Carnival cuts 2019 profit on Cuba travel ban, higher expenses

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Carnival cuts 2019 profit on Cuba travel ban, higher expenses
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Carnival cut its profit forecast for the year on Thursday due to the Trump administration's sudden ban on cruises to Cuba and higher expenses related itinerary changes for one of its ships.

Carnival is the latest company to warn of the financial impact of the United States banning visits to the Caribbean island via passenger and recreational vessels, a move that sent cruise operators scrambling to rearrange their itineraries.

The Miami-based company said the ban on travel to Cuba would have about a 4 cent to 6 cent per share impact on its full-year earnings, while changes to cruise itineraries for its Carnival Vista ship, which has been unable to sail at regular cruising speed, would have an 8 to 10 cent impact.

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