Carnival Corp.’s Response to Anticipated Cash Flow Reductions: Shareholders, Not Passengers, To Feel the Pinch
Carnival Corp. (owner of Carnival, Princess, Costa, Holland America, Cunard and Seabourn) announced yesterday that it was suspending the distribution of dividends for 2009; not because of a lack of profitability – Carnival’s products are, and are projected to remain, profitable – but because of a change in cash flow