Carnival Corporation has reported net income of $209.5 million or earnings per share of $0.74 on revenues of $672.6 million for its third quarter ended August 31, 1995, compared to net income of $168.8 million or earnings per share of $0.60 on revenues of $600.8 million for the same quarter in 1994.
Net income for the nine-month period was $366.9 million or $1.29 per share on revenues of $1.545.2 million. compared to net income of $311.7 million or $1.10 per share on revenues of $1,395.4 million for the same period last year.
Carnival attributed the improved results to the increased capacity provided by Holland America Line's Ryndam, which entered service in October 1994, and Carnival Cruise Lines' Imagination which entered service in July of 1995.
The summer is seasonally the strongest quarter for Carnival Corporation, and both CCL and HAL posted stronger pricing and higher occupancies.
Carnival also noted that HAL's strategy of establishing a year-round presence in the Caribbean by positioning the Westerdam there this past summer had been successful.
According to Carnival Corp., the company has reported fifteen consecutive quarter-over-quarter increases in earnings, with the last twelve quarters accompanied by improved pricing. Carnival Corp. is now on its way to having its best year ever, according to Carnival Chairman and CEO Micky Arison, who said that based on strong booking levels for the fall season, fourth quarter operating results should stay on the same track established during the tirst nine months.
Carnival Corp. achieved an average occupancy level of 114.6 percent carrying 442.000 passengers in its third quarter of this year compared to a load factor of 113.4 percent and 394,000 passengers for the same period last year.
For the nine-month period, the company-wide fleet achieved an average load facror of 105.1 percent carrying 1.139.000 passengers, compared to 105.0 percent and 1.270.000 passengers last year.