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Too soon to gauge Brussels impact, but CCL is holding its guidance

The impact of the Brussels terrorist acts on cruise bookings got surprisingly little play—just two questions—during Carnival Corp. & plc's first quarter earnings call.

Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

March 30, 2016

1 Min Read
Credit: Seatrade Cruise News

'It's too early for us to know the impact,' Carnival president and ceo Arnold Donald said. Historically, such as after the Paris attacks, there was 'some impact on bookings' but that 'faded pretty quickly.'

So far, Carnival hasn't detected 'anything dramatic' as a result of Brussels.

'Right now, we see no reason to change guidance,' Donald said.

In fact, today Carnival lifted the midpoint of its full-year 2016 earnings guidance by a nickel per share on stronger bookings and pricing.

There have been some itinerary changes based on terrorist incidents. Particularly in the past year, lines have dropped Turkey, though a number of Carnival brands are still going there.

Carnival is continuously in touch with security experts and safety is the company's top priority, Donald said, but what's guiding these decisions is 'guests' desires to go to destinations.'

About the Author

Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She has been the cruise columnist for AFAR.com, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

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