781 $ 4,911 $ 11,187 $ 9,343
Operating Expenses        
Commissions, transportation and other 732 619 1,552 1,274
Onboard and other 628 549 1,178 1,033
Payroll and related 614 601 1,237 1,183
Fuel 525 489 1,030 1,024
Food 360 325 706 636
Other operating 938 875 1,800 1,619
Cruise and tour operating expenses 3,798 3,457 7,502 6,768
Selling and administrative 789 736 1,603 1,448
Depreciation and amortization 634 597 1,247 1,179
Costs and expenses 5,221 4,791 10,352 9,394
Operating Income (Loss) 560 120 836 (52)
Nonoperating Income (Expense)        
Interest income 25 69 58 124
Interest expense, net of capitalized interest (450) (542) (921) (1,082)
Debt extinguishment and modification costs (33) (31) (66) (31)
Other income (expense), net (7) (17) (25) (47)
Nonoperating Income (Expense) (464) (522) (953) (1,036)
Income (Loss) Before Income Taxes 96 (402) (118) (1,087)
Income Tax Benefit (Expense), Net (5) (5) (5) (13)
Net Income (Loss) $ 92 $ (407) $ (123) $ (1,100)
Earnings Per Share        
Basic (in dollars per share) $ 0.07 $ (0.32) $ (0.10) $ (0.87)
Diluted (in dollars per share) $ 0.07 $ (0.32) $ (0.10) $ (0.87)
Passenger ticket        
Revenues        
Revenues $ 3,754 $ 3,141 $ 7,370 $ 6,011
Onboard and other        
Revenues        
Revenues $ 2,027 $ 1,770 $ 3,817 $ 3,332