In a business update released today, the world’s largest cruise ship operator, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) reported that its monthly average cash burn rate for the third quarter 2020 was $770 million, in line with what had been anticipated. It now expects the monthly average cash burn rate for the fourth quarter of 2020 to be approximately $530 million. This results in an average monthly burn rate for the second half of the year of $650 million as previously disclosed.
“...