United Kingdom
United States
Asia Pacific
Carnival: Peak season profits ‘better than expected’
Carnival Corporation's net profits for the peak summer quarter to the end of August were roughly in line with last year at $1.3bn, despite sales being hit by political unrest in the Middle East and North Africa.
Chairman and chief executive Micky Arison said the results were better than anticipated, due to a combination of higher than expected revenue yields and lower than expected costs.
He said ticket prices for the peak period remained strong close to sailing, driving a 2.6% yield improvement. While European, Australian and Asian brand yields fell 2%, the North American brands achieved a 6% increase in yields.
Advance bookings for the remainder of 2011 and the first half of 2012 year are ahead of last year and prices are slightly higher, said Arison. "Despite the uncertain economic environment, we have a strong base of business for the first half of 2012 and booking trends during the third quarter have been solid.
"The increased level of importance consumers are placing on value continues to drive demand for our cruise products."
The company expects full-year net revenue yields to increase 2% year-on-year.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
BA suspending all Heathrow to Abu Dhabi flights
Turkish Airlines flight in emergency landing after pilot dies
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel
Foreign Office issues travel advisory for winter sun destinations