Carnival cruise operator sees profits beat expectations

Giglio Port More than 30 people died when the Costa Concordia ran aground in January this year

Related Stories

Cruise ship operator Carnival has reported profits that beat analysts' expectations, sending shares higher.

Carnival had said in March that the sinking of its Costa Concordia cruises ship in January could wipe out profits this year as people shunned cruises.

However, on Tuesday the firm reported that profits were $1.33bn (£819m) in the third quarter, compared with $1.34bn in the same period last year.

Shares in the firm in New York rose more than 3%.

Thirty-two people died in the shipwreck in January, which an official report blamed the captain of the Costa Concordia for causing, as well as assigning some responsibility to Costa, which is owned by Carnival.

The Costa Concordia still lies next to the rocky outcrops off Giglio Island in Italy's Tuscan coast.

Emerging markets

Carnival said it had managed to generate more money from its cruise passengers.

"The significant efforts of our brand management teams were successful in partially mitigating the decline in cruise ticket prices," said chairman and chief executive Micky Arison.

The company also plans to focus on emerging markets.

"For 2013, the company will capitalise on the increasing popularity of cruising in Asia with the deployment of a second Costa ship in China and the launch of a new Princess Cruises program for the Japanese market," it said.

Costa Cruises is a subsidiary of Carnival and runs some of the company's total fleet of 100 ships. Other brands include Carnival, P&O, Cunard, Holland America, Princess and Seabourn.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories


Features & Analysis

  • Cartoon of women chatting on the metroChat wagon

    The interesting things you hear in a women-only carriage

  • Replica of a cargo boxSpecial delivery

    The man who posted himself to the other side of the world

  • Music scoreFinal score Watch

    Goodbye to NYC's last classical sheet music shop

  • Former Secretary of State Hillary Rodham Clinton checks her Blackberry from a desk inside a C-17 military plane upon her departure from Malta, in the Mediterranean Sea, bound for Tripoli, Libya'Emailgate'

    Hillary gets a taste of scrutiny that lies ahead

Elsewhere on the BBC

  • Woman standingMysterious miracle

    It's extremely unusual and shouldn't give false hope, but what makes the body beat cancer on its own?


  • A cyborg cockroachClick Watch

    The cyborg cockroach - why has a computer been attached to this insect’s nervous system?

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.