Carnival Cruises 2011 Annual Report Download - page 45

For segment information related to our North America and EAA cruise brands’ revenues, expenses, operating
income and other financial information, see “Note 11- Segment Information” in the accompanying consolidated
financial statements.
Statistical Information
Years Ended November 30,
2011 2010 2009
Passengers carried (in thousands) ......................................... 9,559 9,147 8,519
Occupancy percentage (a) ............................................... 106.2% 105.6% 105.5%
Fuel consumption (metric tons in thousands) ................................ 3,395 3,319 3,184
Fuel cost per metric ton consumed ......................................... $ 646 $ 489 $ 363
Currencies
U.S. dollar to €1 ..................................................... $ 1.40 $ 1.33 $ 1.39
U.S. dollar to £1 ..................................................... $ 1.60 $ 1.55 $ 1.56
U.S. dollar to Australian dollar ......................................... $ 1.03 $ 0.91 $ 0.77
(a) In accordance with cruise business 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.
Fiscal 2011 (“2011”) Compared to Fiscal 2010 (“2010”)
Revenues
Consolidated
Approximately 77% of 2011 total revenues are comprised of cruise passenger ticket revenues. Cruise passenger
ticket revenues increased by $1.1 billion, or 9.7%, to $12.2 billion in 2011 from $11.1 billion in 2010. This
increase was substantially due to our 5.1% capacity increase in ALBDs, which accounted for $571 million, a
weaker U.S. dollar against the euro, sterling and Australia dollar, which accounted for $257 million, an overall
continuing recovery in cruise ticket pricing, which accounted for $155 million, and a 0.6 percentage point
increase in occupancy, which accounted for $57 million. Our 2011 cruise passenger ticket pricing increase was
affected by the close-in deployment changes resulting from the geo-political events in MENA, and to a lesser
extent, the earthquake and resulting nuclear disaster in Japan as well as the European debt crisis (see “Key
Performance Non-GAAP Financial Indicators”).
The remaining 23% of 2011 total revenues is substantially all comprised of onboard and other cruise revenues,
which increased by $253 million, or 8.1%, to $3.4 billion in 2011 from $3.1 billion in 2010. This increase was
principally driven by our 5.1% capacity increase in ALBDs, which accounted for $160 million, and a weaker
U.S. dollar against the euro, sterling and Australian dollar, which accounted for $58 million. Onboard and other
revenues included concession revenues of $1.1 billion in 2011 and $958 million in 2010.
North America Brands
Approximately 76% of 2011 total revenues are comprised of cruise passenger ticket revenues. Cruise passenger
ticket revenues increased by $444 million, or 7.0%, to $6.8 billion in 2011 from $6.3 billion in 2010. This
increase was substantially due to a continuing recovery in cruise ticket pricing, particularly in the second half of
2011, which accounted for $186 million, our 2.8% capacity increase in ALBDs, which accounted for $176
million, and a 1.1 percentage point increase in occupancy, which accounted for $62 million.
The remaining 24% of 2011 total revenues is comprised of onboard and other cruise revenues, which increased
$98 million, or 4.8%, to $2.2 billion in 2011 from $2.1 billion in 2010. This increase was primarily driven by our
2.8% capacity increase in ALBDs, which accounted for $57 million. Onboard and other revenues included
concession revenues of $681 million in 2011 and $628 million in 2010.
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