You would expect that a cruise line with the poor safety record of Carnival wouldn’t lead in market share, but it does. At the end of 2013, the brand cornered 21.2% of it while Royal Caribbean owned 16.4%. Of course, that could change as the year wears on.
Its poor track record did little to affect shares of stock, however, as they reached a 52-week high of $41.58 on Jan. 15 after posting impressive fourth-quarter fiscal 2013 results. The 4 cents per share increase in adjusted earnings was attributed to increased cruise sales thanks to higher ticket prices and onboard spending.
Though the company expects to incur a loss in fiscal first quarter 2014, it expects to return to profit by the end of the year.