Carnival reports revenue increase

Carnival Corporation & plc has
reported a revenue increase in the first quarter of 2010 compared to the same
time last year.

Passenger ticket revenue for the
cruise ship company went up from US$2.2 billion to $2.4 billion, with total
revenue totalling 3.1 billion compared to 2.9 billion in the first quarter of
2009.

However, net income was $175
million for the three months ending on 28 February compared to $260 million for
the same period last year.

Chairman and CEO Micky Arison said
that they were encouraged by their results as pricing continued to rebound from
last year’s lows.

“During the quarter, the booking
environment continued to improve for our North American brands and we achieved
stronger than expected pricing on close in bookings. In addition, we continue
to realize significant cost savings worldwide, though the strength of our
performance was masked by rising fuel prices.”

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