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Carnival Corporation has announced GAAP net income of $391 million, or $0.54 diluted earnings per share, for the first quarter of 2018.
The figures are higher than the GAAP net income for the first quarter of 2017 of $352 million, or $0.48 diluted earnings per share.
First quarter 2018 adjusted net income of $375 million, or $0.52 adjusted EPS, was higher than adjusted net income of $279 million, or $0.38 adjusted EPS, for the first quarter of 2017.
Adjusted net income excludes unrealised gains and losses on fuel derivatives and other net charges, totalling $16 million in net gains for the first quarter of 2018 and $73 million in net gains for the first quarter of 2017.
Revenues for the first quarter of 2018 of $4.2 billion were higher than the $3.8 billion in the prior year.
Carnival Corporation president, Arnold Donald, stated: “We are off to a strong start to the year achieving another quarter of record earnings on record revenues and exceeding the high end of guidance.
“This strong operational execution affirms our efforts to create demand in excess of measured capacity growth and exceed guest expectations once onboard.
“Our guest experience efforts, coupled with our ongoing marketing and public relations programs are clearly accelerating cruise demand across the board to drive cruise ticket prices higher.”
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