Carnival Corporation said Wednesday the Francis Scott Key Bridge collapse in Maryland could have a negative effect on its full-year earnings to the tune of up to $10 million.
Carnival Corporation said Wednesday the Francis Scott Key Bridge collapse in Maryland could have a negative effect on its full-year earnings. The cruise line operator told shareholders it could see a "current estimated impact of up to $10 million on both adjusted EBITDA and adjusted net income for the full year 2024." The bridge fell into the Patapsco River near Baltimore early Tuesday morning. Its collapse stemmed from a large container ship striking one of its support columns.
The Maryland governor’s office has also said no other U.S. port handled as much volume of "autos and light trucks, roll on/off heavy farm and construction machinery, imported sugar, and imported gypsum" as the Port of Baltimore last year.
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