Carnival Corporation, operator of nearly 100 cruise ships, today announced a 40% increase in full year earnings. Adjusted earnings per share (diluted) of $2.70 for the full year 2015 were reported, up from $1.93 per share in 2014. Group net revenue yields improved by 4.3% on a constant currency basis compared to the prior year, benefiting from higher onboard revenues and increased ticket prices. Operational highlights during the fourth quarter included the grand opening of Amber Cove, a new Carnival Corporation cruise facility on the northern coast of the Dominican Republic, and the launch of P&O Cruises (Australia's) Pacific Aria and Pacific Eden, which have been appointed to suit Australian guests.
Fourth Quarter and Full Year Highlights
Full year 2015 adjusted earnings per share (diluted) of $2.70, compared to $1.93 for the prior year.
Fourth quarter net revenue yields increased 4.1% on a constant currency basis compared to the prior year.
Fourth quarter net cruise costs excluding fuel per available lower berth day ("ALBD") increased 3.2% on a constant currency basis.
Fourth quarter adjusted net income was $389 million, or earnings per share (diluted) of $0.50, before U.S. GAAP unrealized losses (non-cash) on fuel derivatives of $117 million, or $0.15 earnings per share (diluted)
Management noted that "At this time, cumulative advance bookings for the first three quarters of 2016 are well ahead of the prior year at slightly higher constant currency prices. First quarter 2016 adjusted earnings per share (diluted) are expected to be in the range of $0.28 to $0.32, compared to $0.20 in the first quarter of 2015."
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