Carnival (CCL -1%) will spend over $600M to add extra generators and improved fire suppression...

Carnival (CCL -1%) will spend over $600M to add extra generators and improved fire suppression systems to its fleet of ships run under the Carnival Cruise Lines flag and other cruise lines it owns. The string of headline-grabbing incidents this year with Carnival ships has affected Wave Season bookings, according to industry watchers. While Norwegian Cruise Lines (NCLH -0.9%) is showing strong demand and Royal Caribbean (RCL -0.8%) is mildly ahead of last year's pace, Carnival is discounting prices by as much as 8% and bookings are off by over 10%.

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Comments (2)
  • wyostocks
    , contributor
    Comments (9113) | Send Message
    People are finally wising up and avoiding Carnival?
    There is hope after all.
    17 Apr 2013, 01:31 PM Reply Like
  • frubal
    , contributor
    Comments (6) | Send Message
    Carnival will discount as much as they need to in order to keep their ships filled. These numbers are not much of a surprise. Their other brands can help support them as they get passed this. The announced addition of back up systems should help as well.
    I am long on both CUK and RCL.
    17 Apr 2013, 10:38 PM Reply Like
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