Key Takeaways CCL is roughly two-thirds booked for 2026, at historically higher prices across regions.Q4 customer deposits at CCL rose 7% year over year, boosting visibility and cash flow.Strong close-in demand and rising onboard spending likely support Carnival's yield growth.Carnival Corporation & plc (CCL) exited fiscal 2025 with unusually strong forward booking visibility, a key signal of demand resilience as macro uncertainty continues to weigh on discretionary spending. Management disclosed that the c ...