CARNIVAL Corporation’s second quarter ended with US$9.3 billion of cash and short-term investments, which the company believes is sufficient liquidity to return to full cruise operations. Currently, 42 ships from eight of Carnival’s nine brands either have resumed or are announced to resume guest operations by the end of Nov,...
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CARNIVAL Corporation’s second quarter ended with US$9.3 billion of cash and short-term investments, which the company believes is sufficient liquidity to return to full cruise operations.
Currently, 42 ships from eight of Carnival’s nine brands either have resumed or are announced to resume guest operations by the end of Nov, which is more than 50% of the company’s capacity, with more announcements expected in the coming weeks.
Despite the positivity, Carnival still recorded an adjusted net loss of US$2 billion, as detailed in the company’s second quarter business update.
However, customer deposits increased from quarter to quarter, with the period’s booking volumes 45% higher.
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