Profits up at cruise operator Carnival

Carnival’s quarterly profit has jumped, helped by higher spending per passenger in North America that offset weakness in other regions, and the cruise line operator said that bookings for the rest of 2011 and first half of 2012 are at higher prices so far. Chief executive officer Micky Arison said in a statement yesterday that higher revenue yields, a measure of profitability based on revenue per passenger, rose enough to make up for a spike in fuel costs. Miami-based Carnival reported third-quarter net income of $1.33bn (£846m), on revenue of $5.06bn.