United Kingdom
United States
Asia Pacific
Series of high profile mishaps hit Carnival profit
Carnival Corp has been forced to lower its profit forecast for the second half of 2013 blaming the impact of negative publicity on its prices.
The cruise line has suffered a number of high profile problems since the start of the year and said it has had to lower prices to drive demand.
It also confirmed that cancellations were higher than expected.
In the most publicised incident, fire broke out on Carnival Triumph leaving passenger stranded in the Gulf of Mexico without power for five days.
The company already lowered its 2013 forecast in March, dropping an estimate of $2.20-$2.40 per share to $1.80-$2.10.
It has now revised its full-year earnings to be in the range of $1.45-$1.65 a share.
Carnival is to invest $700 million over the next two to three years to improve on board safety following the technical problems.
Last year, Carnival’s financial results were also hit by the Costa Concordia disaster, when the ship hit rocks off the Tuscan coast killing 35 people.
By Bev Fearis, TravelMole UK
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
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
BA suspending all Heathrow to Abu Dhabi flights
Turkish Airlines flight in emergency landing after pilot dies
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel
Foreign Office issues travel advisory for winter sun destinations