Carnival admits to booking slump

Carnival admits to booking slump
By admin


Carnival Corporation has reported a global bookings decline in the “mid teens” while Costa sales are down “significantly” following the Concordia tragedy last month.

In a regulatory filing, the cruise giant admitted the impact had been felt in the 12 days after the grounding but predicted there would be no long term damage to its business.
“Excluding Costa our fleetwide booking volumes subsequent to the incident through January 25 declined in the mid teens compared to the prior year,” Carnival said.
Costa’s slump was more difficult to determine because of “re-booking activity stemming from the loss of the ship’s use and related redeployments”.
“However, we believe it to be down significantly,” the filing revealed. “Despite these recent trends we believe the incident will not have a significant long term impact on our business.”
Carnival said it self insures for the loss of ships which will impact the 2012 full year net income by US$85 million to $95m with other related costs mounting to US$30m to $40m.
Carnival also said it expects to face additional financial hits including lower net revenue yields “that are not possible to reasonably determine at this time.”
A damage assessment is being carried out to see if the ship can be repaired.
Meanwhile, the search for victims has been called off with at least a dozen still missing. A total of 17 bodies have been recovered.
A number of class actions are set to be launched against the cruise line.
 

Latest News

  • Destinations
  • News

APT Launches 2025 Asia Adventures

APT has launched its Asia Adventures for 2025, including new luxury holidays in India, Sri Lanka and Japan. Five new tours lead guests to the highlights of India, including a seven-night cruise along the rarely travelled Lower Ganges aboard the Ganges Voyager. Further south, Sri Lanka’s greatest destinations are revealed on a new 15-day Land […]

  • Cruise
  • Luxury
  • News

Seabourn announces Western Kimberley Traditional Owners as Godparents of Seabourn Pursuit

Seabourn has named Western Kimberley Traditional Owners, the Wunambal Gaambera, as Godparents of the ultra-luxury purpose-built Seabourn Pursuit. It is the first cruise line to appoint Traditional Owners as godparents of a ship. Seabourn Pursuit embarks on its inaugural season in the Kimberley region this June. The naming ceremony will take place on Seabourn Pursuit’s […]

  • Luxury

Malolo Island Resort opens brand new Spa

Fiji’s Malolo Island has added another string to its bow – opening its $1.3 million day spa on Thursday, 18th April 2024. (Lead Image: matriarch Rosie Whitton with spa staff) Located at the edge of the resort’s luscious patch of tropical rainforest, the new “Leilani’s Spa” adds another level of elevated experiences to Malolo’s already […]