Carnival Corp. Achieves Record Q1 Earnings

Bruce Parkinson, Open Jaw

Arnold Donald

Carnival Corporation announced net income of US$391 million for the first quarter of 2018, a solid increase from US$352 million in Q1 2017. Revenues of US$4.2 billion were higher than the US$3.8 billion in the prior year.

“We are off to a strong start to the year achieving another quarter of record earnings on record revenues and exceeding the high end of guidance,” said Carnival Corp. CEO Arnold Donald. “This strong operational execution affirms our efforts to create demand in excess of measured capacity growth and exceed guest expectations once onboard. Our guest experience efforts, coupled with our ongoing marketing and public relations programs are clearly accelerating cruise demand across the board to drive cruise ticket prices higher.”

Highlights from the first quarter include the signing of agreements with German shipbuilder Meyer Werft GmbH to build two new cruise ships that will be powered by liquefied natural gas. The first is designated for P&O Cruises to be delivered in 2022 with the second for AIDA Cruises in 2023.

The quarter also saw the appointment of Shaquille O’Neal as Carnival’s new “CFO,” Chief Fun Officer, while Cunard hosted the world premiere of “The Greatest Showman,” broadcasting the red carpet event live on Flagship Queen Mary 2.

Bruce Parkinson

Bruce Parkinson Editor-in-Chief

An observer and analyst of the Canadian and international travel industries for over 25 years, Bruce uses the pre-dawn hours to prepare a daily news and information package to keep industry members up to date.

Leave a Comment...

(will not be published)