Carnival Cruise Company has revealed that bookings for cruises have gone down significantly since the Costa Concordia crashing. Carnival Corp., the parent company of 10 major cruise brands including Costa, Carnival, Princess and Holland America, said in a regulatory filing that bookings at its non-Costa brands declined "in the mid-teens," percentage-wise, in the 12 days after the Jan. 13 accident as compared with the same period a year ago.
Bookings for Costa are down to although it is hard to get percentages for that.
"Costa's booking activity is difficult to interpret because of the significant re-booking activity stemming from the loss of the ship's use and related re-deployments, however we believe it to be down significantly," the company says in a 10-K regulatory filing with the U.S. Securities and Exchange Commission.
"Despite these recent trends, we believe the incident will not have a significant long-term impact on our business," it says.
Carnival also updated its estimate of the immediate financial impact of the accident. The company said costs related to loss of use of the ship for the rest of the fiscal year, insurance deductibles and other related costs could be $155 million to $175 million, or about $0.20 to $0.22 per share.
Carnival is now determining the coast of repairing the Costa Concordia and seeing if that is even possible at this point.
By Ryan Bockmier
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