Skip to main content

Coronavirus: Carnival warns of 'material impact' on 2020 profits

Cruise
Tom Parry
13 February 2020

Coronavirus will have a “material impact” on Carnival Corporation’s financial results – unanticipated in the company’s previous 2020 earnings guidance.

Donald was appointed to the Carnival Corporation board in 2001

The cruise giant said as the situation in Asia surrounding the virus continued to evolve, it was “currently unable to determine the full financial impact” it would have upon trading.

However, Carnival said although it was not currently planning to suspend its Asia operations, hypothetically doing so through to the end of April, would impact its 2020 performance by $0.55 to $0.65 per share, including any guest compensation.

The company is currently evaluating contingency plans to “mitigate the impact” of Coronavirus and said in a statement it would be providing an update with its first quarter 2020 earnings release in late March.