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Tasmania's Port Arthur - one of booming Australia's many cruise destinations

Carnival eyes across the board yield hike but cautions on Australia capacity

Carnival Corp. & plc expects yield improvement across most cruise itineraries in 2015, including the Caribbean—however, the company cautioned on Australia due to a 20% industry capacity hike in that market.

Australia is not under pressure and is doing well, Carnival cfo David Bernstein elaborated during Friday's earnings call. He said most itinerary yields are expected to be up 'but Australia may not be up as much as some of the others.'

Bernstein added Australia has absorbed double-digit capacity increases 'very well' in the past.

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