815097--1/29/2010--CARNIVAL_CORP

related topics
{product, liability, claim}
{customer, product, revenue}
{operation, natural, condition}
{operation, international, foreign}
{stock, price, operating}
{cost, regulation, environmental}
{capital, credit, financial}
Fluctuations in foreign currency exchange rates could affect our financial results. Environmental legislation and regulations could affect our operations, such as causing fuel shortages, supply disruptions, and changes in fuel specifications, and thus increase our operating costs, which could also impact our liquidity and credit ratings. Our ability to implement our shipbuilding programs and ship maintenance, repairs and refurbishments, including ordering additional ships for our cruise brands from shipyards, on terms that are favorable or consistent with our expectations could reduce our profitability. Continuing financial viability of our travel agent distribution system, air service providers, and other key vendors in our supply chain is essential to allowing us to profitably operate our business. In addition, reductions in the availability of and increases in the prices for the services and products provided by these vendors can adversely impact our net income. Our decisions to self-insure against various risks or the inability to obtain insurance for certain risks at reasonable rates could result in higher expenses. Lack of continuing availability of attractive, convenient and safe port destinations. A small group of shareholders collectively owned, as of January 21, 2010, approximately 27% of the total combined voting power of our outstanding shares and may be able to effectively control the outcome of shareholder voting.

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