Carnival profits fall 30%
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
The biggest cruise company in the world, Carnival Corporation, saw its share price fall by 5.6% yesterday after it announced deflated results for its third quarter.
The company, which owns the likes of P&O, Carnival Cruise Lines and Holland America, said that while revenues were up 0.9% on the previous year, profits were down because of other costs.
However, advance bookings against 2012 are down.
“While some of our current challenges and cost pressures will continue well into next year, we have tremendous opportunities to enhance shareholder value over time. I have spent my initial months gaining a much deeper understanding of our people and our operations,” explained Carnival CEO & president Arnold Donald.
“The dedication and enthusiasm of our employees is a great foundation to build upon as we strive to achieve even greater success in consistently exceeding the expectations of our guests. We are investing in gaining an even deeper understanding of what drives consumer vacation decisions and onboard enjoyment. This bodes well for attracting first time cruisers as well as powerfully differentiating our brands relative to others,” he added.
Comments are closed.