Cruise ship operators across the world, especially in Asia, are experiencing a crisis with few precedents.
The Covid-19 outbreak that started in China has spread across the region, and around the world – it’s currently confirmed to be present in nearly 30 countries and territories.
For cruise lines, the outbreak has been one public relations disaster after another, with passengers quarantined on ships such as the World Dream in Hong Kong and Carnival Corp.’s Diamond Princess in Japan.
Another incident involving a cruise ship with possibly infected passengers unfolded on Thursday, this time in Sydney. What would be the fifth cruise ship to face some level of quarantine (or some other form of trouble) since the outbreak went global last month is currently being held under a quarantine order in Sydney Harbor.
The leading cruise ship operator in Asia, Carnival Corporation & plc, published a press release on Wednesday detailing that if it suspended all operations across Asia until the end of April due to the virus outbreak, then it would realize a severe financial impact.
“…if the company had to suspend all of its operations in Asia through the end of April, this would impact its fiscal 2020 financial performance by $0.55 to $0.65 per share, which includes guest compensation.”