Carnival’s Cunard Line Adds Another Month to Its Cruise Pause

The financial impact of the COVID-19 pandemic continues to mount for cruise line powerhouse Carnival (NYSE: CCL). The company's Cunard subsidiary said on Monday that it is extending the suspension of its voyages for an additional month, through May 15. That pause had originally been set to run through April 11.

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Cunard is one of Carnival's smallest brands, with three luxury ships -- the Queen Mary 2, Queen Victoria and Queen Elizabeth -- cruising mainly out of Europe. It accounts for roughly 3% of the company's annual sailing capacity.  In a press release, Cunard implied further disruptions ahead that might include more postponements. "The impact of COVID-19 is affecting personal routines and businesses as well as placing significant travel restrictions around the world," said Cunard President Simon Palethorpe explained. "It is too soon to know exactly how this situation will evolve."

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Source Fool.com