Carnival Corporation & plc Reports Financial Impact of Itinerary Changes Responding to H1N1 Influenza Mexico Travel Advisory; Plans Rapid Return to Popular Mex...( MIAMI May 18 /- Carnival Corporation ...),Health
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Carnival Corporation & plc Reports Financial Impact of Itinerary Changes Responding to H1N1 Influenza Mexico Travel Advisory; Plans Rapid Return to Popular Mexican Ports
Date:5/18/2009
MIAMI, May 18 /PRNewswire-FirstCall/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE CUK) today announced a financial impact estimated at approximately $0.05 per share, the majority of which will be incurred in the second fiscal quarter of 2009, as a result of modifications to cruise itineraries for the six-week period ended June 15, in response to the U.S. Centers for Disease Control (CDC) recommendation against non-essential travel to Mexico.
The CDC lifted its recommendation against non-essential travel on May 15, allowing for ships to return to popular ports in Mexico's coastal resort areas. However, the potential remains for additional financial impact beyond June 15 which could range up to approximately $0.05 per share bringing the estimated total impact to $0.10 per share on full year 2009 results. The company will continue to monitor booking trends and provide updated guidance on its second quarter earnings call.
Three of the company's brands modified itineraries for 27 cruise ships - 16 for Carnival Cruise Lines, six for Princess Cruises and five for Holland America Line -- to avoid previously scheduled calls in Mexico. In many instances the modifications involved simply substituting another port while others required the development of entirely new itineraries. Princess' and Holland America's Mexico calls are seasonal and conclude this month while Carnival's are year-round.
"Our vessels are resuming their original itineraries as soon as practical but will all be back by the middle of June. The Mexican coastal resort areas where our ships call are some of the most popular destinations for North Americans vacationers. We know that our guests are looking forward to visiting Mexico and that they will have a safe and enjoyable experience there," said Micky Arison, chairman and CEO for Carnival Corporation & plc.
Only the Carnival Cruise Lines brand vessels will
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