Carnival sees fewer bookings, posts $41M profit

Passengers remain hesitant to book cruises, despite deep discounts. But that didn't stop Carnival Corp. from eking out a $41 million second-quarter profit thanks to lower fuel costs and the timing of some administrative expenses.

The profit was nearly triple the $14 million the world's largest cruise company earned during same period last year, a quarter which it suffered from steep losses on fuel prices bets known as derivatives.

Earnings totaled of 5 cents per share this quarter, up from 2 cents a share last year at this time. Revenue fell 1.7 percent to $3.48 billion.

The Miami-based company also announced Tuesday that Micky Arison, who has been CEO since 1979, is being replaced by and Arnold W. Donald. Arison will continue to serve as chairman of the board.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 212928521 - wkyt.com/a?a=212928521
Gray Television, Inc.