Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
They dont have the staff to increase capacity. It takes time to train them. You also still have qauarentine cabins onboard which get used a fair bit but never disclosoe numbers. Until we get rid of testing for Covid it is always going to be a hurdle.
Bit of a carnage at the moment for all stocks but travel taking a beating in US. So its not just Carnival.
Carnival have made some really bad moves during the pandemic and laid off so many staff. They now need these staff to answer phones and work on ships to get capacity back up.
I heard they laid off 600 staff in the UK offices.
Have to say the UK market is busy. Pricing for 2023 is very low.
Biggest concern is us domestic market with Carnival, Princess and HAL. If the yanks don't travel due to us inflation and covid its a long haul back. But Carnival will never go under.
Old ships, funding is going to be an issue, maiden voyage already moved back.
Prices being hammered as they cant fill the product, Hardly competition to Saga.
CEO has had more jobs than Tommy Docherty.
Will be surprised if its around in five years.
Agree its a small part but it's a massive investment. The days of leasing ships is gone. Jet2 taking off face coverings on certain flights. BA also looking at it could give a huge lift to travel stocks in coming months
Well they dumped most of the travel trade, desperate to save costs, you only have to look at Crystal Cruises to see what a mess you can get yourself into. Lot of crusie companies hanging on by their finger nails and Saga is running out of options. But the ocean product is superb and never had a bad review from any client.
But the cost of living in the west will go through the roof in the short term. Gas, Wheat, Alluminum, Tin, just to name a few.. But many countries in Europe have depended on Putin for too long. Massive wake up call for the world. Putin is cornered and China is going to have to get involved as this is getting out hand.
Sad day that Saga is moving away from the travel trade. Very short sighted and will hit Saga hard.
Good luck filling your ships and tours. Dreadful way to treat the trade who got behind you.
I hope your right. Its been a blodbath for the travel industry.
Were only a small company but we have had numerous cancellations for New Year with Cunard and P/O.
They complete the medical form and cant travel. Its very depressing. Thats the 14th booking since after xmas.
Thats not great news. Will this nightmare every end.
The US Centers for Disease Control and Prevention (CDC) on Thursday (30 December) strengthened its advice for cruising, upping its warning for cruise travel to level four – its highest level.
The CDC said Covid-19 was continuing to spread quickly in confined spaces, such as on a ship, and said the likelihood of infection was therefore high.
Americans have been warned to avoid cruising – irrespective of their vaccination status – owing to a heightened risk of catching Covid-19.
It also said there had been an increase in cases onboard cruise ships following the emergence of the Omicron variant of Covid-19, now known to be significantly more transmissible than earlier variants.
The CDC is recommending cruise passengers get tested up to 72 hours prior to embarkation, and again three to five days into their cruise – regardless of their vaccination status.
It is also urging unvaccinated cruise passengers to self-isolate for a week after disembarking.
The health authority is currently monitoring Covid-19 outbreaks on 92 cruise ships, up from 86 earlier this week.
It is colour-coding ships according to evidence of "sustained transmission" of Covid onboard; currently, no ships have been marked red.
Carnival has made it very easy for a customer to cancel a cruise on the medical declaration form 3 days before sailing. We have had loads of cancellations and to be honest customers just don't want to travel. But the clients who do travel have all given positive feedback about everything especially on Cunard. It's going to be another painful year for the cruise industry and I have had to let staff go as were getting zero support.
Like to see some directors buy some stock on the open market.
Today has been horrific and shows that it is very important how you word updates.
I'm sure we have become even more attractive for a buyout.
Nigel needs to step up.