Royal Caribbean cancels 18 cruises due to virus, crimping profit

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Travel restrictions have forced the industry to turn away customers. FMTNews

Cruise ships have been quarantined or not allowed to disembark over fears of spreading the virus.

The shares fell as much as 2.7% to US$110.60 after Royal Caribbean released the statement. Analysts had projected earnings of US$10.21 a share this year, according to data compiled by Bloomberg.Travel restrictions have forced the industry to turn away customers, and ships have been quarantined or not allowed to disembark in ports over fears of spreading the illness.

 

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