|
Unique Cruise Solutions The news you need to know |
|||||||||||||||||
|
|||||||||||||||||
 |
|
|
|||||||||||||||
|
Cruise News for the Corporate Travel Professional |
|||||||||||||||||
|
Carnival Releases Q1 Earnings |
||||||||||||||||
|
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE:
CUK) reported net income of $175 million, or $0.22 diluted EPS, on revenues of
$3.1 billion for its first quarter ended February 28, 2010. Net income for the
first quarter of 2009 was $260 million, or $0.33 diluted EPS, on revenues of
$2.9 billion. Carnival Corporation & plc Chairman and CEO Micky Arison indicated that operating results in the first quarter 2010 were better than the company’s December guidance due to a combination of better than expected net revenue yields and lower than expected unit costs. The first quarter included a $0.05 gain from the sale of P&O Cruises’ Artemis, as previously announced. Commenting on the first quarter, Arison said, “We were very encouraged by our results as pricing continued to rebound off last year’s lows and we returned to top line revenue growth after a challenging 2009. During the quarter, the booking environment continued to improve for our North American brands and we achieved stronger than expected pricing on close in bookings. In addition, we continue to realize significant cost savings worldwide, though the strength of our performance was masked by rising fuel prices.” Higher fuel prices reduced earnings in the first quarter by $0.22 per share as compared to the prior year. |
|
||||||||||||||||
|
|
|||||||||||||||||
|
|
|||||||||||||||||
| Up | |||||||||||||||||
|
Worldwide Travel & Cruise Assoc., Inc. 150 S. University Dr. Ste E, Plantation, FL 33324 - USA Tel: +1 954 452 8800 Fax: +1 954 252 3945 EMail: sales@cruiseco.com |
|||||||||||||||||
|
Designed & Published by: Worldwide Media. |
|||||||||||||||||
