CARNIVAL CORPORATION & PLC FUEL SUPPLEMENT ...
Carnival Corporation & plc to Voluntarily Rescind Fuel Supplement for Guests
Booked Prior to November 7, 2007
MIAMI, April 1 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has
announced a voluntary refund of the company's fuel supplement for applicable
U.S. bookings that were made prior to November 7, 2007, under an agreement with
the Florida Attorney General's Office.
The fuel supplement, announced November 7, 2007, was applied to all U.S.
bookings for voyages departing on or after February 1, 2008, regardless of
when the booking was made, for cruises on the Carnival Corporation & plc
brands Carnival Cruise Lines, Costa Cruises, Cunard Line, Holland America
Line, Princess Cruises and The Yachts of Seabourn. However, this effective
date allowed guests already booked at the time of the announcement the
opportunity to cancel and receive a full refund.
The company will now refund the fuel supplement for those guests who were
already booked at the time the supplement was announced. Refunds for affected
guests will be implemented based on cruise departure date according to the
following schedule:
-- For cruises departing on or prior to April 4, 2008, guests will
receive a refund in the same form they used to purchase their cruise.
-- For cruises departing from April 5, 2008 through June 23, 2008, guests
will receive an on-board credit.
-- For cruises departing on or after June 24, 2008, guests' bookings will
be adjusted to remove the supplement.
The fuel supplement remains in effect for all bookings made on or after
November 7, 2007. The $5 per person per day fuel supplement applies only to
the first and second guests in a stateroom and will not exceed $70 per person
per voyage. Also, at the time the fuel supplement was announced, travel
agents whose clients had existing reservations were offered $10 per booking in
administrative compensation for notifying those clients of the supplement.
Those travel agents will still receive the $10 per booking.
Today's announcement will have no impact on the company's previously
reported 2008 first quarter financial results or its March 20, 2008, guidance
for the second quarter and full year 2008 since the company did not recognize
fuel supplement revenues associated with bookings made prior to November 7,
2007, while the Florida Attorney General's Office was conducting its review.
Carnival Corporation & plc is the largest cruise vacation group in the
world, with a portfolio of cruise brands in North America, Europe and
Australia, comprised of Carnival Cruise Lines, Holland America Line, Princess
Cruises, The Yachts of Seabourn, AIDA Cruises, Costa Cruises, Cunard Line,
Ibero Cruises, Ocean Village, P&O Cruises and P&O Cruises Australia.
Together, these brands operate 85 ships totaling more than 160,000 lower
berths with 21 new ships scheduled to enter service between April 2008 and
June 2012. Carnival Corporation & plc also operates Holland America Tours and
Princess Tours, the leading tour companies in Alaska and the Canadian Yukon.
Traded on both the New York and London Stock Exchanges, Carnival Corporation &
plc is the only group in the world to be included in both the S&P 500 and the
FTSE 100 indices.
SOURCE Carnival plc
-0- 04/01/2008
/CONTACT: Media: Tim Gallagher of Carnival Corporation & plc,
+1-305-599-2600, ext. 16000, UK: Richard Jacques or Sophie Brand of Brunswick
Group, 44 (0) 20 7404 5959; or Investor Relations: Beth Roberts of Carnival
Corporation & plc, +1-305-406-4832/
/Web site: http://www.carnivalcorp.com /
(CCL CUK)
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