Key details from first quarter interim report of Carnival Corp & plc concerning the three months to 29 Fenruary period. Costa Concordia has been declared total loss and the company ha sreceived $515 million insurance recoverable.
* 1Q revenues increased by $163m to $3.6b from $3.4b in the prior year, due
primarily to increased capacity and higher ticket prices
* 1Q net revenue yields in constant dollars increased 2.9% (up 2.3% in
current dollars) compared to the prior year, which was higher than the
company's December guidance
* Excluding fuel, constant dollar net cruise costs per available lower berth
day ("ALBD") increased 6.4% and included a $34 million impairment charge
related to Costa Allegra and $29 million of Costa Concordia incident
expenses
* Fuel prices increased 30% to $707 per metric ton for 1Q 2012 versus $543
per metric ton in 1Q 2011
* An insurance recoverable of $515 million for Costa Concordia was recorded,
which offset the ship write off since the ship has been deemed to be a
constructive total loss
* 1Q Non-GAAP (diluted) earnings per share of $0.02, compared to $0.19 for
the prior year
* 1Q U.S. GAAP (diluted) loss per share of $0.18 included Ibero Cruises
goodwill and trademark impairment charges of $173 million and net
unrealized gains on fuel derivatives of $21 million