More cruises canceled as coronovirus number spikes carnival

Carnival Cruise Line is canceling and delaying more US trips when new cases of COVID-19 in the country average around 170,000 per day, amid a rolled out rollout of vaccines.

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CCL CARNIVAL CORP. Is 19.22 -1.00 -4.95%

Carnival’s planned seasonal service out of San Diego has been suspended until further notice, and cruises scheduled through April 2023 were canceled. The company said some trips from California to Hawaii will continue, but will instead be sailing from Long Beach.

CARNIVAL CORP. SAYS IT bought more for 2022 THAN 2019

Carnival began warning passengers to cancel on Friday.

The cruise line said the voyages on the three ships – Magic, Paradise and Velor – were delayed until November.

Christine Duffy, president of Carnival Cruise Line, said in a prepared statement on Monday, “We are developing our plans about this current global situation as soon as conditions develop and we are able to confirm the options.” “

Carnival Cruise Line is canceling and delaying more US trips when new cases of COVID-19 in the country average around 170,000 a day, which is caused by a mess of vaccines.

Shares of Miami-based Carnival Corp declined 5% on Monday. Rival operator Royal Caribbean also shed 5%, while Norwegian Cruise Line slipped 2.5%.

The US Center for Disease Control lifted its no-sale order for the industry on 30 October, but it is also warning people to avoid all cruise travel due to the risk of infection. If the industry meets the testing and safety requirements for the crew, the CDC allows for a phased restart.

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Cruise companies are eagerly awaiting the CDC’s guidance for the next phase of their reopening plan, which will allow for short test trips with volunteers. The CDC said on Monday that it is expected that some more guidelines will be published in the next several weeks.

Truist securities analyst Patrick Sholes said bookings for future cruises exceeded the first cancellation since March. But they still lowered their earnings expectations for cruise lines through 2022, assuming further delays were likely.

Travel agencies are now predicting that July would be the best case for a gradual return to cruises in North America, Sholes said last week, but a return is more likely in September or October.

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That could force the cruise operator to raise additional funds, Sholes wrote.

Carnival Corp lost more than $ 10 billion last year as the epidemic swept the world, but this month said it would have enough cash to survive by 2021, even without revenue.

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