THE Carnival Corporation, currently involved in a takeover
bid for P&O Princess Cruises, has seen its net income drop sharply for the
year ending November 30, 2001.
The company’s results show net income for the year fell to
$926.2 million, down from $965.5 million in 2000. Net income for the fourth
quarter was hit particularly hard and fell by $33 million.
The fall is being blamed on the September 11 terrorist
attacks, although the company remains upbeat.
Carnival corporation chairman and chief executive officer
Micky Arison said: “In light of the significant impact of the September 11
events on the vacation market, the achievement of quarterly net income of more
than $116 million with occupancies of 98% is a testament to the strength of our
vacation products.”