Carnival’s yields are up, and that’s good news for commissions

Carnival’s yields are up, and that’s good news for commissions

MIAMI — Carnival Corporation & plc saw a 3.6% increase in net revenue yields in the second quarter of 2016 and forecasts a 2 – 3% jump in yields for Q3.

The cruise company’s Q2 net income was US$605 million, up from $222 million the year before. Revenues for the second quarter of 2016 were $3.7 billion compared to $3.6 billion for the prior year.

“Our strong second quarter demonstrates continued momentum as we again achieved a near doubling of adjusted earnings per share,” said Carnival Corporation & plc President and CEO, Arnold Donald.

Donald also noted several major milestones that will contribute to the future of the company including the re-mastering of Queen Mary 2, the opening of Holland America’s Denali square complex in Alaska and the introduction of AIDA Cruises’ AIDAprima, Holland America Line’s Koningsdam, and Carnival Cruise Line’s Carnival Vista.

Carnival Corporation also became the first cruise company to begin operating voyages from the U.S. to Cuba in more than four decades through its Fathom brand, generating worldwide media coverage.

Advance bookings for the remainder of the year are well ahead of the prior year at slightly higher prices, said Donald. Since March, bookings for the remainder of the year are at higher prices with volumes running lower than last year because there is less inventory remaining for sale than at the same time in 2015, according to the Q2 report.