Carnival Makes Plans to Bypass Baltimore Port Due to Key Bridge Risk, Warns of $10M Earnings Hit
• Carnival warns collapse of Baltimore's Key Bridge could cost company up to $10 million in 2024 earnings • Ships will temporarily dock in Norfolk, Virginia instead of Baltimore to "minimize operational changes" • Current and upcoming Baltimore cruises impacted - passengers being bussed back from Norfolk • Cruise business rebounding post-pandemic - Carnival revenue up 22% and stock up 95% in past year • Royal Caribbean "closely monitoring" situation, working on port alternatives for Baltimore cruises