Coronavirus update: The number of new cases continues to slow. Hubei reportedly added 271 infections among prisoners to its tally, a move that prompted questions about whether there are other unreported virus cases in the country.
Shares of cruise line operators fell on Friday after the U.S. Department of State said Thursday that U.S. citizens should “reconsider” traveling on cruise ships to or within Asia over concerns about COVID-19, the novel coronavirus has sickened more than 76,000 people worldwide.
The Diamond Princess, a ship operated by Carnival that is now docked at a port in Yokohama, Japan, has reported 634 cases and two deaths as a result of the virus. Separately, Carnival’s Westerdam cruise ship, which eventually docked at Sihanoukville, Cambodia, had been turned away from other ports over concerns of sick passengers. All three cruise line operators have canceled voyages in Asia.
Norwegian, which anticipates losing 75 cents from earnings per share in 2020 after canceling 40 cruises in Asia, told investors on Thursday that customers began canceling cruises outside of Asia after the Diamond Princess was quarantined in Japan. Americans are now choosing to book cruises in Alaska and the Caribbean. “You don’t have to get on an airplane to get to the Caribbean ports,” Norwegian CEO Frank Del Rio said on an earnings call.
There are now 76,785 confirmed cases of and 2,249 deaths, according to the latest figures from the World Health Organization. That is about 1,000 new cases, compared with the 3,000 or so new cases that were being reported daily in early February. Hubei reportedly added 271 infections among prisoners to its tally, a move that prompted questions about whether there are other unreported virus cases in the country, according to The Wall Street Journal.
• The Coca-Cola Company KO, +0.56% said Friday it is still expecting to reach its full-year guidance though COVID-19 will likely weigh on first-quarter results. Coca-Cola said it currently estimates an approximate 2- to 3-point impact to unit case volume, 1- to 2-point impact to organic revenue, and 1- to 2-penny impact to earnings per share for the first quarter. The Chinese market makes up 10% of Coca-Cola’s global volume, the company said in January.
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