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CARNIVAL REPORTS RECORD THIRD QUARTER NET INCOME

 MIAMI, Sept. 23 /PRNewswire/ -- Carnival Corporation (NYSE: CCL) reported net income of $152.2 million ($1.08 EPS) on revenues of $529.3 million for the third quarter ended Aug. 31, 1993, compared to income before extraordinary items of $134.8 million ($0.96 EPS) and net income of $129.6 million ($0.92 EPS) on revenues of $487.8 million for the same quarter in 1992.
 Revenues increased 8.5 percent and net income before extraordinary items increased 12.9 percent over the comparable quarter in 1992. The increases were primarily attributed to additional capacity provided by Holland America Line's Statendam, which entered service in January 1993, along with continued improvement in yields for the company's entire fleet.
 Micky Arison, chairman and CEO of Carnival Corporation, said the Carnival Cruise Lines division's financial results showed increased operating margins resulting from improved yields and effective cost controls.
 Once again, the Holland America Line-Westours division had an excellent summer season in Alaska where it is a major cruisetour operator. 1993 also marked the introduction of the new Statendam and its European program which enjoyed very heavy demand.
 "Though this was the most competitive season ever in Alaska, we achieved our sixth consecutive year of serving a record number of cruise and tour vacationers," said Holland America's President and CEO Kirk Lanterman. "And our return to Europe after a 20-year absence with the Statendam's inaugural season turned out to be an overwhelming success," he added.
 Net income for the nine months ended Aug. 31, 1993, was $268.0 million ($1.90 EPS) on revenues of $1,231.2 million, compared to income before extraordinary items of $238.6 million ($1.70 EPS) and net income of $233.4 million ($1.66 EPS) on revenues of $1,162.7 million for the same period in 1992.
 For the three months ended Aug. 31, 1993, the company achieved an average occupancy level of 114.3 percent carrying 338,594 passengers compared to 324,650 passengers for an average occupancy level of 114.7 percent for the third quarter of 1992. Combined with first half results, it achieved a fleetwide occupancy level of 106.7 percent for the first nine months of 1993 versus 106.8 percent for the same period in 1992. Passenger counts for the nine months increased to 902,277 from 891,772 passengers.
 "The fourth quarter is shaping up to be very busy for both Carnival Cruise Lines and Holland America Line," said Arison. He pointed out that Carnival will take delivery of its 2,600-passenger SuperLiner Sensation Oct. 18, 1993, and on that same day, the new FiestaMarina Cruises, a product catering to the Latin market, will inaugurate service. Approximately one week later, Holland America is scheduled to take delivery of the 1,266-passenger Maasdam. "As in the past, we expect the introduction of these new vessels will be very high profile and should create tremendous excitement among travel agents and consumers alike going forward into 1994," Arison said.
 Carnival Cruise Lines, Inc., to be renamed Carnival Corporation, comprises the world's largest cruise line based on number of passengers carried. In addition to Carnival Cruise Lines, its other units include Holland America Line, Windstar Cruises, FiestaMarina Cruises and Seabourn Cruise Line, which combined operate 19 ships in the Caribbean, Alaska and other worldwide destinations. Carnival Cruise Lines has contracted for the construction of two more 70,000-gross-registered-ton, 2,600-passenger ships, the Fascination and Imagination, which are scheduled for delivery in 1994 and 1995, respectively, as well as a 95,000-ton ship which will be the largest cruise ship ever built, scheduled for delivery in 1996. Holland America Line has another vessel under construction, the 1,266-passenger Ryndam scheduled to be delivered in late 1994.
 CARNIVAL CORPORATION
 9 MONTHS ENDED AUG. 31 3 MONTHS ENDED AUG. 31
 1993 1992 1993 1992
 Revenues
 (millions) $ 1,231.2 $ 1,162.7 $ 529.3 $ 487.8
 Income before
 Extraordinary item
 (millions) $ 268.0 $ 238.6 $ 152.2 $ 134.8
 Net Income
 (millions) $ 268.0 $ 233.4 $ 152.2 $ 129.6
 Earnings Per
 Share $ 1.90 $ 1.66 $ 1.08 $ .92
 Passengers
 Carried 902,277 891,772 338,594 324,650
 Percentage of
 Total
 Capacity 106.7 pct. 106.8 pct. 114.3 pct. 114.7 pct.
 Weighted
 Average Shares
 Outstanding 141,136,000 140,762,000 141,168,000 140,996,000
 -0- 9/23/93
 /CONTACT: Tim Gallagher of Carnival Corporation, 305-599-2600, extension 776/
 (CCL)


CO: Carnival Corporation; Carnival Cruise Lines ST: Florida IN: LEI SU: ERN

AW -- FL002 -- 5032 09/23/93 08:07 EDT
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Date:Sep 23, 1993
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