Carnival Cruise Line’s Carnival Victory ship.
J Pat Carter/Associated Press
The Wuhan coronavirus has had a significant impact on the cruise industry this year.Dozens of cruises have been canceled or changed.Carnival Corp., Royal Caribbean Cruises, and Norwegian Cruise Line Holdings have predicted that the coronavirus will hurt their earnings this year. Visit Business Insider’s homepage for more stories.
The Wuhan coronavirus has forced cruise lines to cancel or change the itineraries for dozens of cruises this year, and that number could rise in the future.The world’s three biggest cruise companies — Carnival Corp., Royal Caribbean Cruises, and Norwegian Cruise Line Holdings — have predicted that the adjustments caused by the coronavirus will hurt their financial performance this year.These are the most recent projections that Carnival, Royal Caribbean, and Norwegian have made about the financial impact they expect the coronavirus to have in 2020.
Carnival
Carnival Cruise Line’s Carnival Ecstasy ship.
Joe Skipper/Reuters
Carnival Corp., the parent company of Carnival Cruise Line, said on February 12 that cancellations caused by the coronavirus will have a “material impact” on its 2020 earnings. The company said it was not yet able to project the extent of that impact, but added that if it had to cancel all of its cruises in Asia through the end of April, it would dent 2020 earnings by $0.55 to $0.65 per share.In December, Carnival projected its adjusted earnings would amount to $4.30 to $4.60 per share this year.
Royal Caribbean
Royal Caribbean International’s Rhapsody of the Seas ship.
Royal Caribbean International
“There are still too many variables and uncertainties to make a reasonable forecast for 2020,” Royal Caribbean Cruises, the parent company of Royal Caribbean International, said on February 13. Royal Caribbean said at the time that it had canceled 18 cruises in Southeast Asia and changed the itineraries for other sailings — moves the company projected would take $0.65 per share off of its estimated 2020 earnings of $10.40 to $10.70. In the event Royal Caribbean has to cancel all cruises in Asia through the end of April, it would remove another $0.55 per share this year, the company said.
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