Royal Caribbean International announced Thursday it had canceled 18 cruises in Southeast Asia as a result of the ongoing coronavirus-outbreak.html” target=”_self” rel=”nofollow noopener noreferrer”>coronavirus outbreak.
According to Reuters.com, Royal Caribbean officials revealed the 18 canceled cruises would result in a drop of 65 cents per share as part of the cruise line’s full-year earnings. If the company cancels its remaining sailings in Asia through the end of April, the earnings per share will drop by another 55 cents in 2020.
Trending Now
coronavirus-outbreak” rel=”nofollow”>
Royal Caribbean recently revealed its 2020 adjusted earnings forecast, but the viral outbreak which originated in China’s Hubei province will impact the bottom line. As a result, the cruise line’s stock prices dropped, dragging down other companies like Carnival Corporation and Norwegian Cruise Line.
In total, the coronavirus has killed more than 1,300 people and impacted the travel industry with restrictions and cancellations throughout Southeast Asia.
Carnival also announced earlier this week it had suspended cruise operations at ports in China
Last week, Norwegian Cruise Line canceled all Asia-bound sailings aboard Norwegian Spirit from April 15 through December 7 due to growing concerns regarding coronavirus.
In addition, Holland America’s MS Westerdam was finally able to anchor in Cambodia Friday after being blocked from docking at several ports in Asia due to concerns about the viral outbreak.
A laptop caught fire aboard an American Airlines flight on Friday, August 21. American Airlines…
American Airlines announced on Tuesday that it would add more premium seats and bring back…
A bankruptcy court has postponed approval of Google’s purchase of Spirit Airlines data amid objections…
A fake Wi-Fi signal was discovered on a Delta flight from Las Vegas to Atlanta…
A live bullet was discovered aboard a United Airlines flight from Denver to San Diego…