Carnival Estimates Baltimore Bridge Impact on Cruises
Photo Credit: Carnival could lose up $10 million due to the collapse of the Francis Scott Key Bridge Unsplash / John Bell
Skift Take
Carnival is the first cruise line to note the potential impact of the tragic Francis Scott Key Bridge collapse on the industry. A key port will be temporarily unavailable.
Carnival Corp. executives told investors Wednesday that a tragic bridge collapse in Baltimore might cost the cruise line operator up to $10 million this year.
During a first-quarter earnings call, David Bernstein, chief financial officer of Carnival Cruise Corporation, said the cruise line operator may lose “up to $10 million for the full year 2024 from the temporary change in home port." Bernstein referred to a possible impact on adjusted net income and adjusted EBITDA.
On March 26, the Francis Scott Key Bridge connecting Baltimore and Dundalk in Maryland collapsed after a container ship struck one of its pillars.
The deadly event stop
