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Carnival is world's most profitable cruise line

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    Carnival is world's most profitable cruise line

    Carnival Corporation has posted profits of $1.8 billion (£1.1 billion) for this year to November, making it the world's most profitable cruise company.

    However, this annual figure represented a fall in profits from £2.3 billion (£1.4 billion) last year.

    The European cruise market was the best area of business for the company, with income falling by six per cent compared with 13 per cent in North America.

    As well as operating the Carnival Cruises, the firm also owns Princess Cruises, Cunard Line, P&O Cruises, Costa Cruises and Ocean Village.

    Carnival chief executive Micky Arison said: "Despite an eight per cent capacity increase, the stronger performance of our European brands in this economic environment reinforces our strategy to expand our European presence," reported TravelMole.

    The company claims to have made billions of savings this year as the recession has hit the travel industry.

    Carnival Magic, sister ship to Carnival Dream, is set to be launched in 2011.

    #2
    It would be nice if they restarted paying a dividend again !

    Comment


      #3
      In line with RCCL Carnival made a loss of $148 in thge last quarter.Being the worlds biggest operator Carnival profits fall far short of being healthy.It is the likes of P&O,Princess,Holland America (one brand you forgot to mention) that is keeping them afloat.

      Comment


        #4
        Originally posted by coolcruiser, Wakefield View Post
        In line with RCCL Carnival made a loss of $148 in thge last quarter.Being the worlds biggest operator Carnival profits fall far short of being healthy.It is the likes of P&O,Princess,Holland America (one brand you forgot to mention) that is keeping them afloat.
        Do you mean that Carnival Cruises isn't very profitable at the moment? They aren't coming to Europe this year, are they? ( Excuse me, even tho' Wakefield born, I'm a bit thick!) You mention 3 lines which seem to be pretty much the same.....what about Cunard? Costa? And was OV profitable, or is that why it's being moved? Thanks- Jo.
        Jo.

        Comment


          #5
          Originally posted by Walker, Seascale View Post
          Do you mean that Carnival Cruises isn't very profitable at the moment? They aren't coming to Europe this year, are they? ( Excuse me, even tho' Wakefield born, I'm a bit thick!) You mention 3 lines which seem to be pretty much the same.....what about Cunard? Costa? And was OV profitable, or is that why it's being moved? Thanks- Jo.
          The lines mentioned ALL belong to Carnival !! Yes OV was always full and profitable but the ships were getting old. Ventura has taken over OVs role. and includes many of that lines innovations. After all Ocean Village WAS P & O's venture. Then P&O (which owned Princess and Ocean Village) sold the cruise side of their business to Carnival.
          Slave to the Deal

          Comment


            #6
            Right!- getting my head round it now.....So OV was set up BEFORE P&O were sold off?
            Was the sell-off P&O, OV and Princess- together?
            Thanks- Jo.
            Jo.

            Comment


              #7
              This is from an American site -vacationstogo.co- which seems to be more positive about next year.

              "Bookings during the fourth quarter of 2009 have been dramatically better than during the fourth quarter of 2008, for ocean-going cruises, river cruises, escorted tours and more. It now appears that there will be far more Americans and Canadians vacationing abroad in 2010 than there were in 2009."
              Last edited by Retired, Sheffield; 22nd December 2009, 04:32 PM.

              Comment


                #8
                This is what Carnival have acquired over the last few years , making it the largest cruise company afloat!!

                Company Description
                Carnival plc is a cruise and vacation company. The Company has a portfolio of cruise brands and is a provider of cruises to all vacation destinations. The cruise brands of the Company includes Carnival Cruise Lines, Princess Cruises (Princess), Costa Cruises (Costa), Holland America Line, P&O Cruises, AIDA Cruises (AIDA), Cunard Line (Cunard), Ibero Cruises (Ibero), Ocean Village, P&O Cruises Australia and The Yachts of Seabourn (Seabourn). In addition to the cruise operations, the Company owns Holland America Tours and Princess Tours, the cruise/tour operators in the State of Alaska and the Yukon Territory of Canada

                You've probably sailed on one of these lines and not realised it is owned by Carnival!

                Comment


                  #9
                  Originally posted by Retired, Sheffield View Post
                  This is what Carnival have acquired over the last few years , making it the largest cruise company afloat!!

                  Company Description
                  Carnival plc is a cruise and vacation company. The Company has a portfolio of cruise brands and is a provider of cruises to all vacation destinations. The cruise brands of the Company includes Carnival Cruise Lines, Princess Cruises (Princess), Costa Cruises (Costa), Holland America Line, P&O Cruises, AIDA Cruises (AIDA), Cunard Line (Cunard), Ibero Cruises (Ibero), Ocean Village, P&O Cruises Australia and The Yachts of Seabourn (Seabourn). In addition to the cruise operations, the Company owns Holland America Tours and Princess Tours, the cruise/tour operators in the State of Alaska and the Yukon Territory of Canada

                  You've probably sailed on one of these lines and not realised it is owned by Carnival!
                  Thanks- I did read that HAL and Princess had much of Alaska's touring industry tied up, and that other cruise lines had some difficulties in that area because of it.
                  If some of Carnival's lines aren't doing so well,
                  do you think they'll sell them on? I'm finding it all very fascinating!- Jo.
                  Jo.

                  Comment


                    #10
                    Profit and loss

                    If you want the shareholders happy you make a profit

                    If you want to keep the bank happy its turnover :o
                    There is a lot more to accounts than meets the untrained eye

                    With all the new ships across the board they are in a good position for the recovery & ready to maximize profit :D

                    Comment


                      #11
                      Originally posted by spartan, kent View Post
                      If you want the shareholders happy you make a profit

                      If you want to keep the bank happy its turnover :o
                      There is a lot more to accounts than meets the untrained eye

                      With all the new ships across the board they are in a good position for the recovery & ready to maximize profit :D
                      i would never think of saying about "cooking the books"

                      Comment


                        #12
                        Last edited by Retired, Sheffield; 23rd December 2009, 08:02 PM.

                        Comment


                          #13
                          God bless accountants, huh?

                          Yes Spartan, it's called massaging the figures! :D

                          ___________________________________________

                          The headline from the original poster refers to the Carnival Cruise Line
                          when in fact the truth may be closer to the Carnival Corporation, headquartered in Miami.

                          http://en.wikipedia.org/wiki/Carnival_Corporation_&_plc


                          That aside,
                          I wouldn't be at all surprised that Carnival Cruise Line is indeed the most profitable line
                          -they are hugely popular with Middle America, and give good value for money!


                          The Carnival Corporation is a much larger entity than the Carnival Cruise Line
                          which it owns -along with Yachts of Seabourn, P & O,
                          Princess, Holland America, Cunard, Costa, etc.

                          Read the Wikipedia entry (above URL) !

                          Carnival Corp. (CCL on the ticker tape..)
                          had a combined fleet of 88 ships! ;)


                          In my six cruises, I'm yet to cruise on a non-CCL ship!
                          .
                          Cruise Ships - Profile Ticker

                          Comment


                            #14
                            God bless accountants, huh?

                            Originally posted by Aplmac, Barbados View Post
                            Yes Spartan, it's called massaging the figures! :D

                            ___________________________________________

                            .
                            My Son-in-Law is really good at massaging ;)

                            Gets a good living from it

                            Better that he takes it than the taxman

                            Comment


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