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Carnival reports quarterly loss of $2.86 billion

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(Reuters) – Carnival Corp (N:CCL) on Thursday reported a loss of $2.86 billion for the third quarter and said it expected another quarter of losses as a majority of the cruise operator’s voyages have been halted due to the COVID-19 pandemic.

The company said it would be able to generate enough liquidity to satisfy obligations for at least the next twelve months.

Carnival said https://www.sec.gov/ix?doc=/Archives/edgar/data/815097/000081509720000101/ccl-20200831.htm revenue for the quarter ended Aug. 31 was $31 million, compared with $6.53 billion a year earlier.

 

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