The recent Carnival Splendor fire was a heavy blow to the Carnival cruise business. The vessel will not likely leave port until at least January. The Carnival business expects to lose up to 20 percent of its fourth quarter stock income.
Carnival cruise business to lose 1/5 of share price
Carnival Cruise Lines has recently disclosed some expected heavy losses as a result of the Carnival cruise liner fire. Right after the Carnival Splendor fire happened, regarding 7 cents per stock is expected to be lost. At the very least, a 20 percent drop in stock revenue in the fourth quarter is expected by Carnival. This is all due to the incident, accounts ABC. The loss expected is way too large. It’s about $56 million total. Due to repair costs in order to fix the Carnival Splendor following the first and the loss of business, this loss was expected.
The Splendor repairs
Days ago the Carnival Splendor cruise ship got the San Diego. It was within the Gulf of Mexico before that. The Carnival cruise ended up getting a tow to San Diego while the passengers on the ship were in terrible conditions instead of being the cruise it was meant to be because of the Carnival Splendor. Maintenance won't be able to start on the vessel until the investigators finish inspecting it. Until at least January, the ship can be out of service. Carnival Cruise Lines is the largest cruise operator within the world, owning not only Carnival but additionally Princess Cruise, Cunard and Holland America cruise lines.
Those displaced due to it get refunds and special discounts
Everyone on the Splendor can be compensated. It’s the least the company can do. A refund on the cruise and airfare is getting given by Carnival. It’s also giving a 25 % discount on all future cruises.
Articles cited
ABC News
abcnews.go.com/Business/wireStory?id=12160946
ABC News
abcnews.go.com/Travel/carnivals-splendor-cruise-til-mid-january/story?id=12160812&page=1
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