Carnival Corporation & Plc operates as a leisure travel company. The company's ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. It also provides vacations to various cruise destinations, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches. The company sells its cruises primarily through travel agents and tour operators. It operates in the United States, Canada, Continental Europe, the United Kingdom, Australia, New Zealand, Asia, and internationally. As of January 28, 2020, the company operated 105 ships with 254,000 lower berths. Carnival Corporation & Plc was incorporated in 1972 and is headquartered in Miami, Florida.
Carnival Corporation & Plc
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In an announcement on Wednesday, Carnival said that its performance in fiscal 2020 may take a severe hit due to the recent outbreak of Coronavirus in China. The cruise line valued the loss at 55 to 65 cents per share this year if operations remain suspended in Asia for longer than expected. Carnival is currently anticipating the suspensio...
Coronavirus has claimed around 600 lives so far, with more than 30,000 people infected. The virus outbreak has impacted the markets, along with certain sectors sustaining a lot of damage, while China has injected billions of dollars to help its struggling domestic market. Given the uncertainty that the coronavirus creates, it is best to a...