Carnival Profit Doubles from Lower Fuel Costs

IndustriesReuters

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

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.

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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)

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