Carnival Corporation has announced adjusted net income of $370 million, or $0.49 diluted EPS for the second quarter of 2016.
This is compared to adjusted net income for the second quarter of 2015 of $193 million, or $0.25 diluted EPS.
Carnival Corporation president Arnold Donald stated: “Our strong second quarter demonstrates continued momentum as we again achieved a near doubling of adjusted earnings per share.
“Our ongoing effort to drive demand for our brands in excess of our measured capacity growth has led to increased revenues and helped maintain the mid-point of our full year earnings guidance despite the recent currency movements and rises in fuel prices that combined represent a negative $0.17 per share.”
Donald also noted several major milestones that will contribute to the future of the company including the re-mastering of Queen Mary 2, the opening of Holland America’s Denali square complex in Alaska and the introduction of AIDA Cruises’ AIDAprima, Holland America Line’s Koningsdam, and Carnival Cruise Line’s Carnival Vista.
In addition, building on a legacy of pioneering achievements, Carnival Corporation became the first cruise company to begin operating voyages from the US to Cuba in more than four decades through its Fathom brand.
For the second quarter of 2016, US GAAP net income, which included unrealized gains on fuel derivatives of $242 million and $7 million of other expenses, was $605 million, or $0.80 diluted EPS.
For the second quarter of 2015, US GAAP net income was $222 million, or $0.29 diluted EPS.
Revenues for the second quarter of 2016 were $3.7 billion compared to $3.6 billion for the prior year.