Miami, USA: Carnival Corporation reported net income of US$264 million on revenues of US$2.9 billion for its second quarter ended May 31, 2009.
Net income for the second quarter of 2008 was US$390 million on revenues of $3.4 billion.
Carnival Chairman and CEO Micky Arison said that operating results in the second quarter were better than the company's March guidance due primarily to lower than expected net cruise costs and better than expected pricing on close-in bookings.
"This was partially offset by higher fuel prices and the impact from disruptions of its Mexican cruises in response to the US Centre for Disease Control (CDC) recommendations against non-essential travel to Mexico which reduced second quarter earnings by approximately US$0.03 per share," said a statement issued by Carnival.
