Press release content from PR Newswire. The AP news staff was not involved in its creation.
Carnival Corporation & plc Provides Preliminary Financial Information For The Fourth Quarter
January 11, 2021 GMT
MIAMI, Jan. 11, 2021 /PRNewswire/ Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) provides preliminary financial information for the fourth quarter ended November 30, 2020.
U.S. GAAP net loss of $2.2 billion and adjusted net loss of $1.9 billion for the fourth quarter of 2020.
Fourth quarter 2020 ended with $9.5 billion of cash and cash equivalents.
Cash burn rate in the fourth quarter 2020 was slightly better than expected due to the timing of capital expenditures.
The company has accelerated the removal of 19 less efficient ships, 15 of which have already left the fleet.
Carnival PLC - Carnival 4Q Preliminary Financial Info
Carnival Corporation & plc Provides Preliminary Financial Information For The Fourth Quarter
MIAMI, Jan. 11, 2021 /PRNewswire/ Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) provides preliminary financial information for the fourth quarter ended November 30, 2020.
U.S. GAAP net loss of $2.2 billion and adjusted net loss of $1.9 billion for the fourth quarter of 2020.
Fourth quarter 2020 ended with $9.5 billion of cash and cash equivalents.
Cash burn rate in the fourth quarter 2020 was slightly better than expected due to the timing of capital expenditures.
The company has accelerated the removal of 19 less efficient ships, 15 of which have already left the fleet.
The Centers for Disease Control and Prevention still recommends avoiding cruise trips during the pandemic.
These are the updated 2021 sailing plans for cruise lines like Royal Caribbean, Carnival, and Disney Cruises.
Bad news for any eager cruisegoers: cruise lines are continuing to extend cruising suspensions into 2021 as the COVID-19 pandemic continues.
The cruising industry initially saw a quiet period after the Centers for Disease Control and Prevention posted and extended its no-sail order as the coronavirus pandemic began surging in 2020. But after months of waiting, in October, the CDC replaced its mandatory sailing pause with a framework for Conditional Sailing Order, a list of rigorous requirements needed for cruise lines to continue operating again by November.