SwissMyst
September 21st, 2011, 10:52 AM
From our local paper financial section is a small feature called "CompanySpotlight" which today featured Carnival CCL:
CARNIVAL CRUISES THROUGH THE THIRD QUARTER
"Consumers were worried about the economy during the summer, but they didn't let it crimp their travel plans.
Carnival, the cruise line operator, said it had a strong ticket prices during its peak season. And that gave the company a 3 percent gain in the third quarter earnings. Carnival beat the forecasts of Wall Street analysts.
Cruise companies use a figure called net revenue to measure their strength. Net revenue yield is the money a company makes from passengers after subtracting expenses. Carnival's net revenue yield rose 2.6 percent, better than forecast of 1 percent to 2 percent.
The company did struggle with a 45 percent increase in fuel during the quarter. And it said fuel will continue to be a drag on earnings the rest of the year. But it said it is getting good prices for trips already booked into the first half of 2012."
CARNIVAL CRUISES THROUGH THE THIRD QUARTER
"Consumers were worried about the economy during the summer, but they didn't let it crimp their travel plans.
Carnival, the cruise line operator, said it had a strong ticket prices during its peak season. And that gave the company a 3 percent gain in the third quarter earnings. Carnival beat the forecasts of Wall Street analysts.
Cruise companies use a figure called net revenue to measure their strength. Net revenue yield is the money a company makes from passengers after subtracting expenses. Carnival's net revenue yield rose 2.6 percent, better than forecast of 1 percent to 2 percent.
The company did struggle with a 45 percent increase in fuel during the quarter. And it said fuel will continue to be a drag on earnings the rest of the year. But it said it is getting good prices for trips already booked into the first half of 2012."