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30 Sep 2015
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Refugee crisis makes impact on cruise

Carnival Corporation has admitted that the European refugee crisis has had an impact on cruise travel in the region.

Refugees on the beach in Greece

People fleeing persecution and war in countries such as Syria are arriving in traditional tourists hotspots such as the Greek islands.

 

“[Customers are] asking: ‘Do I want to go to sea and have my vacation disrupted?,’” chief executive Arnold Donald told news agency Bloomberg.

 

“‘What if the ship has to stop to pick up refugees? I don’t know who they are, what am I exposing myself to?’ There is a consternation.”

 

Donald was speaking after the company announced a slight fall in its third-quarter profits.

 

The company reported net income of $1.22bn, down from $1.24bn.

 

Revenue for the three months to the end of August dropped by 1.3% to $4.88bn.

 

Despite this, the results beat expectations and Carnival has upped its guidance for the full year from between $2.35 and $2.50 per share to between $2.56 and $2.60 per share.

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