Port Canaveral predicts $43 Million loss due to lack of cruising

Please note: some posts may contain affiliate links which means our team could earn money if you purchase products from our site

Port Canaveral

Disney Cruise Line, along with the rest of the cruise industry, has been shut down in the US since March of last year. Cruise lines are trying to resume sailing but need to meet the CDC’s new health and safety requirements. Due to this ongoing shut down, Port Canaveral’s officials are predicting a major financial loss.

Related-First Look at the New Disney Cruise Line Terminal at Port Canaveral

Port Canaveral Chief Financial Officer Michael Poole is projecting $32.59 million in operating revenue and a $43.12 million loss for the port in the current budget year that ends Sept. 30. This projection is due to the real possibility that cruising will not resume until July.


Port Canaveral predicts $43 Million loss due to lack of cruising

Port Canaveral Chief Executive Officer John Murray says this projection is a worst-case scenario. He also emphasized that the port’s projections are based only on its own estimates, taking into account the work needed by the cruise lines and the CDC to get the cruise industry restarted.

Related-Disney Cruise Line suspends cruises through April

As of right now, Disney Cruise Line, Carnival, Norwegian and Royal Caribbean won’t be sailing before May. The port does still receive some revenue from Disney and Royal Caribbean cruise ships that stop briefly at Port Canaveral to take on fuel and supplies, or for maintenance work.

“There’s light at the end of the tunnel,” Canaveral Port Authority Chairman Wayne Justice said. “We have to ride it out and get on with it.”

Source


D2T-1

Let our friends at Destinations to Travel help you book your next Disney Vacation. They are the preferred Travel Agency of Chip and Company and Disney Addicts, and who we use ourselves.

Get started below for your FREE No Obligation Quote.

Book With our friends at Destinations to Travel

Name(Required)
MM slash DD slash YYYY
This field is for validation purposes and should be left unchanged.

For the BEST in Disney, Universal, Dollywood, and SeaWorld Theme Park News, Entertainment, Merchandise & More follow us on, Facebook, Instagram, and Youtube. Don't forget to check out the Chip and Company Radio Network too!


Share

Written by:

4,678 Posts

Sara is a travel agent with Destinations to Travel, a Disney Earmarked agency. She lives in Alaska with her husband and 3 kids. Due to her extreme dislike of winter, she travels often to warmer destinations during the colder months. She visits the Disney parks and resorts frequently with her family and loves helping other families plan magical vacations. Contact her here for help with your vacation!
View All Posts
Follow Me :