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Unique Cruise Solutions The news you need to know |
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Cruise News for the Corporate Travel Professional |
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Carnival Corp. Reports Drop in Bookings After Concordia Tragedy |
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 In
a 10-K filing submitted today to the U.S. Securities and Exchange Commission,
Carnival Corp. reported that bookings fell in the three days after the Costa
Concordia sank on Jan. 13. Fleetwide, excluding Costa, bookings “declined in the
mid-teens” compared to the same period last year, according to the filing.“Costa’s booking activity is difficult to interpret because of the significant re-booking activity stemming from the loss of the ship’s use and related redeployments; however we believe it to be down significantly,” according to the filing. “Despite these recent trends, we believe the incident will not have a significant long-term impact on our business.” Carnival said a damage assessment is under way to determine whether the ship can be repaired. If it can be returned to service, it wouldn’t happen this year. The company self-insures for loss of use of the ship, which it estimated would impact the 2012 full-year net income by approximately $85 million to $95 million. Furthermore, Carnival said it anticipates approximately $30 million to $40 million of other costs related to the incident. |
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Worldwide Travel & Cruise Assoc., Inc. 150 S. University Dr. Ste E, Plantation, FL 33324 - USA Tel: +1 954 452 8800 Fax: +1 954 252 3945 EMail: sales@cruiseco.com |
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