Cruise operator Carnival posts $2 billion adjusted quarterly loss
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A Carnival cruise ship is docked, amid the coronavirus disease (COVID-19) pandemic, in Long Beach, California, U.S., April 7, 2021.
Reuters reported a quarterly adjusted loss of $1.99billion on Friday. The cruise operator used more money to get its employees back on the rolls and ready its ships for their voyages, after having been out of service for more than a decade.| Reuters
Carnival Corp reported an adjusted quarterly loss of $1.99 billion on Friday, as the cruise operator spent more to get employees back on its rolls and prepare its ships for voyages after more than a year.
Carnival expects that high-end restart costs will continue to be incurred as cruises are returned to service.
Because of increased uncertainties around the Delta version of the coronavirus, the company stated that booking volumes for the future cruises in the third quarter weren’t as strong as they were during the previous quarter.
Carnival said that the company expects to see positive cash flows for its third quarter voyages.
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