Carnival Corporation has announced net income of $193 million for the 2nd
quarter of 2015, compared to $73 millionin Q2 2014. The cruise giant achieved this positive
result with revenues of $3.6 billion, in line with the prior year.
than doubled our 2nd quarter earnings vs. the comparable period a
year ago and significantly exceeded our quarterly earnings guidance,” said CEO
Arnold Donald. “Our initiatives to create demand and leverage our scale
benefited both cruise ticket prices and onboard revenues, contributing to 5%
revenue yield improvement this quarter. While all of our North American brands
enjoyed strong revenue yield improvement, our Carnival Cruise Line brand
performed particularly well.”
milestones during the 2nd quarter included the launch of fathom, the
10th brand in the Carnival Corp. family. Beginning in April 2016,
fathom will introduce a new cruise category offering travellers the combination
of vacation and voluntourism, beginning in the Dominican Republic.
quarter highlights included the launch of year-round service from Shanghai on Costa
Serena in April and the announcement of the deployment of Costa Fortuna
to China in 2016, bringing the total to 4 Costa ships dedicated to Chinese
Cruises also announced that it will expand its presence in Asia with a new ship
scheduled to enter service in mid-2017 to be based in China year-round.
earlier this month Carnival Corp. finalized a contract with Meyer Werft
shipyard to build 4 ships that will feature the largest guest capacity in the
world as well as be the 1st cruise ships to be powered at sea by Liquefied
Natural Gas, the world’s cleanest-burning fossil fuel.
milestones further demonstrate our ongoing focus on effective strategic
actions, technological development and innovation, laying the foundation for
future growth and continued global expansion,” said Donald.
ahead, Carnival says that fleetwide booking volumes for the next 3 quarters are
running well ahead of last year at slightly lower prices
due to transactional currency impacts. At this time, cumulative advance
bookings for the next 3 quarters are well ahead of the prior year at slightly
lower prices again due to transactional currency impacts.
noted: “Current strength in booking volumes clearly demonstrates strong
consumer demand for our brands, leaving less inventory remaining for sale and
building confidence in achieving significant revenue yield improvement this
year. We are stepping up our marketing investment for the remainder of the year
to further solidify our base of business for 2016 and drive continued yield
improvement as we progress on our path toward double digit return on invested