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Carnival downgrades full-year expectations

Carnival downgrades full-year expectations

Half-year results from Carnival (CCL) included a downgrade to full-year earnings forecasts, as the cruise operator now expects full-year EPS to be between $4.25 and $4.35 (£3.34-£3.42), down 10¢ from the upper end of guidance given in March. This is due to a combination of voyage disruptions related to Carnival Vista, the US government’s policy change on travel to Cuba, combined with lower net revenue yields in the second half of the year. President Trump’s move on Cuba has had logistical implications, as operators have been forced to reroute cruises, many of which are booked well in advance.

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