HIGH profile problems involving Carnival Triumph, Carnival Sunshine & Costa Concordia have affected the bottom line of Carnival Cruises Corp, with the company revising its profit forecasts down for the second time. Earlier this year, the company reissued projected share returns from $2.20-$2.40 per share down to $1.80-$2.10 each, with...
HIGH profile problems involving Carnival
Triumph, Carnival Sunshine & Costa Concordia
have affected the bottom line of Carnival
Cruises Corp, with the company revising its
profit forecasts down for the second time.
Earlier this year, the company reissued
projected share returns from $2.20-$2.40 per
share down to $1.80-$2.10 each, with the
latest revision now down to $1.45-$1.65 each.
The company is moving to arrest the image
of the recent negative headlines by spending
$700m on fleet-wide upgrades (CW 18 Apr),
however the company confirmed that cruise
cancellation figures were higher than normal.