04:44 PM EDT, 03/27/2024 (MT Newswires) -- (Updates with Carnival's statement in the third paragraph.)

Carnival (CCL) Chief Financial Officer David Bernstein said the cruise operator is unlikely to sail through the Red Sea for the rest of 2024 and early next year due to attacks by Iranian-backed Houthi militants on vessels, Reuters reported Wednesday.

"We decided that it was time to recognize the fact that we probably won't be sailing there, and perhaps for the rest of this year and perhaps early in 2025 as well," Bernstein said in an interview, according to Reuters.

"No decisions have been made about sailings in November and beyond. Our security team continues working closely with global security experts and government authorities to monitor events in the region," a spokesperson for Carnival said in an email to MT Newswires. "If or when future itineraries are adjusted, we will directly notify affected guests and their travel advisors."

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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