Carnival Corporation & plc net income $1.5 billion, new ships ordered
Full year 2014 U.S. GAAP net income was $1.2 billion, or $1.59 diluted EPS, which included unrealized losses (non-cash) on fuel derivatives of $268 million and $20 million of net charges. Full year 2013 U.S. GAAP net income was $1.1 billion, or $1.39 diluted EPS, which included net unrealized gains (non- cash) on fuel derivatives of $36 million and impairments and other charges of $190 million.
Revenues for the full year 2014 were $15.9 billion compared to $15.5 billion for the prior year. Cash from operations for the full year 2014 totaled $3.4 billion compared to $2.8 billion in 2013.
At this time, cumulative advance bookings for the first three quarters of 2015 are ahead of the prior year at slightly higher prices. Since September, booking volumes for the first three quarters of 2015 are running ahead of last year's levels at slightly lower prices driven by transactional currency impacts.
Carnival Corporation & plc announced new cruise ship orders for two of its brands with Fincantieri S.p.A., the world's largest cruise ship building company.
The new cruise ships will be constructed by Fincantieri for Carnival Cruise Line and Holland America Line, two of Carnival Corporation's nine industry-leading brands.
Carnival Cruise Line's as-yet-unnamed 3,954-passenger vessel, which is the 26th ship in the line's fleet, will offer many of the newest and most popular features from Carnival's current ships, along with several innovations that will be exclusive to this vessel.
The delivery date for the new cruise ship is scheduled for March 2018. Homeport and itinerary information will be announced at a later date.
The new ship will be a sister ship to Carnival Vista, which is slated for delivery in spring 2016. Carnival plans to announce details on the many unique features and innovations of Carnival Vista during a three-day event for media, travel agents and consumers in New York Jan. 22-24, 2015. ■