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Fly News Breaks for February 19, 2020
Feb 19, 2020 | 06:53 EDT
Berenberg analyst Stuart Gordon says his analysis on the impact of the coronavirus on sailings in Asia reinforces his preference for Norwegian Cruise Line (NCLH), with Royal Caribbean (RCL) remaining more attractive than Carnival (CCL). Norwegian has the lowest exposure to China, Gordon tells investors in a research note. While the company is yet to quantify coronavirus outbreak's impact, cancellation of one ship's summer season is expected to hit earnings per share by about 15c to 25c, Gordon notes, citing his analysis. By comparison, Royal forecast cancellations to hit earnings per share by 65c, increasing by another 55c if they continue past April, and Carnival faces an earnings per share impact of 55c-65c, assuming cancellations in Asia through April, the analyst points out.
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