Tourism & Cruises

Carnival posts record earnings in fiscal 2016

Carnival Corp. & PLC posted record earnings in fiscal 2016, helped in part by higher ticket prices and increased onboard spending and cost reductions, the Doral-based cruise company said Tuesday.

The world's largest cruise operator reported net income of $2.8 billion, or $3.72 per share, for the fiscal year ended Nov. 30, compared with $1.8 billion or $2.26 a share, in 2015.

Full-year revenue was $16.4 billion, up from $15.7 billion in the prior year.

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