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Guidance history, every release

Carnival (CCL) · 8 releases, Dec 20, 2024 to Sep 29, 2026 · rows are metrics, columns are releases

Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing

Metric	Dec 20, 2024 FY24 Q4	Mar 21, 2025 FY25 Q1	Jun 24, 2025 FY25 Q2	Sep 29, 2025 FY25 Q3	Dec 19, 2025 FY25 Q4	Mar 27, 2026 FY26 Q1	Jun 23, 2026 FY26 Q2	Sep 29, 2026 FY26 Q3
For FY2033
Newbuild pipeline	—	—	New“eight ships”	—	—	—	—	—
For FY2030
AIDA Cruises newbuild orders	—	—	New“two newbuilds”	—	—	—	—	—
Food waste reduction goal	New“reduce food waste by 50 percent”	—	—	—	—	—	—	—
For FY2029
PROPEL adjusted EPS growth target	—	—	—	—	—	New“More than 50 percent adjusted EPS growth from 2025”	—	—
PROPEL net debt to adjusted EBITDA target	—	—	—	—	—	New“2.75x”	—	—
PROPEL cash from operations distributed to shareholders	—	—	—	—	—	New“More than 40 percent of cash from operations distributed to shareholders (approximately $14 billion)”	—	—
PROPEL greenhouse gas emissions rate reduction	—	—	—	—	—	New“more than 25 percent compared to 2019 levels”	—	—
PROPEL return on invested capital target	—	—	—	—	—	New“Greater than 16 percent”	—	—
Shareholder returns roadmap	—	—	—	—	—	New“approximately $14 billion”	—	—
For FY2026
1% change in adjusted cruise costs excluding fuel per ALBD (impact to adjusted net income (loss) in millions)	—	—	—	—	New“$114”	—	—	—
1% change in currency exchange rates (impact to adjusted net income (loss) in millions)	—	—	—	—	New“$5”	—	—	—
1% change in net yields (impact to adjusted net income (loss) in millions)	—	—	—	—	New“$204”	—	—	—
10% change in fuel cost per metric ton (excluding emission allowances) (impact to adjusted net income (loss) in millions)	—	—	—	—	New“$145”	—	—	—
100 basis point change in variable rate debt (impact to adjusted net income (loss) in millions)	—	—	—	—	New“$42”	—	—	—
Adjusted earnings per share - diluted	—	—	—	—	—	—	—	New“Approx. $0.20”
Adjusted earnings per share - diluted	—	—	—	—	New“Approx. $2.48”	Lowered“Approx. $2.21”	Raised“Approx. $2.22”	Raised“Approx. $2.24”
Adjusted earnings per share - diluted	—	—	—	—	—	—	New“Approx. $1.35”	—
Adjusted earnings per share - diluted	—	—	—	—	—	New“Approx. $0.34”	—	—
Adjusted earnings per share - diluted	—	—	—	—	New“Approx. $0.17”	—	—	—
Adjusted EBITDA	—	—	—	—	—	New“$7 billion”	—	—
Adjusted EBITDA (in billions)	—	—	—	—	—	—	—	New“Approx. $1.30”
Adjusted EBITDA (in billions)	—	—	—	—	New“Approx. $7.63”	Lowered“Approx. $7.19”	Lowered“Approx. $7.11”	Raised“Approx. $7.14”
Adjusted EBITDA (in billions)	—	—	—	—	—	—	New“Approx. $2.88”	—
Adjusted EBITDA (in billions)	—	—	—	—	—	New“Approx. $1.48”	—	—
Adjusted EBITDA (in billions)	—	—	—	—	New“Approx. $1.24”	—	—	—
Adjusted net income	—	—	—	—	New“$3.5 billion”	—	—	—
Adjusted net income (in billions)	—	—	—	—	—	—	New“Approx. $3.07”	—
Adjusted net income (in billions)	—	—	—	—	—	—	New“Approx. $1.86”	—
Adjusted net income (in millions)	—	—	—	—	—	—	—	New“Approx. $274”
Adjusted net income (in millions)	—	—	—	—	—	New“Approx. $3,070”	—	Raised“Approx. $3,080”
Adjusted net income (in millions)	—	—	—	—	—	New“Approx. $470”	—	—
Adjusted net income (loss) (in millions)	—	—	—	—	New“Approx. $3,450”	—	—	—
Adjusted net income (loss) (in millions)	—	—	—	—	New“Approx. $235”	—	—	—
Adjusted net income operational improvement vs. December	—	—	—	—	—	New“nearly $150 million”	—	—
