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
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt