CARNIVAL CORPORATION HAS REPORTED FIRST QUARTER net income of US$152 million on revenues of US$3.4b for the period ending 28 Feb 2011. The results are down year-on-year from net income of US$175m on revenues of US$3.2b for the same period last year. The first quarter earnings, according to Carnival Corporation’s...
CARNIVAL CORPORATION HAS REPORTED FIRST QUARTER
net income of US$152 million on revenues
of US$3.4b for the period ending 28 Feb 2011.
The results are down year-on-year from net
income of US$175m on revenues of
US$3.2b for the same period last year.
The first quarter earnings, according to
Carnival Corporation’s ceo Micky Arison, are
at the high end of Dec’s guidance due to
lower than expected unit costs which offset
higher than expected fuel prices.
“Net revenue yields increased 2 percent
(constant dollars) driven by a significant
improvement in ticket prices for our
European brands,” he said.
We remained focused on managing costs
and reducing fuel consumption…all of which
more than offset rising fuel prices during the
quarter,” he added.
Moving forward, the cruise line expects full
year diluted earnings per share in the range
of US2.55 – US$2.65.
