United Kingdom
United States
Asia Pacific
Royal Caribbean warns coronavirus will hit earnings
Royal Caribbean Cruises has cancelled a total of 18 sailings in south-east Asia and modified other itineraries in response to the continuing threat of coronavirus.
The cruise line also warned its full-year earnings will be hit by the outbreak and has reported ‘softer’ bookings not just in Asia, but also elsewhere.
Last week, Royal Caribbean said it was cancelling eight cruises out of China until March 4 and warned first-quarter earnings would be down.
It’s now said the 18 cancelled cruises will cut its full-year earnings per share by 65 cents, adding that cancelling all its remaining sailings in Asia through the end of April, would reduce its earnings per share by another 55 cents in 2020.
Royal Caribbean chairman and CEO, Richard D. Fain, said: "It is important that every organisation acts responsibly, and we have already taken aggressive steps to minimise risk through boarding restrictions and itinerary changes.
"Our shipboard and shoreside teams have been working tirelessly through these circumstances and I want to thank them for all of their extraordinary efforts.
"We appreciate our responsibility to our guests and to each other, and our focus on public health is unwavering."
Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Boy falls to death on cruise ship
Turkish Airlines flight in emergency landing after pilot dies
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel