Shares in Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), were up this morning as the cruise giant released a third quarter earnings update which showed some encouraging trends.
Though the company reported a U.S. GAAP net loss of $2.8 billion and adjusted net loss of $2.0 billion for the third quarter, it ended the quarter with $7.8 billion of liquidity, which it believes is sufficient to return to full cruise operations.
As of August 31, 2021, eight of the company’s nine brands had...
https://www.marinelog.com/shipping/cruising/carnival-voyages-already-cash-flow-positive/