Carnival Cruises 2014 Annual Report Download - page 55

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North America Brands
Cruise passenger ticket revenues made up 73% of our 2014 total revenues. Cruise passenger ticket revenues
increased slightly by $19 million to $6.9 billion in 2014 from $6.8 billion in 2013.
This increase was caused by:
– $294 million – 4.3% capacity increase in ALBDs.
This increase was partially offset by:
– $130 million – 2.0 percentage point decrease in occupancy;
– $75 million – decrease in cruise ticket pricing and
– $58 million – decrease in air transportation revenues from guests who purchased their tickets from us.
Our cruise ticket pricing decrease was driven by the promotional pricing environment in the Caribbean resulting
from the large increase in cruise industry capacity.
The remaining 27% of 2014 total revenues were comprised of onboard and other cruise revenues, which
increased by $168 million, or 7.0%, to $2.6 billion in 2014 from $2.4 billion in 2013.
This increase was caused by:
– $103 million – 4.3% capacity increase in ALBDs;
– $78 million – higher onboard spending by our guests and
– $20 million – higher other third-party revenues.
These increases were partially offset by:
– $46 million – 2.0 percentage point decrease in occupancy.
Onboard and other revenues included concession revenues of $735 million in 2014 and $727 million in 2013.
EAA Brands
Cruise passenger ticket revenues made up 82% of our 2014 total revenues. Cruise passenger ticket revenues
increased by $223 million, or 4.6%, to $5.0 billion in 2014 from $4.8 billion 2013.
This increase was substantially due to:
– $102 million – 2014 net currency impact;
– $49 million – increase in air transportation revenues from guests who purchased their tickets from us;
– $39 million – increase in cruise ticket pricing and
– $23 million – slight increase in occupancy.
The remaining 18% of 2014 total revenues were comprised of onboard and other cruise revenues, which
increased by $19 million, or 1.7%, and remained at $1.1 billion in both 2014 and 2013. Onboard and other
revenues included concession revenues of $367 million in 2014 and $370 million in 2013.
Costs and Expenses
Consolidated
Operating costs and expenses decreased by $221 million, or 2.1%, to $10.4 billion in 2014 from $10.6 billion in
2013.
This decrease was caused by:
– $176 million – nonrecurrence in 2014 of impairment charges related to Costa Classica and Costa Voyager;
– $126 million – lower fuel prices;
– $107 million – lower fuel consumption per ALBD;
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