Carnival Corporation posts loss
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Carnival Corporation has reported a US$15 million loss for its first quarter results.
The cruise giant saw revenues in the quarter drop to US$3.58 billion year-on-year and has seen a rise in bookings, although at lower prices.
“We have experienced a solid wave season, with booking volumes up almost 20% globally surpassing last year’s cumulative advance booking levels, albeit at lower prices. Many guests are booking further in advance, which increases visibility and builds confidence that yield comparisons will turn positive in the second half of 2014,” said Carnival’s president and CEO Arnold Donald.
“Increased interest across our brands is an encouraging indication that our message is resonating as consumers recognise the strong value proposition and exceptional vacation experiences we provide,” he added.
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