Arison reiterates newbuilding pace, focus on emerging markets, says old ships could be sold
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 25 September 2012 25 September 2012
Micky Arison, Chairman and CEO of Carnival Corp & plc, said that in keeping with the company’s previously stated strategy of introducing two to three new ships per year, the company has seven new ships scheduled for delivery between 2013 and 2016, some of which will replace existing capacity reductions from possible sales of older ships.
Arison also noted that the company expects to direct capacity growth toward the continued development of emerging cruise markets. The company has almost tripled its guest sourcing from emerging cruise markets in the past five years. For 2013, the company will capitalize on the increasing popularity of cruising in Asia with the deployment of a second Costa ship in China and the launch of a new Princess Cruises program for the Japanese market, he said in a statement.
Arison stated, “Looking forward, we remain committed to a measured pace of newbuilds and achieving a strategic balance of supply and demand in established markets.” Arison added, “Our lower capital commitments should result in significant excess free cash flow in the coming years which we intend to return to shareholders.”
Carnival trims 2012 EPS guidance
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 25 September 2012 25 September 2012
Carnival Corp & plc, the world’s largest cruise shipping group, has slightly narrowed the range of its forecast for earnings per share (EPS) for rthe finanxial year to 30 November 2012.
“For full year 2012, higher net revenue yield expectations and improvement in costs compared to June guidance have been offset by $0.13 per share of higher fuel prices and unfavorable changes in currency exchange rates. Taking all the above factors into consideration, the company forecasts full year 2012 non-GAAP diluted earnings per share to be in the range of $1.83 to $1.87, in line with the midpoint of the June guidance range of $1.80 to $1.90 per share,” the company said in a statement.
Carnival says bookings continue to firm but remain behind last year
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 25 September 2012 25 September 2012
Carnival Corp & plc, the world’s largest cruise shipping group, says that since June, fleetwide booking volumes and pricing trends for the remainder of fiscal 2012 and first half of 2013 have continued to strengthen, but remain behind prior year. The group’s financial year ends on 30 November.
“For the last six weeks, booking volumes excluding Costa have increased 9% versus the prior year at prices in line with last year’s levels. Over the same period, booking volumes for Costa have also increased 9% albeit at lower prices. For the remainder of the year and first half of 2013, cumulative advance bookings excluding Costa are still behind the prior year at slightly lower prices.
For Costa, cumulative advance bookings have shown considerable improvement but are still five occupancy points behind the prior year at lower prices over the same period.
Chairman and CEO Micky Arison commented: “The pace of booking volumes remains healthy enabling us to continue to catch up on occupancy levels, while pricing has gradually improved. Both of these trends leave us well positioned for a recovery in cruise ticket prices beginning in the second quarter of 2013.”
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