Citing the economic uncertainty in Europe, pricing promotions for the Carnival brand and less than expected growth in onboard spending across the group, Carnival Corporation reduced its 2013 earnings forecast in its hastily announced Q1 earnings call last Friday.

Carnival lowered its 2013 earnings guidance to $1.80 to $2.10 from $2.20 to $2.40 on its Q4 and year-end earnings call in December.

According to Carnival, cumulative advance bookings for 2013 were behind the prior year at prices in line with prior year levels.