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Thursday, March 12, 2020

Princess Cruises pauses operation

In a proactive response to the unpredictable circumstances evolving from the global spread of Covid-19, Princess Cruises says it will voluntarily pause global operations of its 18 cruise ships for 60 days.
Those currently on board a cruise that will end in the next five days will continue to sail as expected through the end of the itinerary so that onward travel arrangements are not disrupted.
Current voyages that are underway and extend beyond March 17 will be ended at the most convenient location for guests, factoring in operational requirements.
“While this is a difficult business decision, we firmly believe it is the right one and is in alignment with our company’s core values. Rest assured the long-serving and dedicated professionals at our company will make best use of this time to prepare Princess Cruises’ fleet of cruise ships for a successful return to operation to serve our guests by delivering an exceptional vacation experience,” CEO Jan Swartz said in a video post.
Related tickers: CCL, NCLH, RCL
https://seekingalpha.com/news/3551016-princess-cruises-pauses-operations

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