Friday, June 16, 2006

Carnival's Got Heat ...

Scratch Disney ... Win & Cruise: Higher fuel costs and a sluggish Caribbean cruise market cut second-quarter profit at Carnival Corp., prompting Mickey Arison, top honcho at the world's largest cruise company and owner of the Miami Heat to seize the moment. (For the record, net income for the quarter ended May 31 was $380 million, 46 cents per share, compared with last year's $388 million, or 47 cents per share. Revenue rose six percent to $2.66 billion compared to last year, yet fuel jumped 43 percent.) Arison told analysts during a conference call he’s had a perfect opportunity to plug Carnival in interviews with TV networks from around the world as his Heat dukes it out in the NBA finals against the Dallas Mavericks. "I never realized there would be a nice synergy between the Miami Heat and our cruise industry," Arison said, citing his constant refrain: "When this is all over, I'm not going to Disney World, I'm going on a cruise."

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