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Cruises

Carnival’s Europe Business Is Running Into Brexit Uncertainty

Hannah Sampson

Photo Credit: Costa neoRivera, part of the larger Carnival Corp. fleet, is shown in Montenegro in this photo from November 2018. Carnival released quarterly earnings Tuesday.  Flickr / Sergey Yeliseev

Skift Take

Carnival Corp.’s global reach can be a double-edged sword: The company isn’t dependent on just one market to fill its ships, but it’s also exposed to instability in wide swaths of the world.

The world's largest cruise operator is feeling the brunt of Europe's instability. Carnival Corp., which has lines that cater to British, German, and Italian travelers, said during an earnings call Tuesday that bookings in Europe and Asia are ahead of where they were a year ago, but at lower prices. CEO Arnold Donald said the company has run up against multiple forces: "Brexit uncertainty in the U.K., heightened political uncertainty in Germany and France, as well as ongoing economic malaise in much of Europe, including Italy." But, he said, "Despite those headwinds, wave season was consistent with the strengthened demand we ex

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