As June Cruise Cancellations Begin, Carnival Risks Losing This $390 Million Business
As cruise ship operators begin canceling their June voyages, Carnival (NYSE: CCL)(NYSE: CUK) risks losing a particularly lucrative piece of business. It announced its voyages to Alaska on ships from its Holland America and Princess brands that were scheduled through the end of June have now been canceled.
The Alaska cruise season runs from May through September, but July and August are considered its peak. And though that particular itinerary is only a small part of Carnival's total revenue, generating just $390 million in 2019 through its Holland America hotel and transportation business, it and the rest of the industry are on the cusp of missing out on a crucial near-term revenue source.
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Source Fool.com