⁍ Carnival Corp reported a smaller-than-expected quarterly loss and said advanced bookings for next year were improving.
⁍ The cruise operator has paused voyages since March due to the COVID-19 pandemic.
⁍ The company said it would be able to generate enough liquidity to satisfy obligations for at least the next 12 months.
– “We have come full circle from initiating a suspension in the early days of the pandemic, to transitioning the fleet into a pause status, right sizing our organization, and now, embarking on the phased resumption of guest operations.” So says Carnival CEO Arnold Donald in announcing the cruise company’s third-quarter loss of $2.86 billion, or $2.19 per share, Reuters reports. That’s down from a profit of $1.78 billion, or $1.78 per share, in the same period last year. However, the company says bookings for the second half of 2021 are at the higher end of the historical range, even as prices are down by mid-single digits compared to last year.
Source: https://www.reuters.com/article/carnival-results/update-1-carnival-reports-smaller-than-expect-loss-says-cruising-still-in-demand-idUSL4N2GZ2PT