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Carnival reports more bookings and higher prices
Carnival Corporation achieved better-than-expected third-quarter results and says the immediate future looks positive.
The cruise company reported adjusted net profit of over $1.2 billion in the three months to August 31, compared with $934 million in the same period last year.
Revenues rose to almost $5 billion.
The emerging cruise market of Asia performed particularly well, while the core traditional Caribbean market saw a 20% increase in bookings.
The company’s Costa brand showed "continued progress" according to president and chief executive Arnold Donald.
He said: "Strong close-in demand and higher onboard spending helped drive significantly better than expected third quarter results and 15% year-over-year earnings improvement.
"The sustained improvement in booking trends as we have progressed through the year combined with yield increases in the second half of 2014 builds confidence that we will see continued yield growth in 2015 and beyond."
Alan Buckelew, chief operations officer, at Carnival is relocating to China to more closely oversee the company’s growing operations there.
In his expanded role, he will lead all of the company’s initiatives in China, while also continuing to provide oversight of all maritime and port operations around the world and a number of related functions as part of his COO role.
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Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
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