Norwegian Cruise Confirms Losses by Trump’s Action against Cuba

Washington, Jun 7 ( Prensa Latina ) Norwegian Cruise has predicted Friday an eight percent drop in profits from the U.S. decision to cancel cruise ship travel to Cuba in 2019.

The company specified that in an extremely short period of time it had to modify itineraries to comply with the new restrictions imposed by President Donald Trump.

This modification, the substantial discounts offered to guests to maintain their bookings, cancellations and investment in marketing to support the fall in sales, will generate a negative impact, it said in a statement.

According to estimates, the shipping company earnings per share of the shipping company per share will drop from 35 to 45 cents on the dollar.

Previously, Norwegian Cruise had estimated that its earnings per share would range this year between 4.50 dollars and 5.50 per share.

For its part, Royal Caribbean on Thursday reduced its earnings from 25 cents to 35 cents per share due to the same White House measure.

On Monday the U.S. government banned tourist trips and cruise ship crossings to this nation, a measure condemned by the authorities in Havana.

The ban is part of a package of measures against Cuba, which also prevents cultural and educational trips from contacting people to people and provides damages to transportation services, remittances, banking, trade businesses, among others.

Two days ago, the Cuban Minister of Foreign Trade and Investment, Rodrigo Malmierca, denounced that ‘the U.S. economic war against Cuba’, which lasted almost 60 years, has caused losses to Cuba worth more than 134 billion dollars at current prices.

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