The cruise industry is on a bit of a high at the moment, and so comes as no surprise that Carnival Corporation has reported healthy non-GAAP net income of $1.4 billion, which equates to $1.75 per share and a total revenue of $4.9 billion for Q3 2015. Total revenues were down on a day-to-day basis per passenger compared to the same period last year, but a healthy profit was still made because Carnival have reduced costs.
This bodes well and we suspect that Carnival Corporation will report even greater profits for Q4 2015, what with costs being down, and also Black Friday coming up, things should really work out well for the cruise company.
Carnival has been very clever in the way that they have managed to reduce nearly every aspect of the operating costs, although fuel has paid the biggest part thanks to the price of fuel falling over the past several months.
Another positive is how all of the Carnival brands carried more passengers in this quarter compared to the same period in 2014. This proves that the cruise industry is still growing, and will only get even better with new ships being introduced across the different brands. More details here.