Earnings growth	—	—	—	—	New“double-digit”	—	—	—
Fuel price impact on adjusted net income	—	—	—	—	—	New“more than $500 million”	—	—
Operational improvement in adjusted net income (compared to June)	—	—	—	—	—	—	—	New“more than $150 million”
Adjusted cruise costs excluding fuel per ALBD (Constant Currency)	—	—	—	—	—	—	—	New“Approx. 1.7%”
Adjusted cruise costs excluding fuel per ALBD (Constant Currency)	—	—	—	—	New“Approx. 5.9%”	Lowered“up approximately 3.1 percent”	Lowered“Approx. 2.4%”	—
Adjusted cruise costs excluding fuel per ALBD (Constant Currency)	—	—	—	—	—	—	New“Approx. 2.8%”	—
Adjusted cruise costs excluding fuel per ALBD (Constant Currency)	—	—	—	—	—	New“Approx. 2.6%”	—	—
Adjusted cruise costs excluding fuel per ALBD (Current Dollars)	—	—	—	—	—	—	—	New“Approx. 1.9%”
Adjusted cruise costs excluding fuel per ALBD (Current Dollars)	—	—	—	—	New“Approx. 4.6%”	Lowered“Approx. 4.4%”	Lowered“Approx. 3.7%”	Lowered“Approx. 3.5%”
Adjusted cruise costs excluding fuel per ALBD (Current Dollars)	—	—	—	—	—	New“Approx. 4.0%”	—	—
Adjusted cruise costs excluding fuel per ALBD (Current Dollars)	—	—	—	—	New“Approx. 9.6%”	—	—	—
Adjusted cruise costs excluding fuel per ALBD (in constant currency, normalized)	—	—	—	—	New“up approximately 2.5 percent”	—	—	—
Adjusted cruise costs excluding fuel per ALBD (in constant currency)	—	—	—	—	New“up approximately 3.25 percent compared to 2025”	Widened“up approximately 3.1 percent compared to 2025 and better than December guidance”	Changed“up approximately 2.4 percent, 1.3 percent after reflecting the timing of certain expenses between the years, partial year operating expenses from two exclusive destinations and over 30 basis points for certain elevated logistics costs as a result of disruption from the Middle East conflict”	Narrowed“up approximately 2.2 percent”
Adjusted cruise costs excluding fuel per ALBD (in constant currency)	—	—	—	—	New“up approximately 5.9 percent compared to the first quarter 2025”	—	—	—
Adjusted cruise costs excluding fuel per ALBD (in constant currency), after normalizing	—	—	—	—	—	New“up approximately 2.3 percent”	—	—
Adjusted cruise costs excluding fuel per ALBD (in constant currency), after reflecting timing of certain expenses, partial year operating expenses from two exclusive destinations and certain elevated logistics costs	—	—	—	—	—	—	—	New“up approximately 1.1 percent”
Adjusted weighted-average shares outstanding - diluted	—	—	—	—	—	—	—	New“1,358”
Adjusted weighted-average shares outstanding - diluted	—	—	—	—	New“1,392”	—	Lowered“1,384”	Lowered“1,376”
Adjusted weighted-average shares outstanding - diluted	—	—	—	—	—	—	New“1,377”	—
Adjusted weighted-average shares outstanding - diluted	—	—	—	—	—	New“1,392”	—	—
Adjusted weighted-average shares outstanding - diluted	—	—	—	—	New“1,388”	—	—	—
ALBDs (in millions)	—	—	—	—	New“97.4”	—	—	Reiterated“97.4”
ALBDs (in millions)	—	—	—	—	New“24.9”	—	Reiterated“24.9”	—
ALBDs (in millions)	—	—	—	—	New“24.7”	Reiterated“24.7”	—	—
ALBDs (in millions)	—	—	—	—	New“23.7”	—	—	—
ALBDs (in millions) (a)	—	—	—	—	—	New“24.7”	Raised“24.9”	—
AUD	—	—	—	—	—	New“$ 0.71”	Reiterated“$ 0.71”	—
AUD (USD to 1)	—	—	—	—	New“$0.67”	—	—	—
Brent crude oil price assumption	—	—	—	—	—	New“$90 per barrel”	—	—
Brent crude oil price assumption	—	—	—	—	—	New“$85 per barrel”	—	—
