The Carnival Splendor fire severely tarnished the image of Carnival cruises. The ship fire was a devastating blow to an already depressed industry. The vessel recently was towed to port and is expected to need at least 2 months of maintenance. A 20 percent loss of fourth quarter income is expected by the company. Article source – Carnival Cruise Lines earnings to plummet after cruise ship fire by Personal Money Store.
5th of share price lost by Carnival cruise company
Due to the Carnival luxury cruise ship fire, there have been some serious losses in the Carnival Cruise lines. A loss of 7 cents per stock is expected to take place. After the first on the Carnival Splendor, a loss is natural. ABC explained that Carnival will expect in its fourth quarter earnings a 20 percent drop in stock earnings at the very least. All told, it should add up to $56 million. The expected loss is situated not only on the expected loss of business. The Carnival Splendor getting fixed following the fire is also part of the losses.
Having Splendor all fixed up
Right after getting towed from the Gulf of Mexico, Carnival's Splendor cruise liner got to San Diego days ago. The Carnival Splendor caused the vessel to go dead in the water, and the Carnival cruise turned out to be a Carnival tow to San Diego, with cruise ship passengers stuck in deplorable conditions. The ship has to be investigated by inspectors. Maintenance can start following that. The ship will not be working for a while. Until at least Jan, it will be worked on. Princess Cruise, Cunard and Holland America cruise lines are all owned by Carnival making it the largest operator within the world.
Those out of place due to it get refunds and discounts
People who had booked passage on the Splendor will be compensated by the business. A refund on the cruise and airfare is being given by Carnival. It’s also giving a 25 percent discount on all future cruises.
Articles cited
ABC News
abcnews.go.com/Business/wireStory?id=12160946
ABC News
abcnews.go.com/Travel/carnivals-splendor-cruise-til-mid-january/story?id=12160812&page=1
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