- Carnival Corp reported a record $4.4 billion in quarterly losses.
- COVID-19 pandemic has crippled the world’s biggest cruise operator and forced it to take major write-downs on the disposal of now redundant ships.
- The cruise operator expects to burn about $650 million a month for the second half of the year.
Carnival Corp. reported a preliminary quarterly loss of more than $4 billion, its largest ever, as the COVID-19 pandemic has idled ships, reports Wall Street Journal.
The cruise company has...