Cunard keeps Carnival afloat
Sunday 13 December 2009
Carnival, the world's largest luxury cruise ship operator, is expected to announce buoyant full-year results on Thursday with its premium brand, Cunard, keeping its bottom line afloat.
Peter Shanks, managing director of Cunard, which operates the luxury Queen Mary 2, said that it will post a "very strong" profit this year and grow revenues by more than 30 per cent over the next two years, thanks to the Queen Elizabeth, a new $700m liner.
In its late September update for the three months to 31 August, Carnival lifted its 2009 earnings forecast. This was fuelled by bookings for the next three quarters, which were 19 per cent ahead of 2008 levels, spurred in part by heavy discounting.
Mr Shanks said Cunard's revenues grew by 6 per cent in 2009 and he expects 5 per cent growth next year. At the end of 2007 Cunard got a $100m windfall by selling the Queen Elizabeth 2 liner to UAE property company Nakheel. Mr Shanks said it was a "very shrewd, if not lucky, move", since it scaled the company down to two ships just as the recession hit.
- 1 Germanwings crash: Police make 'significant discovery' at home of co-pilot Andreas Lubitz
- 3 Zayn Malik already working on solo material, just days after quitting One Direction
- 4 The West has it totally wrong on Lee Kuan Yew
- 5 #FreeTheNipple: Women in Iceland bare breasts in solidarity with trolled student
Zayn Malik gives first interview since quitting One Direction: 'I've never felt more in control of my life'
Germanwings crash: Police make 'significant discovery' at home of co-pilot Andreas Lubitz
Germanwings captain Patrick Sondenheimer tried to break into locked cockpit door 'with an axe' as plane was descending
Saudi Arabia says it won't rule out building nuclear weapons
#FreeTheNipple: Women in Iceland bare breasts in solidarity with trolled student
Nigel Farage brands LGBT activists 'filth' and 'scum' and accuses them of scaring away his children after they invade his local pub
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
JK Rowling responds to fan tweeting she 'can't see' Dumbledore being gay
Russia threatens Denmark with nuclear weapons if it tries to join Nato defence shield
Jeremy Clarkson sacked live: Alan Yentob 'wouldn't rule out' ex Top Gear host's BBC return
Germanwings plane crash live: Andreas Guenter Lubitz intentionally crashed flight 9525 into the Alps in act of mass murder and suicide – latest
iJobs Money & Business
Negotiable: Recruitment Genius: To provide a prompt, friendly and efficient se...
Negotiable: Recruitment Genius: You will be the first point of contact for all...
£18000 - £24000 per annum + benefits: Ashdown Group: HR, Payroll & Benefits Of...
£35000 - £38000 per annum + benefits : Ashdown Group: A highly successful, int...