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Carnival says bookings run 3 points behind year-on, prices slightly higher

  • Written by Kari Reinikainen
  • Category: Top Headlines

Highlights from the 2012 outlook Carnival Corp & plc unveiled with its first quarter interim report:

  * At this time, cumulative advance bookings, excluding Costa, for the

    remainder of 2012 are approximately 3 occupancy points behind the prior

    year with prices slightly higher than last year's levels (constant dollars)

  * Net revenue yields for FY 2012 are expected to be in line with the prior

    year (constant dollars) excluding Costa, and decline 2 to 4 percent

    (constant dollars) including Costa

  * Net cruise costs excluding fuel per ALBD for FY 2012 are expected to be in

    line with the prior year on a constant dollar basis

  * Changes in currency exchange rates and fuel prices for FY 2012 are expected

    to reduce FY 2012 earnings by $0.59 per share compared to 2011

  * Full year 2012 non-GAAP earnings per share (diluted) expected to be in the

    range of $1.40 to $1.70, compared to $2.42 for 2011

  * 2Q 2012 non-GAAP earnings per share (diluted) expected to be in the range

    of $0.05 to $0.09, compared to $0.26 in 2Q 2011

Carnival Corp & plc says Costa Allegra incident cost $29 million; received $515 million for Costa Concordia

  • Written by Kari Reinikainen
  • Category: Top Headlines

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

Carnival Corp & plc reports deeper than forecast $139 million net loss in first quarter

  • Written by Kari Reinikainen
  • Category: Top Headlines

Carnival Corp & plc, the world’s largest cruise shipping group, reported a net loss of $139 million for three months to 29 February compared to a profit of $152 million in the same period last year. Loss per share amounted to $0.18 per share. The median forecast of analysts in New York and London was a loss per share of $0.01, with the lowest estimate a loss of $0.13 and the highest earnings of $0.37.

 

Carnival Corp & plc to publish first quarter interims on Friday, 9 March

  • Written by Kari Reinikainen
  • Category: Top Headlines

Carnival Corp & plc, the world's largest cruise shipping group, will publish interim report for the first quarter of its financial year on Friday, 9 March.

The median forecast of analysts in New York and London predicts the group to report a loss per share of $0.01, with the lowest estimate a loss of $0.13 and the highest earnings of $0.37.


European river cruises attracted 80,000 UK passengers in 2011

  • Written by Kari Reinikainen
  • Category: Top Headlines

European river cruising is on the up as more Brits chose to sail the region’s waterways in 2011. Figures released by the Passenger Shipping Association (PSA) show the number of UK  passengers increased by 7% in 2011 to 80,000 persons. The growth rate was two percentage points higher than that of ocean cruises.

The number of British passengers choosing a combined cruise along both the Rhine and Danube doubled, while the French rivers of the Rhone and Seine saw a combined increase of 28%  Further afield, the Russian waterways saw an 11% increase while the number of holidaymakers taking river journeys in Asia and China rose by six per cent. 

The trend for cruising the world’s river continued to grow and, with the exclusion of The Nile, saw a 5%  increase in the number of UK passengers enjoying a river cruise. The political unrest in Egypt saw the number of Nile cruises taken by British passengers fall by 57% t to 25,000. The average price paid for a river cruise in 2011 rose to £1,574 compared with £1,367 in 2011 with the total value of the UK river cruise market being approximately £179 million.

As European river cruises in particular continue to grow in popularity, PSA director Bill Gibbons said “The appeal of a river journey has never been stronger. Passengers enjoy panoramic landscapes together with easy access to explore the heart of great cities and towns, and all while just unpacking once.  2012 will see the launch of 12 new river cruise vessels, a number which feature suites and balconies, together with some wonderful new itineraries.”

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