Carnival Cruise Lines has reported a significant increase in revenues and profits for the quarter ending August 31. Yet, the world’s largest cruise ship operators experienced a decline in the value of its stocks. Carnival’s share value declined by more than 4.8% despite reported revenues of 5.8 billion USD (up from 5.5 billion for the corresponding period last year) and profits of 1.7 billion USD for the corresponding period under review, up
from 1.3 billion USD last year. The company’s bookings for the first six months of 2019 created some concern. Cumulative advanced bookings were ahead of last year’s but at prices in line with 2018. Carnival does not expect that this will affect demand during the first half of 2019 and actually expects improvement in revenues in 2019.