Market Overview

Carnival's Princess Cruises Reports Voluntary Pause Of Worldwide Ship Operations For 60 Days

Share:
Carnival's Princess Cruises Reports Voluntary Pause Of Worldwide Ship Operations For 60 Days

Carnival Corp’s (NYSE: CCL) Princess Cruises has taken the initiative and announced a voluntary pause of worldwide cruises for 60 days due to the coronavirus spread.

Princess Cruises says it plans to be back in operation by May 11.

Those passengers currently onboard a cruise that will end in the next five days will continue to sail as expected through the end of the itinerary so that onward travel arrangements are not disrupted.

The company serves more than 50,000 guests daily from 70 countries and has been managing the implications of COVID-19 on two continents.

"By taking this bold action voluntarily causing the operations of our ships, it is our intention to reassure our loyal guests, team members and global stakeholders of our commitment to the health, safety and well-being of all who sail with us, as well as those who do business with us, and the countries and communities we visit around the world," said Jan Swartz, president of Princess Cruise.

Carnival Cruise shares were down 20% at $17.59 in Thursday’s pre-market session. The stock has a 52-week high of $57.69 and a 52-week low of $20.20.

Related Links:

Cruise Liner Shares Bounce Despite Continued Coronavirus Concerns

Carnival Falls After Cutting Guidance

 

Related Articles (CCL)

View Comments and Join the Discussion!

Posted-In: coronavirus Princess CruisesNews Travel General Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com