Carnival rides the waves as net revenue yields fall in third quarter

Cruise operator Carnival posted a year-on-year decline in net revenue yields for the third quarter to the end of August despite continuing strength in fleetwide booking volumes and pricing trends since June.

Cruise operator Carnival posted a year-on-year decline in net revenue yields for the third quarter to the end of August despite continuing strength in fleetwide booking volumes and pricing trends since June.

Net revenue yields (NRY) in constant dollars fell 5.3%, or 2.1% excluding Costa, compared to the same period the previous year. NRY for 2012 are expected to be flat, or slight down on the same period last year. Including Costa, this will be a decline of 3.0%.

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