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Carnival Corp: 2009 Cruise Bookings Running Behind

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By TED JACKOVICS | The Tampa Tribune

Published: December 19, 2008

Carnival Corporation has reported that advance bookings for 2009 cruises are running behind those from this year, with ticket prices for new bookings also at lower levels.

"As expected, 2009 is shaping up to be a challenging year in the travel industry," Carnival chairman and chief executive Micky Arison said in a report Thursday on fourth quarter earnings.

Carnival Corp. which includes 11 brands including Carnival Cruise Lines and Holland America Line, reported income of $371 million or 47 cents a share on revenue of $3.3 billion for the fourth quarter ended Nov. 30, compared with income of $358 million or 44 cents a share on revenue of $3.1 billion for the year-ago period.

Included was a $31 million gain on the sale of Cunard Line's Queen Elizabeth 2.

For the year, Carnival Corp. earned $2.3 billion or $2.90 a share on revenue of $14.6 billion compared with earnings of $2.4 billion or $2.95 a share on $13 billion revenue in 2007.

Carnival is the business cruise ship operator from the Port of Tampa.

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