Cruise operator cuts profit forecast on Cuba travel ban, weak Europe demand
Carnival expects annual earnings to decline on lower net revenue yields
20 June 2019 - 17:11
Bengaluru — Carnival cut its profit forecast for the year on Thursday, anticipating a hit from the Trump administration’s sudden ban on cruises to Cuba and weakening demand in Europe over political uncertainty, sending its shares down over 7%.
The company’s profit warning also dragged down Carnival’s rivals, Norwegian Cruise Line and Royal Caribbean Cruises, about 3%...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.