Carnival announces record performance
Carnival Corporation has announced the highest quarterly performance in its history, making a net income of $1.7 billion, up from $1.3 billion in the same quarter of last year.
Based on the third quarter results and booking strength for the fourth quarter of 2018, the company now expects full year 2018 net revenue yields to be up approximately 3.5% compared to last year.
This is a slight improvement on its guidance in June, when it forecast an increase of approximately 3%.
President and CEO Arnold Donald said: "Strong execution delivered the highest quarterly performance in our company’s history, overcoming fuel and currency headwinds.
Highlights from the third quarter include the signing of an agreement between Princess Cruises and Italian shipbuilder Fincantieri to build two new liquefied natural gas ships that will be delivered in 2023 and 2025, bringing the total to 11 LNG cruise ships on order.
P&O Cruises (Australia) announced the sale of Pacific Jewel, which will leave the fleet in March 2019; Holland America Line announced the sale of Prinsendam, which will leave the fleet in July 2019; and P&O Cruises announced the sale of Oriana, which will leave the fleet in August 2019.
Seabourn received approval to begin sailing to Cuba from Miami and San Juan, becoming Carnival’s third cruise brand approved to sail to the Caribbean island.
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
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