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Latest News...Carnival Cruise Line will be notifying guests and travel agents on Tuesday of revisions to the delivery of its newest ship, Mardi Gras, as well as the transformed Carnival Radiance – both resulting from the COVID-19 pandemic – and new itineraries for Carnival Breeze and Carnival Magic that are all part of an updated deployment plan from November 2020 to May 2021. The key points of the changes:• Mardi Gras, the first LNG-powered ship to operate in the Western Hemisphere and featuring ...
Latest News...Cruise companies Royal Caribbean Group and Norwegian Cruise Line Holdings Ltd. announced a collaboration to develop enhanced cruise health and safety standards in response to the global COVID-19 pandemic. The companies have asked Governor Mike Leavitt and Dr. Scott Gottlieb to serve as co-chairs of a newly formed group of experts called the "Healthy Sail Panel." The panel is tasked with collaboratively developing recommendations for...
Latest News...Viking today announced that new 2023 sailings of its Mississippi River cruises are now on sale. The company's first custom vessel, Viking Mississippi, will debut in August 2022 and will sail voyages on the Lower and Upper Mississippi River, between New Orleans and St. Paul. Viking's first river cruises in the U.S. had been highly anticipated when they were officially announced in April 2020, and several sailings have already sold out. This strong demand has led Viking...
Royal Caribbean Cruises Ltd today noted the U.S. government's policy change on travel to Cuba and provided a range for its financial impact.
On June 4, 2019, the U.S. government announced that effective June 5th, 2019 authorized travel to Cuba under the People-to-People program is rescinded and travel to Cuba via cruise ships is prohibited. Therefore, effective June 5th, cruise ships will no longer be allowed to travel between the U.S. and Cuba.
The company has changed the itineraries for its June 5th and June 6th departures and is determining alternate destinations for future sailings. The company's primary concern is for its guests, and the company is working closely with them to offer alternative destinations and compensation for any inconvenience.
The company estimates that the financial impact of this regulatory change is a reduction to the Adjusted EPS for 2019 in the range of $0.25 to $0.35 per share.
"While the affected sailings impact only 3 percent of our 2019 capacity, the extremely short notice period for this high yielding destination amplifies the earnings impact," said Jason T. Liberty, executive vice president and CFO. "The result of this policy change has created a short-term impact to our guests, operations and earnings; fortunately, we have many alternative and attractive destinations for our guests to choose from."
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