Carnival predicts buoyant remainder of 2005
Carnival Corporation has predicted a strong second half of 2005 after revealing a 23% rise in net profits in its second quarter.
The global cruise group saw net income rise by $77 million to $409 million in the three months ending May 31 over the same period last year.
Revenues were up by almost 12% to $2.52 billion due to an increase in new capacity and “significant growth” in yields.
Chairman and chief executive Micky Arison said the improved profits came despite “historically high” fuel costs.
He said: “At the end of the second quarter we achieved higher occupancy rates for the last six months of this year than at the same time last year, with higher average prices, which puts us in an excellent position to achieve higher revenue yields in the second half of 2005.”
Arison added: “We came into the second quarter of 2005 with significantly less inventory remaining to be sold verses the same time last year, despite and 8.5% increase in 2005 capacity.”
The US company – with 12 brands including P&O Cruises, Cunard, Costa Cruises and Holland America Line – expects third quarter net revenue yields to rise by 4.5%-5.5% over last year.
The figures emerged as P&O Cruises introduced “traditional” cruise ship Artemis as the fifth vessel in its fleet with a naming ceremony at sea off the Isle of Wight.
Report by Phil Davies
Phil Davies
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 
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt
Qatar Airways offers flexible payment options for European travellers
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
TAP Air Portugal to operate 29 flights due to strike on December 11