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Carnival’s profits race ahead


THE CARNIVAL Corporation has announced a profit of $203.3m for the quarter ending May 31 – up from $160.6m in the same period last year.



The cruise company said the rise in earnings was driven by an increase in capacity, following the introduction of Carnival Cruise Line’s non-smoking vessel Paradise and Windstar’s ship Wind Surf.



However, it admitted that Cunard Line, in which it acquired a 68% stake last year, had not had a significant impact on profits for the quarter.



Cunard’s turnover during this period was $92.6m. Total turnover for the quarter was $796.1m, compared with $661.4m the previous year.


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