City Cruises

Published on Monday, June 24, 2019

Sudden Cuba cruise ban to hit Carnival profits


The sudden ban on US cruise ships visiting Cuba is expected to knock four to six percent off Carnival Corporations' share earnings for the full year.

Profits will be further hit by problems facing Carnival Vista, which is currently sailing with restricted cruising speed and is due to go into dry dock for more than two weeks for repairs.

Carnival said it expects lower booking prices in the short term as a result of the Trump administration Cuba ban, and it has the added expense of guest compensation and cruise credits due to the need to make last-minute itinerary changes.

Cuba cruises were invariably sold at a premium to other comparable Caribbean itineraries, it said.

Rivals Norwegian Cruise Line and Royal Caribbean Cruises have also been heavily impacted due to the Cuba ban.

Story Image

Your Comments

, be the first to post a comment.
Your email:

Email other comments made to this story

NOTE: Comments are subject to admin approval before being posted.
Mole Poll
'WTTC names cities at risk of over-tourism' - Has this issue affected the destinations you sell?
YES 60.85 %
NO 39.15 %

Thank you for your vote


Move scroll bar (above) left to right for more videos!