Carnival shows strong second quarter earnings

Carnival Corporation has recorded a net income of US$370 million for the second quarter of 2016 compared to adjusted net income for the second quarter of 2015 of $193 million.

Revenues for the second quarter of 2016 were $3.7 billion compared to $3.6 billion for the prior year.

“Our strong second quarter demonstrates continued momentum as we again achieved a near doubling of adjusted earnings per share,” Carnival Corporation president and CEO Arnold Donald said.

The company expects full year 2016 net revenue yields to be up approximately 3.5 per cent versus the prior year, compared to March guidance of approximately 3.0 per cent.

The company expects 2016 net cruise costs excluding fuel per available lower berth day (ALBD) to be up approximately 1.5 per cent compared to the prior year on a constant currency basis. Changes in fuel prices and currency exchange rates are expected to reduce full year earnings by US$0.17 per share.