Carnival Corporation & plc, the world’s largest cruise shipping group, reported a weaker development in operating and net income and net yields than its smaller peers, Royal Caribbean Cruises ltd (RCCL) and Norwegian Cruise Line Holdings (NCLH), figures released by the three companies show.
Carnival RCCL NCLH
Revenues $4,838 +11.0% $2,107 +20.6% $1,644 +9.3%
Operating income $515 -7.8% $573 +25.1% $309 +5.4%
Net income $451 -19.6% $473 +1.3% $227 +5.7%
All above dollar figures in millions, change compared to second quarter of 2018. Carnival group's financial year begins on 01 December.
Net yield $169.5 -2.6% $211.3 -1.2% $272.2 -0.01%
Net cruise costs $101.5 -4.0% $107.9 -0.9% $150.0 -0.01%
Net cruise costs excluding fuel
Operating income
in per cent of revenues 10.6% 28.4% 18.7%
Carnival was the only one of the three to report a fall in both operating and net income. Its operating margin, net income as percent of revenues, was also the lowest of three majors, calculations made by CruiseBusiness.com show.
