Carnival’s Princess Cruises to pause sailings through May 14 due to coronavirus pandemic

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Carnival Corp. said Wednesday it will extend the pause of its Princess Cruises line through May 14, due to the uncertainty about travel restrictions caused by the coronavirus pandemic. The pause applies to sailings in the Caribbean, the California Coast and the early season for Alaska and Europe cruises, the company said in a statement. Guests currently booked on cancelled voyages will be allowed to receive a refundable future cruise credit equal to 100% of the fare, plus an additional non-refundable bonus credit equal to 25% of the fare paid. The pause had previously been extended to March 31. Carnival shares were up 0.7%, and have gained 36% in the last three months, while the S&P 500 has gained 12%.
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