Please ensure Javascript is enabled for purposes of website accessibility

Carnival Starts Canceling Cruises in 2021, Too

By Rhian Hunt – Updated Aug 26, 2020 at 10:48AM

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

These are its first cancellations of booked departures beyond 2020, targeting world cruises.

For at least one major cruise line, the coronavirus pandemic has begun to impact business into next year as well, with Carnival (CCL 4.61%) (CUK 3.91%) shutting down sailings scheduled for the start of 2021. While the company had already delayed resumption of some cruises several months into 2021 or even as far as 2022, these cruises were actually scheduled and booked, then canceled Tuesday, Aug. 25.

The affected sailings fall under the umbrella of Carnival's Princess Cruises brand, and involve two vessels, the Pacific Princess and the Island Princess. The specific voyages are the 2021 World Cruise, which was to embark from the U.S., and the 2021 Circle South America cruise, departing from Australian ports.

Cruise ship health risks.

Image source: Getty Images.

Customers booked on either cruise will be automatically reimbursed with a refundable credit amounting to 125% of the original fare they paid when reserving their cabins. Direct refunds are also available. Travel agents who arranged bookings will also be allowed to keep the commissions they received.

Princess Cruises said it is canceling the cruises because of "restrictions and limitations with border and port access determined by government and health authorities and the continued uncertainty of airline travel." Differing health requirements and travel restrictions in various countries are hampering efforts to restart cruises. One solution Carnival is planning for some September 2020 European sailings are "cruises to nowhere," which begin and end in the same country and simply involve sailing around on the ocean.

Earlier this year, Princess saw approximately 800 coronavirus cases on board, while The Washington Post reported that some of its vessels contributed to the virus' swift spread worldwide.

Rhian Hunt has no position in any of the stocks mentioned. The Motley Fool recommends Carnival. The Motley Fool has a disclosure policy.

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 Stock Quote
Carnival
CCL
$9.75 (4.61%) $0.43
Carnival Corporation & Plc Stock Quote
Carnival Corporation & Plc
CUK
$8.76 (3.91%) $0.33

*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
349%
 
S&P 500 Returns
115%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 11/30/2022.

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.