Air Transportation Costs News

Carnival Cruise Lines has cancelled voyages of the Carnival Splendor through the departure of January 9, 2011, to allow time for repairs following an engine room fire last week. The ship is scheduled to re-enter service on January 16, 2011. Guests who were scheduled to sail on these voyages will receive a full refund of their cruise fare and air transportation costs, along with a 25 percent discount on a future cruise. Carnival Splendor was towed to San Diego following the fire which occurred off the Mexican coast on November 8. A team from the U.S. Coast Guard, NTSB and flag authorities, along with Carnival’s engineers and technicians, is currently on board investigating the cause of the fire.

At approximately 6 am Monday morning, Nov. 8, (U.S. Pacific Standard Time), a fire was detected in the aft engine room aboard the cruise ship Carnival Splendor. The fire was extinguished. There were no injuries to guests or crew. The ship has been operating on auxiliary generators and engineers have been unable to restore additional power to the vessel. Thus far, one tug boat has reached the ship and has begun towing with additional tugs en route to expedite the vessel’s return. Given the ship’s speed and current position, we have decided to take the vessel to San Diego where it is expected to arrive late Thursday. Additionally, we are in the process of making all the necessary hotel and flight arrangements for our guests.

Royal Caribbean Cruises Ltd. announced second quarter earnings were $66.7 million or $0.34 per share. This compares to $81.7 million or $0.42 per share for the second quarter of 2001. Net revenues per available passenger cruise day ("Yields") were down 3.3 percent, which was significantly better than previous guidance of a decline in the range of 5 to 7 percent. ratio was 56.6 percent and liquidity was approximately $1.6 billion. Revenues for the quarter were $821.8 million, essentially unchanged from the same quarter prior year. guests purchasing air transportation from the company. on a per available berth day basis. fact significantly higher, at 13.2 percent. associated with lower ticket prices. be accurate. "Get Out There" campaign.