Thursday, September 09, 2004

FRANCES COSTS A NOT-SO-PRETTY PENNY: Powerhouse Carnival Corporation & plc estimates the financial impact of Hurricane Frances on its fourth quarter earnings will be from $0.03 to $0.04 per share. Severe weather affecting south and central Florida and subsequent port closures forced the cruise giant to scrap three Carnival voyages and shorten the itineraries for other brands as well - four for the Fun Ships 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 based on closure of the Freeport, Bahamas, dry-dock facility where one of its ships was getting a makeover. Guests on cancelled voyages received 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 for full refunds or future cruise credits. Also incurred were 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. "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."

10 Comments:

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Cool Blog, I never really thought about it that way.

I have a Hurricane Katrina blog. It pretty much covers hurricane related stuff.

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Blogger TheDevilIsInTheDetails said...

Be prepared for the next hurricane rita update or find another one that's similar. As the Boy Scouts say: "Be Prepared"!

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