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Cruises, air travel expected to take financial hit from coronavirus

02/13/2020| 3:09:16 PM|

Cruise operator Carnival Corporation halted business at Chinese ports and received trip cancellations in other parts of Asia.

The coronavirus crisis that has engulfed China could sicken one leading cruise line and the air travel industry, companies say.

Cruise operator Carnival Corporation indicated the outbreak — which has killed more than 1,100 people — may cause its earnings to take on the water this year, while Boeing officials predicted it would stall the air cargo industry and cut into airline revenues.

The spreading virus forced Carnival to halt cruise operations at Chinese ports and has now started to cause trip cancellations in other parts of Asia, the company said in a Wednesday news release.

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TAGS: Carnival Corporation | air travel | Boeing
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