Carnival Profit Doubles from Lower Fuel Costs

Industries Reuters

Carnival Corp's (CCL) quarterly profit more than doubled due to lower fuel costs.

Continue Reading Below

The world's largest cruise operator's net income rose to $222 million, or 29 cents per share, in the second quarter ended May 31, from $98 million, or 13 cents per share, a year earlier.

Excluding a $34 million benefit from unrealized gains on fuel derivatives, Carnival earned 25 cents per share.

Revenue fell 1 percent to $3.59 billion. 

(Reporting by Nayan Das and Ramkumar Iyer in Bengaluru; Editing by Maju Samuel)

Carnival Corporation (CCL) - Stock Price | FindTheCompany