Ryankoh
2021-06-25
Next quarter will be better. They need at least 1 yr to be back on track
Carnival posts $2 billion in loss on prolonged cruise suspension
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They need at least 1 yr to be back on track","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/126587725","repostId":2145425140,"repostType":4,"repost":{"id":"2145425140","kind":"news","pubTimestamp":1624541465,"share":"https://www.laohu8.com/m/news/2145425140?lang=&edition=full","pubTime":"2021-06-24 21:31","market":"us","language":"en","title":"Carnival posts $2 billion in loss on prolonged cruise suspension","url":"https://stock-news.laohu8.com/highlight/detail?id=2145425140","media":"Reuters","summary":"June 24 (Reuters) - Carnival Corp reported a quarterly loss of about $2 billion on Thursday, as the ","content":"<p>June 24 (Reuters) - Carnival Corp reported a quarterly loss of about $2 billion on Thursday, as the prolonged suspension of cruises due to the COVID-19 pandemic hammered its business.</p>\n<p>Cruise operators have recorded little to no revenue due to the no-sail order from the U.S. Centers for Disease Control and Prevention, forcing them to tap billions of dollars in debt and even sell a few ships to stay afloat.</p>\n<p>Carnival ended the second quarter with $9.3 billion in cash and short-term investments, down from $11.5 billion at the end of the first quarter, as it spent heavily to prepare its ships for voyages.</p>\n<p>Net loss was $2.07 billion for the second quarter ended May 31, compared with $4.37 billion a year earlier. 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