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Carnival Corporation reports record full-year and fourth quarter earnings

Luxury cruise
Jennifer Morris
21 December 2016

The world’s largest cruise firm, Carnival Corporation, has reported record full-year and fourth quarter earnings.

Carnival Vista ship

The Miami-based company has reported full year 2016 adjusted net income of $2.6 billion, or $3.45 adjusted EPS (earnings per share), up from $2.1 billion, or $2.70 adjusted EPS, for the full year 2015.

Gross cruise costs including fuel per ALBD (two passengers sharing a cabin) increased 0.2%.

In constant currency, net cruise costs excluding fuel per ALBD increased 1%.

Changes in fuel prices and currency exchange rates decreased earnings by $0.04 per share versus the prior year.