Middle East turmoil not a huge business threat, says Carnival Corp.

By Tom Stieghorst
Carnival Corp. said that it has limited exposure to unrest in Middle East and North Africa countries.

Beth Roberts, Carnival Corp.'s vice president of investor relations, said during Tuesday's third-quarter earnings call that less than 10% of cruise capacity across all brands would be in the eastern Mediterranean in 2013.

She said all Med deployments make up about 6% of Carnival itineraries in the first quarter, 17% in the second, 25% in the third and 28% in the fourth.

The average for the year is 19%, and Mediterranean capacity is split about equally between eastern and western routes, she said.

Carnival Chairman Micky Arison said Costa Cruises has a small ship in the Red Sea part of the year. "That could be an issue if this continues much longer," he said.

Follow Tom Stieghorst on Twitter @tstravelweekly.com. 
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