Carnival cancels trips due to the pandemic

By: Miguel A. Rodriguez

18:19, 12 October 2020

It is not feasible for the company to operate in November

The pandemic effects keep on hitting various industries, with American Airlines and United Airlines announcing last week that they would furlough 32,000 people to keep themselves afloat. Now, a significant company in the cruise sector – Carnival Cruise Lines – has decided to take cost-cutting measures.

The company announced that it would cancel all the remaining cruises for November. The canceled trips are between PortMiami and Port Canaveral. Carnival is following the Centers for Disease Control and Prevention's advice not to organize cruises after the October 31 deadline. Also, Cruise determined that it "will not be feasible" for it to operate.

Besides the American trips, those scheduled to depart from Sydney, between January 16 to February 8 have also been canceled.

During today's trading session, Carnival's share price dropped 2.3%. Year-to-date, Carnival stock price lost 69.8%, while USA500 went up 8.5%.

Read all about what happened in the aviation industry here!


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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.