The world’s biggest cruise operator, Carnival Corp., cut its full-year earnings outlook, citing a hit from voyage cancellations, the abrupt Cuba travel ban and weakening demand in Europe. The surprise report early Thursday sent shares of Carnival sinking about 7.7% to $48.80, and prompted declines among other cruise-line operators. Norwegian Cruise Line Holdings Ltd.’s stock closed Thursday down 2.5% and Royal Caribbean Cruises Ltd. declined 3.2%.

Source: Wall Street Journal June 20, 2019 17:26 UTC