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Royal Caribbean cuts earnings guidance, warns more cruises may be canceled amid coronavirus uncertainty

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Royal Caribbean Cruises warned of more canceled cruises in its fourth-quarter earnings call Tuesday and said it expects to take an earnings hit of 25 cents per share after canceling eight cruises out of China because of the coronavirus outbreak.

warned of more canceled cruises in its fourth-quarter earnings call Tuesday and said it expects to take an earnings hit of 25 cents per share after canceling eight cruises out of China because of the coronavirus outbreak.

The company has already canceled eight cruises out of China and modified itineraries for other trips, including the complete removal of its Spectrum of the Seas ship from service in China. It has contingency plans in place in case the outbreak spreads further, according to Executive Vice President and CFO Jason Liberty.

"I think that everyone understands that the best way to deal with an outbreak is to contain it," he said.

Source: News Formal (newsformal.com)

 

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