Carnival Suspending Princess Cruise Operations Due to Global Coronavirus Pandemic
One day after the World Health Organization officially characterized COVID-19 as a pandemic, Carnival Corporation (NYSE: CCL) has voluntarily suspended global operations for its popular Princess Cruises. In an official statement from the company, it stated that all 18 cruise ships operating under the Princess name will not be departing for their scheduled cruises. The pause is effective immediately and will last until May 10 -- 60 days.
Investors didn't receive this surprise announcement well. The stock was paused in pre-market trading while the announcement was made, before opening the day down 18%.
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Source Fool.com
