Carnival Expects $2 Billion Fourth-Quarter Loss, But Cash Burn Improves

1 min read

Cruise ship operator Carnival (NYSE: CCL)(NYSE: CUK) said it expects to post a massive $2 billion loss in its fiscal fourth quarter as it prepares to resume sailing this year.

But in a hopeful note, Carnival also said its cash burn rate was somewhat better than it had expected, though that was due mostly to the timing of its capital expenditures.

The Carnival Princess. Image source: Carnival.

Continue reading

Leave a Reply

Your email address will not be published.

Previous Story

PC Shipments in a Locked-Down World Soared in 2020

Next Story

Why 3D Systems Stock Popped (Again) on Monday

Latest from Blog