Carnival Corporation has reported net income of $89.8 million or earnings per share of $0.32 on revenues of $452.8 million for its second quarter ended May 31, 1995 compared to net income of $77.9 million or earnings per share of $0.28 on revenues of $409.4 million for the second quarter of 1994.
Net income for the quarter included other income of $3.8 million, including a gain on the sale of the company's interest in Epirotiki Cruise Line.
Net income for the six-month period was $157.3 million, or $0.56 per share, on revenues of $872.6 million compared to net income of $142.9 million, or $0.51 per share, on revenues of $794.7 million for the same period last year.
Carnival Corporation achieved an average occupancy level of 100.3 percent carrying 354,000 passengers in its second quarter of this year compared to an average occupancy level of 101.2 percent and 318,000 passengers in the same quarter last year.
For the six-month period, the company achieved an average occupancy level of 100.1 percent this year compared to 100.7 percent last year and carried 697,000 passengers this year compared to 632,000 passengers last year.
Micky Arison, Chairman and CEO of Carnival Corporation, said the company was pleased with the results. "Holland America Line continued to experience softness throughout its Caribbean season which impacted the second quarter. However, our Carnival Cruise Lines division performed very well and appears on its way to having its best year ever," Arison said.
Arison also said that HAL's Alaska bookings were strong and, coupled with Carnival Cruise Lines' heavy summer business, he expects improved performances by both cruise lines for the third quarter.
He pointed out, however, that the costs associated with the recent fire aboard the Celebration could approximate up to five cents per share during the third quarter. At press time, Carnival's shares traded for $23 on the New York Stock Exchange compared to a 52-week high/low of $26 5/8/$19 1/8.