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Business Description
Carnival Corporation is a global vacation and leisure travel provider that offers a broad range of cruise products serving the contemporary cruise sector through Carnival Cruise Lines and Costa Cruises, the premium sector through Holland America Line, the premium/luxury sector through Cunard Line and the luxury sector through Seabourn Cruise Line and Windstar Cruises. In addition to its cruise operations, the Company operates a tour business under the brand name Holland America Tours, which is a cruise/tour operator in the state of Alaska and the Canadian Yukon.

Financial Information
CCL operates five separate cruise lines under the names Carnival Cruise Lines, Cunard Line, Holland America Line, Seaborn Cruise Line and Windstar Cruises and a tour business, Holland America Westours. For the nine months ended 8/31/02, revenues fell 7% to $3.33 billion. Net income rose 2% to $824.6 million. Revenues reflect a decrease in number of guests purchasing air transportation and lower cruise ticket prices. Earnings reflect lower impairment charges.