Brent crude oil price assumption	—	—	—	—	—	New“$80”	—	—
CAD	—	—	—	—	—	New“$ 0.73”	Lowered“$ 0.71”	—
CAD (USD to 1)	—	—	—	—	New“$0.73”	—	—	—
Capacity growth	—	—	—	—	New“less than one percent capacity growth”	—	—	—
Capacity growth compared to prior year	—	—	—	—	New“(0.3) %”	—	—	Raised“(0.1) %”
Capacity growth compared to prior year	—	—	—	—	New“0.9%”	Reiterated“0.9 %”	Raised“1.0 %”	Reiterated“1.0 %”
Capacity growth compared to prior year	—	—	—	—	New“1.5 %”	—	Reiterated“1.5%”	—
Capacity growth compared to prior year	—	—	—	—	New“2.0 %”	Lowered“1.9 %”	—	—
Capacity growth compared to prior year	—	—	—	—	New“0.5 %”	—	—	—
Depreciation and amortization expense (in billions)	—	—	—	—	—	—	—	New“$ 0.75”
Depreciation and amortization expense (in billions)	—	—	—	—	New“$2.98”	Lowered“$ 2.97”	Lowered“$ 2.91”	Raised“$ 2.92”
Depreciation and amortization expense (in billions)	—	—	—	—	—	—	New“$ 0.74”	—
Depreciation and amortization expense (in billions)	—	—	—	—	—	New“$0.73”	—	—
Depreciation and amortization expense (in billions)	—	—	—	—	New“$ 0.70”	—	—	—
EUR	—	—	—	—	—	New“$ 1.15”	Raised“$ 1.16”	—
EUR (USD to 1)	—	—	—	—	New“$1.17”	—	—	—
Fuel consumption in metric tons (in millions)	—	—	—	—	—	—	—	New“0.7”
Fuel consumption in metric tons (in millions)	—	—	—	—	New“2.8”	Reiterated“2.8”	Lowered“2.7”	Reiterated“2.7”
Fuel consumption in metric tons (in millions)	—	—	—	—	—	—	New“0.7”	—
Fuel consumption in metric tons (in millions)	—	—	—	—	—	New“0.7”	—	—
Fuel consumption in metric tons (in millions)	—	—	—	—	New“0.7”	—	—	—
Fuel cost per metric ton consumed (excluding emission allowances)	—	—	—	—	—	—	—	New“$ 896”
Fuel cost per metric ton consumed (excluding emission allowances)	—	—	—	—	New“$524”	—	Raised“$ 713”	Raised“$ 768”
Fuel cost per metric ton consumed (excluding emission allowances)	—	—	—	—	—	—	New“$ 812”	—
Fuel cost per metric ton consumed (excluding emission allowances)	—	—	—	—	—	New“$795”	—	—
Fuel cost per metric ton consumed (excluding emission allowances)	—	—	—	—	New“$ 539”	—	—	—
Fuel cost per metric ton consumed (excluding emission allowances) (b)	—	—	—	—	—	New“$ 795”	—	—
Fuel expense (including emission allowances expense) (in billions)	—	—	—	—	—	—	—	New“$ 0.64”
Fuel expense (including emission allowances expense) (in billions)	—	—	—	—	New“$1.63”	Raised“$ 2.15”	Lowered“$ 2.12”	Raised“$ 2.25”
Fuel expense (including emission allowances expense) (in billions)	—	—	—	—	—	—	New“$ 0.62”	—
Fuel expense (including emission allowances expense) (in billions)	—	—	—	—	—	New“$0.61”	—	—
Fuel expense (including emission allowances expense) (in billions)	—	—	—	—	New“$ 0.38”	—	—	—
GBP	—	—	—	—	—	New“$ 1.34”	Reiterated“$ 1.34”	—
GBP (USD to 1)	—	—	—	—	New“$1.34”	—	—	—
GHG emission intensity goal	New“more than a 20 percent reduction by the end of 2026 compared to 2019”	—	—	—	—	—	—	—
Interest expense, net of capitalized interest and interest income (in billions)	—	—	—	—	—	—	—	New“$ 0.26”
Interest expense, net of capitalized interest and interest income (in billions)	—	—	—	—	New“$1.11”	Lowered“$ 1.09”	Lowered“$ 1.07”	Raised“$ 1.08”
Interest expense, net of capitalized interest and interest income (in billions)	—	—	—	—	—	—	New“$ 0.27”	—
Interest expense, net of capitalized interest and interest income (in billions)	—	—	—	—	—	New“$0.27”	—	—
Interest expense, net of capitalized interest and interest income (in billions)	—	—	—	—	New“$ 0.29”	—	—	—
