Carnival Corp. Says Its Cruise Business Is Strong, Even in Europe
Photo Credit: The Emerald Princess leaves port in Civitavecchia near Rome. Parent company Carnival Corp. said Monday that business was strong in the third fiscal quarter. Flickr / Raging Wire
Skift Take
Carnival Corp. had a strong quarter at a time when some competitors struggled, but questions will remain about how quickly the industry is growing in China.
The litany of reasons Carnival Corp. could have had a punishing quarter is long: the spread of Zika; terror attacks in Europe; Britain's vote to exit the European Union; huge increases in capacity in China; the strong dollar.
In recent months, rival cruise operators have blamed low prices in China, North Americans' reluctance to travel to Europe, and even lower than expected earnings in the Caribbean for disappointing quarterly results.
Carnival, the world's largest cruise company with 10 global brands, had better news for the third fiscal quarter.
"We have exceeded the high end of our quarterly guidance and we are raising our expectations for the year," Carnival Corp. CEO Arnold Dona
