CNBC consumer reporter Kelli Grant gives tips on how spending more on a luxury cruise might actually yield a better value.» Read More
It's been a rough year for the cruise line industry. Discussing how recent bad news is impacting consumers' choice to cruise, with the "Power Lunch" crew and Business Insider's Henry Blodget.
Carnival on Friday reported a quarterly profit but posted a drop in the revenue each cabin generates and lowered its revenue forecast for the year, citing weakness in Europe and pricing promotions.
The Carnival Dream was stuck in a Caribbean port with equipment trouble Thursday, a month after the Triumph was disabled by a fire that stranded thousands.
Some of the names on the move ahead of the open.
Cruise lines are rolling out huge discounts and extras to help potential passengers forget the disaster and illness that have plagued the industry lately. And for some -- it's working!
The number of cruise ship passengers this year is estimated to be more than twice the number who cruised in 2008, reports CNBC's Michelle Caruso Cabrera. One reason: there are a lot more new ships, she says.
How does it look to have the owner of Carnival, Micky Arison, sitting courtside at a Miami Heat game while one of his ships flounders in the Gulf of Mexico? Sydney Finkelstein, Tuck School of Business at Dartmouth University, and Allen Adamson, Brand Simple Author, discuss what Arison can do to make it up to customers and get past this PR disaster.
More capacity and bigger ships can mean bigger problems, like those experienced by the Carnival Triumph this week, reports CNBC's Michelle Caruso Cabrera. James Walker, maritime lawyer with Walker & O'Neill, weighs in on legal options the passengers have after being stuck on the ship for a week with no power.
CNBC's Michelle Caruso Cabrera looks at the mess on board the Carnival Triumph. And Dr. Rodney Samaan talks about health concerns that arise on a cruise ship that's lost power. Are those health concerns serious or just more of a big inconvenience?
CNBC's Michelle Caruso Cabrera talks to passengers who were stuck on board the Carnival Triumph after it lost power in the Gulf of Mexico.
Take a look at some of Monday's midday movers:
Norwegian Cruise Line shares popped over 30 percent in its trading debut on Friday.
Need more serenity in your brew? Check out these beers made by monks! Plus, get your application in -- it's the Beer Drinker of the Year contest!
Check out which companies are making headlines after the bell Thursday:
Cramer makes the call on viewer favorites.
*Lifts full-year profit view by 15 cents to $1.85- $1.95.
*Lifts full-year profit view by 15 cents to $1.85- $1.95. But Royal Caribbean said on Thursday that the effect of that accident ``has continued to wane'' and that bookings in the third quarter were stronger than it had expected, even in Europe, where the Costa Concordia accident made headlines for months.
NEW YORK-- Shares of Royal Caribbean Cruises Ltd. hit a 15- month high Thursday after it reported third-quarter earnings that topped Wall Street's expectations. The Miami company earned $367.8 million, or $1.68 per share, compared with $399 million, or $1.82 per share, a year earlier. Royal Caribbean said it saw strong last-minute bookings and the third quarter.
The cruise operator now expects 2012 earnings of $1.85 per share to $1.95 per share, 15 cents higher than its previous forecast range. Royal Caribbean's third-quarter net income fell to $367.8 million, or $1.68 per share, on revenue of $2.26 billion, from $399 million, or $1.82 per share, on revenue of $2.32 billion a year earlier.
Could earnings give Royal Caribbean a boost? CNBC contributor Mike Khouw of CRT Capital Group LLC, says one options trader sees the stock above $32.81 on a November expiration.