A shaky earnings update from Carnival could create some waves in the cruise line sector today.
Carnival reported Q2 revenue of $700M vs. $4.8B a
year ago and an adjusted loss of $2.4B. The cruise line operator expects
to post a loss on both a U.S. GAAP and adjusted basis for the second
half the year.
“The longer the pause in guest operations
continues the greater the impact on the company’s liquidity and
financial position,” sums up Carnival rather simply on the business.
https://seekingalpha.com/news/3584102-cruise-line-sector-on-watch-after-carnival-warning
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