Royal Caribbean cuts earnings guidance, warns more cruises may be canceled amid coronavirus uncertainty

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Royal Caribbean Cruises warned of more canceled cruises in its fourth-quarter earnings call Tuesday and said it expects to take an earnings hit of 25 cents per share after canceling eight cruises out of China because of the coronavirus outbreak.

warned of more canceled cruises in its fourth-quarter earnings call Tuesday and said it expects to take an earnings hit of 25 cents per share after canceling eight cruises out of China because of the coronavirus outbreak.

The company has already canceled eight cruises out of China and modified itineraries for other trips, including the complete removal of its Spectrum of the Seas ship from service in China. It has contingency plans in place in case the outbreak spreads further, according to Executive Vice President and CFO Jason Liberty.

"I think that everyone understands that the best way to deal with an outbreak is to contain it," he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

No surprise, and this is just the beginning. Then the fear sets in. And most ships will sit idle

Floating incubators of bad seas

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines