Carnival Q1 Profits Up, But Second Quarter Looks Weak

Friday, March 17, 2000
Carnival Corp. reported that profits rose nearly nine percent in the first quarter, matching Wall Street estimates, but said the outlook for the second quarter was weak.

Officials said net income in the first quarter, boosted by its Millennium cruises, rose to $171.5 million from $157.8 million a year earlier. However, softer ticket pricing and slower booking patterns along with higher fuel costs are expected to cause earnings for the second quarter to be slightly lower than last year, officials said.

Carnival believes earnings for the second half of the year will be stronger, and estimated that for the entire year, earnings will rise eight to 10 percent from 1999.

Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


MECNW Appoints New CEO

Terry Weston has been confirmed as Chief Executive of Maritime and Engineering College North West (MECNW) following the retirement of his predecessor, Jim Teasdale, at the end of September.

MacGregor's Deck Machinery for Sentinel Marine ERRV

MacGregor, part of Cargotec, will supply deck machinery for a new 65m emergency rescue & response vessel (ERRV) for Sentinel Marine. The ship has been designed

Maersk to Install Inmarsat's Entertainment Service

The leading provider of global mobile satellite communications services, today announced that Maersk Tankers, the owner and operator of one of the world’s largest fleets of product tankers,

Cruise Ship Trends

Abu Dhabi Ports Welcomes New Cruise Season

As Abu Dhabi's new Zayed Port cruise terminal opens by the end of this year, the number of cruise ships docking in Abu Dhabi is set to increase by a fifth this season, reports the National.

Cruise Critic Awards Best Cruise Lines of 2015

Online cruise guide Cruise Critic has announced the winners of its annual Editors' Picks Awards for 2015, revealing the industry's top performers in a variety of different categories.

Becker Marine, Kotug Sign MOU for LNG Hybrid Barge

Press release - Becker Marine Systems and KOTUG signed a Memorandum of Understanding to launch a LNG Hybrid Barge in the Port of Rotterdam with effect from June 2017.

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1303 sec (8 req/sec)