Carnival Slashes Profit Outlook as Iran War Sends Fuel Costs Soaring
Carnival Corp cut its annual profit forecast on Friday, as higher fuel costs pressure the cruise operator's margins amid rising geopolitical tensions.
FILE PHOTO: The Royal Caribbean cruise ship Anthem of the Seas is docked after passengers were removed with possible coronavirus symptoms at the port of Bayonne, New Jersey, U.S., February 7, 2020. REUTERS/Bryan R Smith/File Photo
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Oct 6 (Reuters) – Royal Caribbean Cruises Ltd has extended suspension of sailings until Nov. 30, excluding those originating from Hong Kong, the U.S. cruise operator said on Tuesday, as the COVID-19 crisis hurts demand for voyages.
The company said its cruise brand Celebrity Cruises will suspend its 2020-21 winter program in Australia and Asia, while its Azamara cruises will suspend winter sailings throughout Australia and New Zealand, South Africa and South America.
The cruise industry has faced the brunt of the health crisis as major outbreaks in ships were blamed for spreading the disease, resulting in government-mandated “no-sail” orders and trip cancellations.
Carnival Corp’s Cruise line Seabourn also said on Tuesday it will suspend upcoming 2020 and 2021 voyages for three cruise ships in its fleet until spring 2021. (Reporting by Ankit Ajmera in Bengaluru; Editing by Shinjini Ganguli)
Updated: November 17, 2020 (Originally published October 6, 2020)
This article contains reporting from Reuters, published under license.
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