CARNIVAL Corp, the world’s largest cruise operator, yesterday posted lower quarterly earnings due to higher fuel costs but said prices for its cruises were rebounding. The Miami-based firm posted net income of $175m (£116m), or 22 cents per share, for the fiscal first quarter, down from $260m, or 33 cents per share, a year earlier.

Revenue for the group, with ships like Ecstasy (pictured) rose to $3.1bn from $2.9bn.