Net yields	—	—	—	—	—	—	New“up approximately 3.2 percent compared to record 2025 levels”	—
Net yields (constant currency, normalized)	—	—	—	—	—	New“up approximately 3.25 percent”	—	—
Net yields (Constant Currency)	—	—	—	—	New“Approx. 1.6%”	Raised“up approximately 2.75 percent”	Lowered“Approx. 1.75%”	Lowered“Approx. 1.7%”
Net yields (Constant Currency)	—	—	—	—	—	—	New“Approx. 1.2%”	—
Net yields (Constant Currency)	—	—	—	—	—	New“Approx. 2.0%”	—	—
Net yields (Current Dollars)	—	—	—	—	—	—	—	New“Approx. 2.3%”
Net yields (Current Dollars)	—	—	—	—	New“Approx. 3.7%”	Raised“Approx. 4.1%”	Lowered“Approx. 3.2%”	Raised“Approx. 3.8%”
Net yields (Current Dollars)	—	—	—	—	—	—	New“Approx. 1.3%”	—
Net yields (Current Dollars)	—	—	—	—	—	New“Approx. 3.7%”	—	—
Net yields (Current Dollars)	—	—	—	—	New“Approx. 5.1%”	—	—	—
Net yields (in constant currency, normalized)	—	—	—	—	New“up approximately 3.0 percent”	—	—	—
Net yields (in constant currency, normalized)	—	—	—	—	New“up approximately 2.4 percent”	—	—	—
Net yields (in constant currency)	—	—	—	—	New“up approximately 2.5 percent compared to record 2025 levels”	Changed“up approximately 2.75 percent compared to record 2025 levels and 0.25 percentage points better than December guidance”	Changed“up approximately 1.75 percent, 2.25 percent after reflecting the impact of the summer 2025 close-in decision to redeploy away from the previously planned first quarter 2026 Arabian Gulf voyages and the impacts of loyalty program accounting for Carnival Cruise Line”	—
Net yields (in constant currency)	—	—	—	—	New“up approximately 1.6 percent”	—	—	—
Net yields (in constant currency) compared to 2025 record levels	—	—	—	—	—	—	—	New“up approximately 1.7 percent”
Net yields (in constant currency) compared to record 2025 levels	—	—	—	—	—	—	—	New“up approximately 2.3 percent”
Net yields (in constant currency), after normalizing for impact of summer 2025 close-in decision and loyalty program accounting	—	—	—	—	—	New“up approximately 3.25 percent”	—	—
Net yields (in constant currency), after reflecting Arabian Gulf redeployment and loyalty program accounting impacts	—	—	—	—	—	—	—	New“up approximately 2.7 percent”
Net yields (in constant currency), after reflecting the impact of loyalty program accounting for Carnival Cruise Line	—	—	—	—	—	—	—	New“up approximately 2.3 percent”
Net yields (in constant currency), after reflecting the impact of the summer 2025 close-in redeploy decision and loyalty program accounting for Carnival Cruise Line	—	—	—	—	—	—	—	New“up approximately 2.7 percent”
Newbuild capital expenditures	—	—	—	—	—	—	—	New“$0.3 billion”
Newbuild capital expenditures	—	—	—	—	New“$0.6 billion”	Reiterated“$0.6 billion”	Reiterated“$0.6 billion”	—
Non-newbuild capital expenditures	—	—	—	—	—	—	—	New“$0.9 billion”
Non-newbuild capital expenditures	—	—	—	—	New“$2.5 billion”	Lowered“$1.8 billion”	Lowered“$1.3 billion”	—
Quarterly dividend	—	—	—	—	New“$0.15 per share”	—	—	—
Return on invested capital (ROIC)	—	—	—	—	New“exceed 13.5 percent”	—	—	—
Total dividend distributions	—	—	—	—	—	New“more than $800 million”	—	—
Weighted-average shares outstanding - basic	—	—	—	—	—	—	—	New“1,352”
Weighted-average shares outstanding - basic	—	—	—	—	New“1,385”	Reiterated“1,385”	—	Lowered“1,369”
