Carnival will not sail through Red Sea in 2024, early next year, CFO says [Reuters]
D/B/A Royal Caribbean Cruises Ltd. (RCL)
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Source: Reuters
through the Red Sea region for the rest of this year and early next year given persistent hostilities across the key shipping route. Even though 2024 is expected to be a record year for cruise travel, operators such as Carnival and rival Royal Caribbean (RCL.N) , opens new tab are exercising caution as attacks by Iranian-backed Houthi militants on vessels in the Red Sea disrupt shipping in the Suez Canal, the fastest sea route between Asia and Europe. Carnival raised its expected 2024 adjusted earnings impact from the re-routing of ships to 9 cents per share, from 7-8 cents estimated in January , opens new tab "We decided that it was time to recognize the fact that we probably won't be sailing there, and perhaps for the rest of this year and perhaps early in 2025 as well," CFO David Bernstein told Reuters in an interview. In January, the Miami-based company re-routed itineraries for 12 ships across seven brands through May as the Houthi militant group stepped up attacks on Isr
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News
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- Hard Rock International, Royal Caribbean International and Celebrity Cruises Announce Global Partnership, Bringing Travel Benefits Across Land and SeaPR Newswire
- Royal Caribbean Cruises Ltd. (NYSE: RCL) had its price target raised by analysts at Wells Fargo & Company from $153.00 to $159.00. They now have an "overweight" rating on the stock.MarketBeat
RCL
Earnings
- 4/25/24 - Beat
RCL
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 144
- 4/25/24 - Form 10-Q
- RCL's page on the SEC website