Carnival Corporation & plc, the world's largest cruise shipping group, says it expects to achieve an almost 35% earnings rise this financial year as booking curve has lengthened and unsold inventory decreased from a year ago
"In 2015, we are on track to achieve a nearly 35% earnings improvement and we are accelerating progress toward achieving double digit return on invested capital in the next three to four years. Our improved performance has driven even stronger operating cash, which is expected to exceed $4 billion this year. We remain committed to further enhancing shareholder returns as demonstrated by our recent 20% increase in quarterly dividends," Carnival Corporation & plc President and Chief Executive Officer Arnold Donald said in a statement
“Looking forward to 2016, we have driven a significant lengthening of the booking curve and have less inventory remaining for the first half of 2016 than at this time last year, which bodes well for continued year-over-year revenue yield improvement. Although we already have a solid base of business for next year, we are working hard to maintain the momentum through our ongoing initiatives to create additional demand," Donald said.