Carnival Corp. earns $1.21 billion in its third quarter

Carnival Corp. said net income in its third quarter fell 2% from the same period a year earlier, from $1.24 billion to $1.21 billion. Revenue stayed roughly unchanged at $4.9 billion.

The quarter includes an unrealized loss on fuel derivatives of $137 million. On an adjusted basis, Carnival said it earned $1.4 billion, the highest quarterly amount in its history.

Carnival said net revenue yields, a measure of ticket price and occupancy, improved 5% from the same quarter in 2014.

“Clearly our ongoing investments in the guest experience, combined with our global marketing and public relations efforts along with our initiatives to leverage our scale, are having a positive impact,” Carnival Corp. CEO Arnold Donald said.

Carnival UK reveals major restructure

Princess Cruises’ UK boss Paul Ludlow is to switch brands and take the helm at P&O Cruises.

The announcement comes as part of a major restructure of the commercial teams for P&O Cruises and Cunard less than a week after the shock announcement that Carnival UK’s chief commercial officer Gerard Tempest was to exit the business after two years.

Ludlow’s new role as senior vice-president of sales and marketing for P&O Cruises will also see him take responsibility for sales support, guest insight and the digital teams of both P&O Cruises and Cunard.

Cunard is now recruiting for the role of senior vice-president of sales and marketing.

As part of the restructure, sales and distribution director Chris Truscott will be leaving the business.

Head of partner sales, Jeremy McKenna, will lead the agency sales team for both brands, reporting directly to Ludlow in the interim period until the new Cunard role is appointed.

P&O Cruises marketing director, Christopher Edgington, will report into Paul Ludlow and Cunard’s Angus Struthers will report into the equivalent for Cunard when appointed.

Carnival UK chief executive, David Noyes, said that bringing sales and marketing together in one role would help Cunard and P&O Cruises create more momentum for the brands.

“I am delighted to appoint Paul to this critical role. Paul’s 15 years of experience within our company makes him an ideal fit to lead the sales and marketing teams for P&O Cruises to ensure sustained growth of the brand.

“Chris Truscott leaves this business in a significantly better position than the one he joined. He should be proud of what he has achieved and the relationships he has built.”

Ludlow said: “Following the launch of Britannia in March, which positioned P&O Cruises at the forefront of the nation’s mind, there has never been a more exciting time for the company.

“The potential for the industry as a whole is vast and I am determined, through giving a seamless, exemplary guest experience, working closely with our travel agent partners, to develop this growth to the maximum for P&O Cruises.”

During his time at Princess Cruises, Ludlow oversaw the creation of an individual sales team and commercial operation for the brand. He led the team which launched Royal Princess, named by the Duchess of Cambridge, and also oversaw the launch of new travel agent tools such as the recently-launched booking portal OneSource.

Princess Cruises is now recruiting for Ludlow’s replacement.

Queen Mary 2 to get major refurbishment in 2016

NEW YORK — At an event commemorating the 175th anniversary of Cunard, the line’s North America president, Rick Meadows announced some additional features and major refurbishments for the 11-year-old Queen Mary 2 to be added during a 25-day drydock next year.

The flagship of Cunard Line will for the first time get 15 single-occupancy cabins. During the drydock, workers will also install 30 more Britannia Club Balcony staterooms that come with anytime dining privileges in the Britannia restaurant.

A unique feature of the Queen Mary 2, the dog kennels, will be expanded. Currently there are accommodations for 12 dogs or cats and another 10 kennels will be added.

Also coming will be a statuary lamp post and fire hydrant in the dog walking area, a feature first introduced on the QM2’s flagship predecessor, the Queen Elizabeth 2.

Parent company Carnival Corporation chairman Micky Arison, CEO Arnold Donald, Cunard CEO David Noyes, Holland America Group CEO Stein Kruse and Carnival Cruise Line president Christine Duffy were among the company executives who joined travel agents, former Cunard officers, descendants of the line’s founder Samuel Cunard and media in celebrating Cunard’s anniversary.

Commodore Ron Warwick (Ret.), the first master of the Queen Mary 2, with Valerie Wilson Travel International co-president Jennifer Wilson and Cunard North America President Rick Meadows at the celebration of the 175th anniversary of Cunard. The Queen Mary 2 is in the background, just above Wilson. Photo Credit: Arnie Weissmann
Commodore Ron Warwick (Ret.), the first master of the Queen Mary 2, with Valerie Wilson Travel International co-president Jennifer Wilson and Cunard North America President Rick Meadows at the celebration of the 175th anniversary of Cunard. The Queen Mary 2 is in the background, just above Wilson. Photo Credit: Arnie Weissmann

 The Queen Mary 2 herself also made an appearance, pausing in New York Harbor to put on a light show for the crowd before heading out on a transatlantic crossing.

Other new features will be announced later. The QM2 is scheduled to emerge from drydock June 21, 2016.

Arnie Weissmann contributed to this report.