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Latest News...Oceania Cruises today announced its newest ship Allura will enter service one week earlier than scheduled. Due to join the fleet in summer 2025, her inaugural sailing will now depart Trieste, Italy, on July 18, 2025, cruising six days to Athens, Greece, calling at gems in the Eastern Mediterranean including Rijeka, Croatia; Ravenna, Italy; Dubrovnik, Croatia; and Kotor, Montenegro...
Latest News...Carnival Cruise Line expects Carnival Pride to resume sailing from the Port of Baltimore on May 26, continuing the cruise line’s year-round homeport schedule.Carnival Pride is expected to arrive in Baltimore on May 26, following a week-long cruise that embarked in Norfolk, Va., where Carnival temporarily moved its Baltimore operations after the collapse of the Key Bridge...
Latest News...For the first time ever, Celebrity Edge, the ship that introduced the revolutionary outward-facing design, calls Alaska home for the summer. Today, Celebrity Edge will embark on her maiden sailing roundtrip from Seattle on a seven-night Dawes Glacier itinerary with stops in Juneau, Ketchikan, and Skagway. Through its unique outward facing design, Celebrity Edge will offer guests...
Filed at 8:12 a.m. ET
MIAMI ( Reuters) - Carnival Corp. (CCL.N), the world's biggest cruise group, on Friday reported declining quarterly profits, as worries about war in Iraq lowered prices for sea vacations.
Carnival, an operator of 45 cruise ships which is sailing toward a merger with No. 3 cruise group, P&O Princess Cruises Plc (POC.L) of Britain, said fiscal first-quarter earnings were helped by an insurance gain and totaled $126.9 million, or 22 cents a share.
A year earlier, Carnival reported profits of $129.6 million, or 22 cents a share, including a smaller nonoperating gain.
Wall Street had expected Miami-based Carnival to earn 18 cents a share in the three months ended Feb. 28, according to research firm Thomson Financial. Forecasts among 11 analysts ranged from 16 cents a share to 20 cents a share.
Carnival shares closed on Thursday at $24.69, up 24 cents, or 1 percent. Over the last six months, the shares have declined about 2 percent as investors lost faith that cruise companies would be able to sustain the bounce-back from lows touched after the Sept. 11 attacks in 2001. The Dow Jones Recreational Products & Services Index declined about 6 percent in the same half year.
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