Coronavirus ends Carnival’s Princess cruises for 60 days
Combined, cruise industry giants Carnival, Royal Caribbean and Norwegian have lost about 70% of market value in less than two months
12 March 2020 - 17:55
Boston/Miami — Carnival’s Princess Cruises division, host to both known outbreaks of coronavirus at sea, is suspending all its sailings for 60 days as the pandemic’s global effects accelerate.
Carnival shares plunged as much as 21% to $17.16 after the announcement, touching the lowest intra-day level in 11 years. The stock has lost 64% in under two months, from its recent high on January 17...
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