![]() ![]() ![]() Pesky fuel costs ate into Carnival's margins as gross cruise costs per available lower-berth day (including fuel) rose a stubborn 8.6% for the quarter. Adjusted net income - essentially backing out the volatility of unrealized gains and losses on fuel derivatives and other net charges - declined nearly 10% to $338 million, or $0.49 a share. Things aren't as kind on the bottom line at first glance. Carnival has routinely landed ahead of its guidance on that front. ![]() Net revenue yields adjusted for currency fluctuations rose 0.5%, just above the flat results that Carnival was targeting on that basis three months ago. Gross revenue yields - a key gauge for measuring a cruise line's health that basically tracks the revenue per available lower-berth day - rose 5.8%. Part of the P&O fleet, owned by Carnival. ![]()
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