Carnival Corporation sees profits of nearly two billion for year


Carnival Corporation has just announced its profits for the last quarter of the year, amounting to some US$193 million, while down from last year’s US$371 million, results in the cruise giant earning some US$1.8 billion for the year.

The US$1.79 billion in profits after tax is a 23% drop from the massive US$2.33 billion achieved in 2008, and comes after revenue for the year reached $13.16 billion down from the 14.65 billion achieved in 2008.

“We weathered the most challenging economic environment in the company’s history exceptionally well,” said Micky Arison, Carnival Corporation Chairman and CEO.

“In 2009, Carnival was the most profitable leisure travel company, which is testament to the strength and quality of our global portfolio of highly recognized brands and their management teams.”

In the last quarter on report alone, the three months ending November saw revenue of US$3.2 billion, only slightly down from the US$3.3 billion a year earlier.

2010 forecasts currently predict that the strong booking patterns will continue, with 2010 pricing slightly behind 2009 figures globally, although a two to three percent increase on revenue, dollar for dollar, appears likely

Carnival Corporation is the global parent company of cruise lines Cunard Line, Carnival Cruise Lines, Princess Cruises, P&O Cruises, Costa Cruises and Seabourn Cruise Line.

Source = e-Travel Blackboard: W.X
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