Carnival Corporation & plc announced that it estimates that the financial impact of Hurricane Frances on its fourth quarter earnings will be approximately $0.03 to $0.04 per share…
Carnival Corporation & plc announced that it estimates that the financial impact of Hurricane Frances on its fourth quarter earnings will be approximately $0.03 to $0.04 per share. The severe weather affecting South and Central Florida and the subsequent port closures forced the company to cancel three Carnival Cruise Lines voyages and shorten the itineraries for six of its brands` cruises – four for Carnival Cruise Lines and one each for Holland America Line and Princess Cruises.
The company`s P&O Cruises Australia unit was forced to cancel a future 10-day voyage as a result of the closure of the Freeport, Bahamas, dry-dock facility where one of its ships was undergoing an extensive refurbishment.
Guests on cancelled voyages were provided with full refunds or future cruise credits. Guests on abbreviated cruises had the option of sailing and receiving partial refunds, future cruise credits and shipboard credits, or canceling and receiving full refunds or future cruise credits.
Carnival Corporation & plc also incurred incidental costs to transport passengers to alternate ports of embarkation/debarkation.
Never in our company`s history has a hurricane been so disruptive, causing a number of itineraries to be modified and the closing of Florida`s four major cruise ports, said Howard Frank, vice chairman and chief operating officer for Carnival Corporation & plc. The storm struck Florida for a prolonged period over a weekend, when many of our ships were scheduled to embark and disembark guests, significantly magnifying the impact, he added.
Frank also noted that Our employees, both shipboard and shoreside, did an outstanding job handling our guests` needs and responding to a variety of rapidly changing situations. We would also like to thank our guests for their patience and cooperation during this challenging period and we apologize to them for the inconvenience caused by these disruptions.
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