Please ensure Javascript is enabled for purposes of website accessibility

Carnival Plans to Limit Passenger Numbers When It Starts Cruising Again

By Rhian Hunt - Apr 16, 2020 at 2:50PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Reports indicate it won’t have any trouble filling its passenger lists.

Already looking forward to the moment when its vessels can weigh anchor again with fresh rosters of vacationers aboard, Carnival Corporation (CCL 1.10%) says it might reduce the number of passengers on board each ship for a time to improve safety in the era of the COVID-19 coronavirus. The temporary measures would supplement existing health protocols such as checking passengers for fevers as they board.

The plan might use one or several methods to reduce both the total passengers on board and their potential contact with each other. One proposed method is booking only cabins with direct fresh-air access. Another would consist of allowing booking of alternate cabins only, leaving empty cabins as "spacers" between occupied berths.

A view of workers refreshing the paint on a Carnival ship.

Image source: Carnival Corporation.

Despite the major outbreaks that occurred on several of its cruise ships, Carnival may have little difficulty filling its available cabins once it rolls out the gangplank to welcome cruise-seekers aboard again. The Los Angeles Times reports travel agents are seeing strong booking trends for 2021 cruises as people deprived of the ocean breezes by the coronavirus make their plans for future maritime fun. At least one online cruise agent reported a 40% jump in 2021 bookings compared to 2019.

Carnival has offered both common stock shares and bonds to raise capital, measures intended to help it survive the long mandated suspension of cruises and numerous refunds. Its CEO Arnold Donald says it has enough money on hand to sustain it through the rest of 2020 even if it doesn't earn any more revenue during that period, though the company hopes to open for business again long before next year arrives.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Carnival Corporation Stock Quote
Carnival Corporation
CCL
$8.74 (1.10%) $0.10

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
311%
 
S&P 500 Returns
110%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 07/01/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.