Carnival results are to drop by $0.08 to $0.10 per share in terms of net profit in the first half of fiscal 2013 because of the financial impact of voyage disruptions and related repair costs, the company said in a press release. The estimate comes after of its ships went adrift in the Gulf of Mexico following an engine fire that left the craft without propulsion.
The ship is currently being pulled by tugboat to the port of Mobile, Ala. The company has pledged to refund the passengers of the stricken vessel, plus reimburse their transportation expenses and give them credit for a future cruise.
The article Carnival Estimates Financial Impact of Voyage Disruptions originally appeared on Fool.com.Fool contributor Eric Volkman and The Motley Fool have no position in Carnival. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.