United States  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Carnival sinks as Cuba travel ban and cruise ship repairs force it to slash guidance

Proactive Investors Thursday, 20 June 2019
Carnival PLC (LON:CCL) shares sank on Thursday after the cruise operator slashed its full-year guidance once again, citing the Cuba travel ban and troubles with one of its ships as the major reasons. Bosses cut their earnings guidance to US$4.25-US$4.35, down from their previous estimate of US$4.35-US$4.55. READ: Carnival blames higher fuel prices as it cuts annual profit forecasts Earlier this week, Carnival was forced to cancel three trips for its Vista cruise ship next month due to urgent repair work. It said today that the voyage disruption would dent full-year earnings by up to US$0.10 per share. Carnival is also expecting to take a US$0.06 per share hit from the US government’s sudden ban on cruises to Cuba. Lucrative Cuba President Trump’s decision has forced operators to reroute their cruises, which are usually booked and planned months in advance. “The suddenness of the regulatory change to this high yielding destination has led to a near-term impact on revenue yields,” said Thursday’s announcement. Chief executive Arnold Donald added that recent booking trends in continental Europe have also been impacted by “ongoing geopolitical and macroeconomic headwinds”. Second-quarter revenues rise For the second quarter, revenue rose 11% to US$4.84bn, beating analysts’ average estimate of US$4.53bn. Net income fell to US$451mln, down from US$561mln a year earlier. Shares dropped 10% shortly after the statement was released to 3,646p, taking the company to the bottom of the FTSE 100 index in London.
Credit: Rumble - Published < > Embed
News video: Carnival feels pinch of Trump's Cuba ban

Carnival feels pinch of Trump's Cuba ban 00:32

In 2019, the Trump administration issued a ban on cruise-ship travel to Cuba.

You Might Like

Recent related videos from verified sources

Simi Valley Cheerleading Coach Gets 6 Years In Prison For Cruise Ship Sexual Assault [Video]Simi Valley Cheerleading Coach Gets 6 Years In Prison For Cruise Ship Sexual Assault

A former Simi Valley cheerleading coach was sentenced Monday to 6 ½ years in federal prison for sexually assaulting a woman on a cruise ship back in 2015. Katie Johnston reports.

Credit: CBS Dallas Digital     Duration: 00:31Published

Here’s How to Legally Travel to Cuba as a U.S. Citizen [Video]Here’s How to Legally Travel to Cuba as a U.S. Citizen

If you’re feeling skittish about visiting Cuba for the summer because of the Trump administration’s new travel restrictions, don’t be. Nathan Rousseau Smith has the tips & tricks.

Credit: Buzz60     Duration: 01:26Published

Toddler Killed In Cruise Ship Fall To Get Police Escort Home [Video]Toddler Killed In Cruise Ship Fall To Get Police Escort Home

The family of a toddler that died in a horrible accident while they were on vacation is finally returning home.

Credit: CBS4 Miami     Duration: 00:31Published

Five Jobs That Let You Travel [Video]Five Jobs That Let You Travel

1. Content creators just need a laptop and some Wi-Fi and can encompass a variety of jobs. 2. Teaching English online only requires being a native English speaker, Wi-Fi and patience. 3. Female nannies..

Credit: Wochit News     Duration: 00:32Published

Recent related news from verified sources

Officers attend funeral for girl killed in cruise ship fall

GRANGER, Ind. (AP) — Police officers were among the mourners at the funeral of an 18-month-old Indiana girl who fell to her death from a cruise ship docked in...
Seattle Times

Carnival adds seven new Baltimore-to-Bermuda cruises in 2020

Carnival Cruise Line is beefing up its Baltimore to Bermuda trips. The world's largest cruise operator said Thursday it will add seven week-long departures out...

Other recent news in Business

AMERICA’s biggest wealth manager for the ultrarich is known for his tailor-made portfolios. He revealed to us his magic formula — and how he saves clients millions on taxes.Measure to set $15 hourly MINIMUM WAGE gains House approval
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.