Carnival corp. tips

Carnival Corp. executives told investors Wednesday that a tragic bridge collapse in Baltimore might cost the cruise line operator up to $10 million this year.

Carnival Corp’s Australian unit has been ordered to pay the medical expenses of a woman who contracted Covid-19, with a judge ruling that the cruise ship operator misled passengers about safety risks in a landmark class action ruling.

Australia’s Home Affairs Minister on Saturday sought to reassure the public that COVID-19 protocols were adequate after a cruise ship with hundreds of infected passengers docked in Sydney.

Carnival CEO Josh Weinstein said, during Wednesday’s earnings call for its fiscal fourth quarter that ended on November 30, some consumers are a bit weary about booking cruises with Covid and flu cases on the rise. But that didn’t dampen his optimism about 2023 with Carnival seeing a surge in bookings for the new year, after years of seeing its business being dogged by the pandemic with onboard outbreaks, deaths, and plenty of bad publicity.

Outgoing Norwegian Cruise Line CEO and President Frank Del Rio took first place among the highest paid cruise CEOs, with $8.7 million in compensation in 2022. Cruise executives were evaluated largely based on how well they led their companies as their industry recovered after a rough two years of Covid with little-to-zero demand.