Carnival becomes world’s most profitable travel company

Carnival becomes world’s most profitable travel company

Carnival Corporation has posted record breaking earnings, making it the world’s most profitable leisure travel company for 2010. The US-based cruise company has reported net profits of US$1.98 billion for the full-year ending 30 November 2010, a rise of 10.5% compared to the previous 12-month period. The company’s revenues rose 7.5% year-on-year to US$14.5 billion, US$11.1 billion of which was generated through passenger ticket sales. The Miami-based company, which operates Princess Cruises, Holland America Line and Carnival Cruise Lines, saw its revenue climbed seven percent to US$3.5 billion. Carnival’s Chairman & CEO, Micky Arison, called 2010 “an encouraging year”.

Gary Marshall
Written by:
Gary Marshall
Posted On:
Posted In: