Carnival Corp. Reports Buoyant Third Quarter

Carnival Corp. reported a 12 percent increase in third-quarter earnings based on the introduction of new ships in North America and Europe, stronger pricing on bookings taken closer to departure and stronger demand for Caribbean cruises. Micky Arison, chairman and CEO of Carnival Corp., also added that advance bookings taken for fourth-quarter 2007 and the first half of 2008 are ahead of 2006, with higher pricing. "Our North American brands enjoyed another strong European season, a solid Alaska season and a modest year-over-year improvement in revenue yields in the Caribbean," Arison said. "The recovery in the Caribbean has continued as the demand for Caribbean cruises remains strong."

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