Weighted-average shares outstanding - basic	—	—	—	—	—	—	New“1,372”	—
Weighted-average shares outstanding - basic	—	—	—	—	—	New“1,386”	—	—
Weighted-average shares outstanding - basic	—	—	—	—	New“1,379”	—	—	—
For FY2025
1% change in adjusted cruise costs excluding fuel per ALBD (impact to adjusted net income (loss) in millions)	New“$109”	Lowered“$26”	Raised“$27”	Raised“$29”	—	—	—	—
1% change in currency exchange rates (impact to adjusted net income (loss) in millions)	New“$25”	Lowered“$20”	Lowered“$10”	Lowered“$6”	—	—	—	—
1% change in net yields (impact to adjusted net income (loss) in millions)	New“$190”	Lowered“$149”	Lowered“$104”	Lowered“$45”	—	—	—	—
10% change in fuel cost per metric ton (excluding EUA) (impact to adjusted net income (loss) in millions)	New“$178”	Lowered“$131”	Lowered“$44”	Lowered“$42”	—	—	—	—
100 basis point change in variable rate debt (impact to adjusted net income (loss) in millions)	—	—	—	New“$9”	—	—	—	—
100 basis point change in variable rate debt (including derivatives) (impact to adjusted net income (loss) in millions)	New“$48”	Lowered“$35”	Lowered“$24”	—	—	—	—	—
Adjusted earnings per share - diluted	New“Approx. $0.00”	Raised“Approx. $0.22”	Raised“Approx. $1.30”	Lowered“Approx. $0.23”	—	—	—	—
Adjusted EBITDA	New“approximately $6.6 billion, up approximately $500 million compared to 2024”	Raised“approximately $6.7 billion, up nearly 10 percent compared to 2024 and better than December guidance”	Raised“approximately $6.9 billion, up over 10 percent compared to 2024”	Raised“approximately $7.05 billion, up 15 percent compared to 2024”	—	—	—	—
Adjusted EBITDA	—	New“approximately $1.3 billion, up 10 percent compared to the second quarter of 2024”	—	—	—	—	—	—
Adjusted EBITDA (in billions)	New“Approx. $1.04”	Raised“Approx. $1.32”	Raised“Approx. $2.87”	Lowered“Approx. $1.34”	—	—	—	—
Adjusted EBITDA per ALBD	New“to reach its 2026 SEA Change target one year in advance”	—	—	—	—	—	—	—
Adjusted net income	New“approximately $2.3 billion”	Changed“up over 30 percent compared to 2024 and better than December guidance by $185 million”	Changed“up over 40 percent compared to 2024 and better than March guidance by $200 million”	Changed“up nearly 55 percent compared to 2024 and better than June guidance by $235 million”	—	—	—	—
Adjusted net income	—	—	—	New“up over 60 percent compared to the fourth quarter 2024”	—	—	—	—
Adjusted net income (in millions)	New“Approx. $2,305”	—	—	—	—	—	—	—
Adjusted net income (loss) (in millions)	—	New“Approx. $2,490”	Lowered“Approx. $1,800”	Raised“Approx. $2,925”	—	—	—	—
Adjusted cruise costs excluding fuel per ALBD (Constant Currency)	New“Approx. 3.4%”	Raised“Approx. 5.5%”	Raised“Approx. 7.0%”	Lowered“Approx. 3.2%”	—	—	—	—
Adjusted cruise costs excluding fuel per ALBD (Current Dollars)	New“Approx. 2.4%”	Raised“Approx. 5.6%”	Raised“Approx. 8.9%”	Lowered“Approx. 5.5%”	—	—	—	—
Adjusted cruise costs excluding fuel per ALBD (in constant currency)	New“up approximately 3.7 percent compared to 2024”	Narrowed“up approximately 3.8 percent compared to 2024, in line with December guidance”	Widened“up approximately 3.6 percent compared to 2024”	Widened“up approximately 3.3 percent compared to 2024”	—	—	—	—
Adjusted cruise costs excluding fuel per ALBD (in constant currency)	—	—	New“up approximately 7.0 percent compared to the third quarter of 2024”	—	—	—	—	—
