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  • Writer's pictureJason Leppert

Carnival Corporation Reports Record Earnings for Second Quarter 2016

Despite Brexit-influenced challenges in share prices currently affecting the cruise industry, Carnival Corporation has reported a second quarter 2016 adjusted net income of $370 million. That is up from $193 million in the same period of 2015, marking a substantial 92 percent increase. Overall revenue clocked in at $3.7 billion for the quarter, similarly above the $3.6 billion recorded last year.

Carnival Corporation & plc President and CEO 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 to represent a negative $0.17 per share.”

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