Carnival Still Sees Demand for Cruises Despite Industry Problems

Shares of Carnival are falling on Tuesday after the cruise operator, dragged down by losses on fuel derivatives. However, the company still beat earnings expectations on stronger-than-expected ticket sales.
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Shares of Carnival are falling on Tuesday after the cruise operator said it swung to a fiscal first-quarter loss, dragged down by losses on fuel derivatives. However, the company still beat earnings expectations on stronger-than-expected ticket sales. The company is still seeing demand for cruises, despite a wave of recent problems like power outages and illnesses that have plagued the industry. In fact, Carnival CEO Arnold Donald said many guests are booking tickets further in advance.

Brittany joined TheStreet.com TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.