Financial Times FT.com

Fuel costs prove a drag for Carnival

By Roger Blitz in London

Published: September 18 2008 22:57 | Last updated: September 18 2008 22:57

Fuel costs have continued to overshadow Carnival’s performance, rising by 77 per cent and bearing down on the cruise operator’s profits.

The global market leader, which has 11 brands, including P&O Cruises and Cunard Line, said advance bookings for the rest of the year and the first half of 2009 were “slightly behind” the previous year. Ticket prices for these bookings were at higher levels, Carnival said.

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