It’s no secret that cruise lines have been hit hard by the pandemic. But $8 billion is still a startling figure. Carnival Corporation, which includes Holland America, Carnival Cruises, Princess Cruises, Cunard, Seabourn, and Costa Cruises, is reporting a $2 billion (all figures USD) loss for the fourth quarter of 2021. Open Jaw reports the company’s loss for the year is nearly $8 billion. Still, Carnival President and CEO Arnold Donald says he sees sunnier days ahead for the second half of next year. “Our cash from operations turned positive in the month of November, and we expect consistently positive Read more
Carnival Corp.
THE FUTURE OF TRAVEL This is a continuation of my Future of Travel blog series. Few areas of the travel industry have taken a bigger public relations hit than cruising. But there may be some surprising signs of strength. Here’s a story published the other day on the U.S. TravelWeekly website. TravelWeekly is part of the Northstar Travel Group, as is TravelPulse Canada, where I serve as senior editorial director. The media’s coverage of ships with Covid-19 outbreaks has left cruising arguably the hardest hit of any travel product. It was the first industry to shut down completely, and its Read more
