Carnival Cruise Line
The impact of the U.S. government recommendations to carnival cruise line
By Ari Permana
carnival cruise line ship
Carnival cruise line is one of the biggest operators of vacation cruise liners in the world. And over 7 million passengers were carried by 81 cruise liners belongs to carnival cruise line. Around 44% of global cruise industry is commanded by Carnival cruise line. It has been undergoing image overhauling recent years that carnival cruise line is considered to be the “fun ship” cruise line for the 20-something crowd
In September of 2009, the company schedules to build the newest and the biggest carnival ship. It’ll carry 3600 passengers and weigh in at 130,000-tons, only sailing on short trip in Europe after inauguration and it will be relocating to 7-day Caribbean cruises in Florida. Carnival’s newer ships reflect a main-stream.
During the quarter the company reached the revenue of $2.9 billion and earning $264 million, or $0, 33 per diluted share. During the same quarter a year ago, they gained the net income of $390 million, or $0.49 per share.
The impact of the U.S. Centers for Disease Control’s advices against non-essential travel to Mexico is disruptions of its Mexican cruises approximately $0.03 per share had been reduced by the impact to the carnival’s earnings. It would have been even higher because of that.
Currently, the fuel prices are also a big problem for the operation since its high. The booking volumes are successfully increasing 26% ahead of a year ago, since March. It really makes a big help to cover a huge deficit in second half booking caused by global economic slowdown.
The overall amount of business for the second of half of 2009, the booking volumes stays three percentage points lower than this time a year ago. Even with the surge in bookings. They are still “significantly lower levels” with the prices for cruises in the second half of the year than in the past.