Adjusted cruise costs excluding fuel per ALBD (in constant currency)	—	New“up approximately 5.5 percent compared to the second quarter of 2024”	—	—	—	—	—	—
Adjusted ROIC	New“approximately 11.7 percent”	Raised“approximately 12 percent”	—	—	—	—	—	—
Adjusted weighted-average shares outstanding - diluted	New“1,316”	Raised“1,401”	Raised“1,402”	Raised“1,403”	—	—	—	—
ALBDs (in millions)	New“23.6”	Raised“24.2”	Raised“24.6”	Raised“96.5”	—	—	—	—
AUD (USD to 1)	New“$0.64”	Lowered“$0.63”	Raised“$0.65”	Raised“$0.66”	—	—	—	—
CAD (USD to 1)	New“$0.70”	Reiterated“$0.70”	Raised“$0.73”	Lowered“$0.72”	—	—	—	—
Capacity growth compared to prior year	New“(0.0)%”	Raised“3.2%”	Lowered“(2.4)%”	—	—	—	—	—
Depreciation and amortization (in billions)	New“$0.66”	Raised“$ 0.69”	Raised“$ 0.72”	—	—	—	—	—
Depreciation and amortization expense (in billions)	—	—	—	New“$0.73”	—	—	—	—
EUR (USD to 1)	New“$1.05”	Raised“$1.08”	Raised“$1.15”	Raised“$1.18”	—	—	—	—
Fuel consumption in metric tons (in millions)	New“0.7”	Reiterated“0.7”	Reiterated“0.7”	Reiterated“0.7”	—	—	—	—
Fuel cost per metric ton consumed (excluding European Union Allowance ("EUA"))	New“$616”	Raised“$617”	Raised“$619”	Lowered“$598”	—	—	—	—
Fuel expense (including EUA expense) (in billions)	New“$0.45”	Raised“$0.48”	Reiterated“$0.48”	Lowered“$0.45”	—	—	—	—
GBP (USD to 1)	New“$1.26”	Raised“$1.29”	Raised“$1.34”	Raised“$1.35”	—	—	—	—
Interest expense	New“over $200 million lower than 2024 and over $500 million lower compared to 2023”	—	—	—	—	—	—	—
Interest expense, net of capitalized interest and interest income (in billions)	New“$0.38”	Lowered“$ 0.33”	Reiterated“$ 0.33”	Lowered“$0.30”	—	—	—	—
Net yield growth	—	—	New“strong 4 percent net yield growth”	—	—	—	—	—
Net yields (Constant Currency)	New“Approx. 4.6%”	Lowered“Approx. 4.4%”	Lowered“Approx. 3.5%”	Raised“Approx. 4.3%”	—	—	—	—
Net yields (Current Dollars)	New“Approx. 3.5%”	Raised“Approx. 4.3%”	Raised“Approx. 5.2%”	Raised“Approx. 6.4%”	—	—	—	—
Net yields (in constant currency)	New“approximately 4.2 percent higher than record 2024 levels”	Narrowed“approximately 4.7 percent higher than 2024”	Narrowed“approximately 5.0 percent higher than strong 2024 levels”	Narrowed“up approximately 5.3 percent compared to 2024”	—	—	—	—
Net yields (in constant currency)	—	—	—	New“up approximately 4.3 percent compared to record 2024 levels”	—	—	—	—
Net yields (in constant currency)	—	—	New“up approximately 3.5 percent compared to strong 2024 levels”	—	—	—	—	—
Net yields (in constant currency)	—	New“up approximately 4.4 percent compared to strong 2024 levels”	—	—	—	—	—	—
Newbuild capital expenditures	—	—	—	New“$1.0 billion”	—	—	—	—
Newbuild capital expenditures	New“$1.1 billion”	Lowered“$1.0 billion”	Raised“$1.1 billion”	—	—	—	—	—
Non-newbuild capital expenditures	—	—	—	New“$0.7 billion”	—	—	—	—
Non-newbuild capital expenditures	New“$2.5 billion”	Lowered“$1.9 billion”	Lowered“$1.2 billion”	—	—	—	—	—
Weighted-average shares outstanding - basic	New“1,309”	Raised“1,312”	Raised“1,313”	Reiterated“1,313”	—	—	—	—
No period stated
Net debt to adjusted EBITDA ratio	—	—	—	New“under 3x”	—	—	—	—
Net impact of fuel prices and currency on the company's June compared to prior	—	—	—	—	—	—	New“less than $0.01 per share”	—
Share buyback program	—	—	—	—	—	New“initial $2.5 billion”	—	—

Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.