Carnival Reroutes Ships Due to Red Sea Attacks

The decision, affecting 12 ships across seven brands, is expected to impact Carnival's 2024 earnings as tensions rise in the region.

Carnival Cruise Line has rerouted 12 of its ships due to ongoing attacks in the Red Sea by Iran-backed Houthi rebels, affecting seven of its brands.
The rerouting is expected to impact Carnival's adjusted earnings per share by 7 to 8 cents in 2024, with the majority of the impact coming in the second quarter.
Other cruise lines, including Royal Caribbean and MSC Cruises, have also cancelled or rerouted voyages due to the rising tensions in the Red Sea.
The Houthi rebels have been targeting ships in solidarity with Palestinians, leading to increased shipping times and costs for major shipping and oil companies.
The U.S. has responded to the attacks by striking the Houthis in Yemen, but President Joe Biden admitted earlier this month the retaliation was not stopping the group.