Carnival income up

Carnival income up

CARNIVAL Corporation has reported a rise in its adjusted net income for the full year 2017, despite facing voyage disruptions due to hurricanes and increased cruise costs during the period.

The company announced a US GAAP net income for the full year 2017 of US$2.6b, compared to US$2.8b for the prior year.

“Our full year performance was led by over 4.5% growth in ticket prices while overcoming a variety of headwinds,” Carnival Corporation president and ceo Arnold Donald said.

Looking forward, cumulative advance bookings for full year 2018 are ahead of the prior year at higher prices and Carnival expects full year 2018 net revenue yields in constant currency to be up approx 2.5%.

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Source: traveldaily