Do you have Love Boat career aspirations? I suggest turning in your application, stat, with Carnival Cruise Lines. That’s because, despite the recession, Carnival has managed to not just stay afloat — but to actually turn a profit.
At the end of March, Carnival reported earnings per share of $.33, up 10% from the first quarter of 2008.
Is it because so many people are throwing financial caution to the wind and taking week-long Caribbean cruises? Not exactly. Although slashing fares has helped Carnival to keep its numbers from completely sinking. In actuality, the real push toward being in the black for the cruise line came from the steep fall in oil prices. Cheaper fuel has let Carnival keep its costs low — low enough to turn a profit despite the recession.