Carnival Corporation has analysed the financial disruption of the Trump administration’s ban on US cruise calls to Cuba and the “heightened geopolitical and macroeconomic headwinds” affecting its brands in Germany and Italy.
The cruise conglomerate also faces disruption due to Carnival Cruise Line ship Carnival Vista having to cancel three sailings in July for repairs due to a mechanical issues.
Shares fell by 8% late last week, while its annual earnings guidance was cut to $4.25-$4.35 adjusted profit per share, down from a previous estimate of $4.35-$4.55.
Second quarter profits fell to $451 million from $561 million compared with the previous year as revenue increased to $4.8 billion from $4.4 billion.
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