Carnival Wreck Timing May Exacerbate Cruise Business Loss – Bloomberg
Is it this?
The timing of Carnival Corp. (CCL)’s Costa Concordia cruise ship’s grounding off the coast of Italy, at the start of the peak booking season, may exacerbate the company’s losses.
About one-third of all cruise vacations are arranged during the so-called wave season from January to March, said Sharon Zackfia, an analyst with William Blair & Co. in Chicago.
“They’re the most profitable bookings,” Zackfia said in an interview. “Presumably most people now are booking for the key summer season, which is when the cruise lines make the bulk of their money.”
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