Skift Take
When will Carnival cruise again? Company execs seem to be saying our guess is as good as theirs.
Carnival Corp., the world's largest cruise company, gave no clarity about when it will cruise again in a company filing released to investors on Thursday.
During the company's second quarter, which ended on May 31, it saw a net loss of $4.4 billion, or $6.07 earnings per share, preliminary results show. It is accelerating plans to offload six vessels in the next 90 days, ones it had previously planned to sell in the coming years.
Its estimated cash burn rate for the second half of 2020 is $650 million per month. On the last day of the quarter, it had $2.9 billion in customer deposits, which includes $475 million for cruises scheduled to depart in the second ha
