United States

Cruises, air travel expected to take financial hit from coronavirus

The coronavirus crisis that has engulfed China could sicken one leading cruise line and the air travel industry, companies say. Cruise operator Carnival Corporation indicated the outbreak — which has killed more than 1,100 people — may cause its earnings to take on water this year, while Boeing officials predicted it would stall the air cargo industry and cut into airline revenues. The spreading virus forced Carnival to halt cruise operations at Chinese ports and has now started to cause trip cancellations in other parts of Asia, the company said in a Wednesday news release. The Miami-based travel giant warned its financial performance for the fiscal year could take a hit of 55 to 65 cents per share if it has to suspend all Asian ...