Shares of Carnival Corp. (NYSE:CCL) are off 17% in premarket trading after the company's deadly accident off of the Italian coast and news that it may have been caused by human error.
The catastrophe transpired during the peak of "wave season," during which time almost 33% of all cruise vacations are booked.
Making matters worse, the company's CEO and Chairman, Micky Arison, has opted to oversee the response to Carnival's worst accident from Miami, more than 5,000 miles away from the site.
Leaving damage control to his regional managers will not create a shining image for the company with the press after an accident that left 6 dead and another 29 missing.
