On today's financial scene the market took a dive. But Carnival Corporation had good news for investors, or so it appears.
"The cruise-ship company has benefited in recent quarters from broad-based booking strength and lower fuel costs. Fuel prices dropped 46% from a year earlier, a steeper drop than the company had projected.
Meanwhile, Carnival lifted ticket prices. "We have begun to sell at higher prices than the same time last year, particularly close to departure," said Chief Executive Arnold Donald. Bookings for the first three quarters of 2016 are ahead of the prior year at slightly higher prices, the company said, though ticket revenue is down from the same period last year."