8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) March 11, 2011

Carnival Corporation	Carnival plc
(Exact name of registrant as specified in its charter)	(Exact name of registrant as specified in its charter)

Republic of Panama	England and Wales
(State or other jurisdiction of incorporation)	(State or other jurisdiction of incorporation)
1-9610	1-15136
(Commission File Number)	(Commission File Number)
59-1562976	98-0357772
(I.R.S. Employer Identification No.)	(I.R.S. Employer Identification No.)
3655 N.W. 87th Avenue Miami, Florida 33178-2428	Carnival House, 5 Gainsford Street, London SE1 2NE, United Kingdom
(Address of principal executive offices) (Zip Code)	(Address of principal executive offices) (Zip Code)
(305) 599-2600	011 44 20 7940 5381
(Registrant’s telephone number, including area code)	(Registrant’s telephone number, including area code)
None	None
(Former name or former address, if changed since last report.)	(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 2 – Financial Information

Item 2.02    Results of Operations and Financial Condition.

On March 11, 2011, Carnival Corporation & plc issued a press release entitled “Carnival Corporation & plc Announces First Quarter Earnings and Revises Full Year Guidance.” A copy of this press release is furnished as Exhibit 99.1 to this report. This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing of either Carnival Corporation or Carnival plc, whether made before or after the date of this report, regardless of any general incorporation language in the filing.

Section 9 – Financial Statements and Exhibits

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits

Exhibit 99.1 Press release, dated March 11, 2011 (furnished pursuant to Item 2.02).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CARNIVAL CORPORATION		CARNIVAL PLC
By:	/s/ Larry Freedman	By:	/s/ Larry Freedman
Name: Larry Freedman		Name: Larry Freedman
Title: Chief Accounting		Title: Chief Accounting
Officer and Vice President-Controller		Officer and Vice President-Controller
Date: March 11, 2011		Date: March 11, 2011

Exhibit Index

Exhibit No.	Description
99.1	Press release, dated March 11, 2011 (furnished pursuant to Item 2.02)

EX-99.1

Exhibit 99.1

CARNIVAL CORPORATION & PLC ANNOUNCES

FIRST QUARTER EARNINGS AND REVISES FULL YEAR GUIDANCE

MIAMI (March 11, 2011) – Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announces first quarter 2011 earnings and provides an update of its 2011 full year guidance in advance of the annual cruise industry convention to be held next week. Earnings per share for the first quarter ended February 28, 2011 was $0.19 diluted, at the high end of its previous guidance range of $0.15 to $0.19. Adjusted earnings per share for the first quarter of 2010 was $0.12 diluted before the favorable impact of $0.10 per share of unusual items, resulting in a reported earnings per share of $0.22 diluted.

Since its 2011 full year guidance was provided on December 21, 2010, fuel prices have significantly increased. At current spot prices for fuel and currency exchange rates, full year 2011 earnings per share would be lower by approximately $0.40. In addition, the company estimates the impact of itinerary changes in the Middle East and North Africa will result in an approximate $0.05 reduction in earnings per share for the remainder of the year.

Based on the above factors, the company now forecasts full year 2011 fully diluted earnings per share to be in the range of $2.50 to $2.60, compared to its December guidance range of $2.90 to $3.10 and fiscal 2010 of $2.47. Full details of its first quarter results and 2011 full year guidance, updated for next week’s spot prices for fuel and exchange rates, will be provided in its regularly scheduled earnings release and conference call to be held March 22, 2011.

Carnival Corporation & plc is the largest cruise vacation group in the world, with a portfolio of cruise brands in North America, Europe, Australia and Asia, comprised of Carnival Cruise Lines, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, Ibero Cruises, P&O Cruises (UK) and P&O Cruises (Australia).

Together, these brands operate 98 ships totaling more than 191,000 lower berths with 10 new ships scheduled to be delivered between March 2011 and May 2014. Carnival Corporation & plc also operates Holland America Princess Alaska Tours, the leading tour company in Alaska and the Canadian Yukon. Traded on both the New York and London Stock Exchanges, Carnival Corporation & plc is the only group in the world to be included in both the S&P 500 and the FTSE 100 indices.

# # #