"Diamond Princess" Outbreak Of Sister Ship Carnival Group Into "Darkest Moment"

Following the outbreak of the new crown pneumonia in the "Diamond Princess" cruise ship, the sister princess "supreme Princess" fell into a pandemic. According to the first batch of inspection results, 21 people on the "supreme Princess" cruise ship were diagnosed with new crown pneumonia, including 2 passengers and 19 crew members.

Gavin Newsom, governor of California, 8, said that the "supreme Princess" cruise ship will be on a 9 day docking at a non commercial port in Oakland, California. Passengers will be disembarked in batches and quarantined.

The world's third largest cruise brand, Princess Cruise, belongs to Carnival group, the largest resort company in the world. Princess Cruise's series of epidemics brought Carnival group to a darkest moment. On the last trading day of last weekend (March 6th), the US listed carnival cruise ship was priced at a minimum of $26.1, down 49.6% from its January 17th peak of $51.94, almost cut short.

With the spread of the epidemic in the United States, people are more and more afraid to sit in the airtight airliner. The cruise industry is also trying to save the industry. On March 7th, vice president Burns met with cruise industry executives in Florida and said that cruise ships would continue. The US government can not help but take a cruise, but it is only a reminder that people with potential health problems are not suitable for cruise travel.

Meanwhile, the Miami based cruise company will work out more stringent quarantine requirements, begin screening with passengers with temperature checks, and transfer sick passengers to medical facilities on land. These actions will be completed within 72 hours.

Princess supreme was also attacked by the epidemic.

The plan is announced by Vice President Burns after meeting with Carnival Corp, Royal Caribbean cruise limited, Norway cruise ship and chief executive of Mediterranean cruise. It is worth mentioning that in the current global market, it is these four major cruise ships that monopolize over 80% of the market.

After the important meeting of the cruise industry that day, Burns and the US government have decided to speed up the handling of the Princess Royal Cruise and avoid doubling on the boat for too long.

It is reported that the confirmed patients on the supreme Princess ship will be disembarked first and be treated at the medical institutions in California. California residents without symptoms will be sent to Travis Air Force Base near California's Sacramento and the Miramar Marine Corps Air Station near Santiago, and passengers from other states of the United States will be sent to Sanantonio La, Texas. The Klan joint base and the multi bin Air Force Base in Georgia are isolated.

As for the hundreds of foreign passengers from 54 countries on the cruise, the US Department of health and human services said they were in close contact with their home countries to arrange charter flights to return to the country. The "supreme Princess" will leave the port of Oakland after passengers disembark and stay in the open sea of California. The 1100 crew members will be quarantined on board.

In fact, the United States government has had a huge controversy over the handling of the supreme princess. President Trump said in March 6th that he did not want the passengers and crew to go ashore, but should remain on board. But there was a warning from the diamond princess that isolation on the ship was obviously worse, so the president of the princess cruise company said that it is very important to deal with the most dangerous people quickly to prevent the spread of the virus.

The "supreme Princess" cruise left San Francisco for Mexico in February 11th, and returned to San Francisco on the 21 day, then opened a new journey to Hawaii. However, a 71 year old male passenger died in March 4th after returning home in from February 11th to 21st, becoming the first case of new crown pneumonia in California. After receiving the news, the "supreme Princess" cancelled the call to Mexico and drove back to San Francisco, and was trapped on the sea about 50 miles away from San Francisco on the 5 day.

There are 3533 people on the supreme princess, including 2422 guests and 1111 crew members. The Chinese Consulate General in San Francisco said that there were 11 Chinese staff members and 9 Chinese passengers from the mainland on the "supreme Princess".

Compensation and airline cancellation

With the spread of the new crown pneumonia epidemic in the United States and the outbreak of the "Princess Royal" and "Diamond Princess" cruise ships, in March 5th, the US government issued an urgent notice demanding that US citizens, especially those with underlying diseases, should not travel by Cruise.

This warning is also a great deal of caution to the cruise industry, because according to the International Cruise Association CLIA, in 2018, the number of passengers over 70 years old accounted for 14% of the cruise passenger group, and 19% of the 60-69 year old people. It can be said that retirees are the largest source of customers in the cruise market.

Cruise companies are also actively reversing the adverse situation.

After the outbreak, the Princess Cruises announced that all guests on the supreme princess will receive a full refund, while the princess cruise will also make reasonable compensation for additional expenses such as ticket alterations. In addition, all passengers will be eligible for future voyage booking equal to the tickets purchased.

In addition, the latest announcement of the princess's official website in March 8th showed that the travel of its 7 Princess Cruises has changed and cancelled. For example, Grand Princess, Royal Princess and Sun Princess cancelled the voyage in March 7th; and Sapphire Princess not only cancelled the entire March voyage, but also suspended the operation of all flights from June 3, 2020 to September 30th from Shanghai, which meant that the cruise ship of the princess cruise ship in the Chinese cruise market almost all cancelled this year.

In addition, after consultations with Burns, the cruise company will further strengthen the entry and exit inspection and establish COVID-19 virus detection on board.

Burns also revealed that the cruise industry will cooperate with the public health institutions such as the CDC, formulate quarantine standards for ships, and transport sick passengers to shore for treatment.

Share price suffered "cut back"

In fact, the "supreme Princess" is already the third cruise ship in the carnival.

On February 1st, a new Hongkong coronavirus was found to be infected with a new passenger's "Diamond Princess" on the carnival. It was not until March 1st that all the crew on board got off the boat, and the number of confirmed persons aboard was as high as 696.

Almost at the same time, Carnival's Dutch cruise ship was refused to stop by many ports in Japan, Korea, Guam and Thailand because of suspected new coronavirus infection. The Sihanouk was finally accepted by port of Kampuchea in February 13th. On the evening of February 15th, the Ministry of health of Malaysia announced that a 85 year old American woman who came down from the "Wei Dan" cruise ship was diagnosed with a new coronavirus.

The cruise company has repeatedly diagnosed the new crown virus case, and the impact on the Carnival Cruise group is self-evident.

The most obvious performance is stock price change. Since the outbreak of the epidemic, the price of the carnival cruise ship has plummeted. In January 17th, the closing price of Carnival Cruise shares was $51.94, while in March 6th, the closing price of Carnival Cruise shares fell to $27.15, down 47.7%.

"Brothers and sisters" and Royal Caribbean cruise and Norway real cruise. Royal Caribbean closed at $65.01 a share last Friday, down 51.9% from January 17th. The Norway cruise liner closed at $27.01 a share last Friday, down 54.7% from January 17th.

Carnival Corp believes that due to the influence of coronavirus, its global booking and cancellation of the voyage will have a significant impact on its financial performance, which was not expected before the company's 2020 earnings guidance.

Due to the constant evolution of the situation, Carnival Corp is unable to determine all its financial implications for its 2020 fiscal year. But if the company has to suspend all its operations in Asia before the end of April, this will affect its financial performance of $0.55 to $0.65 per share in fiscal 2020. In addition, the impact on global booking will further affect the company's financial performance. Carnival Corp is currently assessing the impact of the emergency plan, and will release its first quarter earnings report in 2020 at the end of March.

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