Carnival Cruises 2009 Annual Report Download - page 42

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- payroll and related costs, which represent costs for all our shipboard personnel, including deck and
engine officers and crew and hotel and administrative employees,
- fuel costs, which include fuel delivery costs,
- food costs, which include both our guest and crew food costs, and
- other ship operating costs, which include port costs, repairs and maintenance, including minor
improvements and dry-dock expenses, hotel supplies, crew travel, entertainment and all other
shipboard operating costs and expenses.
For segment information related to our revenues, expenses, operating income and other financial
information see Note 11 in the accompanying consolidated financial statements.
Selected Cruise and Other Information
Selected cruise and other information was as follows:
Years Ended November 30,
2009 2008 2007
Passengers carried (in thousands) ....................................... 8,519 8,183 7,672
Occupancy percentage (a) ............................................. 105.5% 105.7% 105.6%
Fuel consumption (metric tons in thousands) .............................. 3,184 3,179 3,033
Fuel cost per metric ton (b) ............................................ $ 363 $ 558 $ 361
Currencies
U.S. dollar to €1................................................... $ 1.39 $ 1.49 $ 1.36
U.S. dollar to £1 ................................................... $ 1.56 $ 1.90 $ 2.00
(a) In accordance with cruise industry practice, occupancy is calculated using a denominator of two passengers
per cabin even though some cabins can accommodate three or more passengers. Percentages in excess of
100% indicate that on average more than two passengers occupied some cabins.
(b) Fuel cost per metric ton is calculated by dividing the cost of fuel by the number of metric tons consumed.
Fiscal 2009 (“2009”) Compared to Fiscal 2008 (“2008”)
Revenues
Our total revenues decreased $1.5 billion, or 10.2%, to $13.2 billion in 2009 from $14.6 billion in
2008. Cruise ticket prices and onboard and other revenues declined by $2.1 billion primarily due to the adverse
impact of the economic downturn, as well as a stronger U.S. dollar against the euro and sterling compared to
2008. In addition, the U.S. Center for Disease Control and Prevention’s (“CDC’s”) recommendations against
non-essential travel to Mexico as a result of the flu virus also adversely impacted our revenues because we had to
alter several of our cruise ships’ itineraries. This revenue decrease was partially offset by $765 million from our
5.4% capacity increase in ALBDs (see “Key Performance Non-GAAP Financial Indicators” below).
Onboard and other revenues included concession revenues of $881 million in 2009 and $924 million in
2008. Onboard and other revenues decreased $159 million in 2009 compared to 2008, primarily because of lower
onboard spending for all of the major onboard revenue-producing activities primarily as a result of the adverse
impact of the economic downturn, as well as the impact of the stronger U.S. dollar against the euro and sterling
compared to 2008. The lower onboard and other spending was partially offset by $163 million from our 5.4%
increase in ALBDs.
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