Jun
4
Gene Sloan on the USA Today Cruise Blog is writing about a recent UBS analyst report which speaks to the impact that rising fuel costs are having on the cruise lines. One of the numbers is shocking: Carnival Inc.’s total bill is set to skyrocket by more than $900 million to $2 billion this year. As I mentioned in the comments on that blog, I am hopeful that - despite the fuel surcharges we must all now bear as a result - we may see a silver lining of fuel efficiency gains coming from innovation in the future.
Some other shockers:
- Royal Caribbean should see a fuel tab of $783 million, up from $198 in 2003.
- Carnival’s additional $900 million in fuel cost this year is more than they paid to build the QM2.
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