Royal Caribbean cancels 18 cruises, warns coronavirus hit to yearly profit

13 Feb by Vitaliy Dadalyan

Royal Caribbean cancels 18 cruises, warns coronavirus hit to yearly profit

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Royal Caribbean cancels 18 cruises, warns coronavirus hit to yearly profitThe epidemic, which originated in China’s Hubei province and has killed more than 1,300 people, has taken a toll on cruise operators as travel restriction and fear of the virus spreading have led to cancellations of trips to the Far East. Last week, Royal Caribbean said it canceled eight cruises out of China through March 4 and warned of a 25 cent impact to its first quarter earnings. The company said the 18 canceled cruises would cut its full-year earnings per share by 65 cents, warning that cancelling all its remaining sailings in Asia through the end of April, would reduce its earnings per share by another 55 cents in 2020.