Travel Weekly's Cruise E-Letter: December 25, 2001

CARNIVAL CORP. reported fourth-quarter income of $116.3 million on revenue of $959.1 million, compared with income of $193.8 million on revenue of $850.3 million for the same period in 2000. Profit declined 40%, which Carnival chairman Micky Arison attributed to "the significant impact of the Sept. 11 events on the vacation market." Net per diems for the quarter fell 3.3%, and net yield was down 7% for the quarter. Arison said booking levels are beginning to recover, with net bookings having surpassed last year's level by 45% over the past five weeks. Pricing, while also improved, remains below 2000 levels, Arison said, and advance bookings for 2002 also are behind last year's levels.

LUXURY OPERATOR Silversea Cruises launched a "Reassurance Program" that allows passengers to change their close-in cruise reservations without penalty. Under terms of the program, guests who purchase the protection and cancel their Silversea cruise for any reason within one to 14 days prior to departure will receive a 100% cruise credit on a future sailing. The credit will be valid for 12 months following the date of issue. The optional program, which begins immediately, is available for new bookings made through March 31, 2002, for any voyage commencing on or after April 1. Passengers with existing bookings on voyages departing on or after April 1, 2002 may participate in the program, but must do so by Dec. 31. The "Reassurance" option is available for $250 per person when purchased with Silversea's standard travel insurance or $500 per person when purchased alone.

THE FLORIDA-CARIBBEAN CRUISE ASSN. introduced a revamped Web site at www.f-cca.com. The site features 200 pages of industry information, plus links to FCCA publications, training programs and research studies. The site also includes a member line section with cruise executive profiles and fleet statistics, plus links to member lines' Web sites.

LOS ANGELES-BASED Princess Cruises will offer live broadcasts of Pasadena's Tournament of Roses Parade and the Rose Bowl college football game aboard all of the company's ships on Jan. 1 and 3, respectively. The events will be broadcast in select public lounges and on stateroom televisions. This year's Rose Bowl game will determine college football's national champion.

DR. TAMARA JERNIGAN, who has logged more flight hours aboard the space shuttle than any other female U.S. astronaut, was named godmother of 85,000-ton Carnival Pride, which begins service from Port Canaveral, Fla., on Jan. 12. Dr. Jernigan will officially name the ship in a dockside christening ceremony at Port Canaveral on Jan. 7.

WHAT WOULD COLUMBUS SAY? Windstar Cruises' 148-passenger Wind Spirit broke a company record earlier this month by completing 103 hours under sail propulsion, exceeding the previous record of 67 hours under sail, set in 1996 aboard Wind Spirit. The Wind Spirit is a sail-assisted ship also equipped with a motorized propulsion system. The sailing across the Atlantic Ocean covered 690 nautical at an average speed of 6.7 knots.

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