Carnival Corp (CCL) posted a preliminary $4.4 billion loss in the second quarter as the coronavirus pandemic has forced cruise ship companies to halt operations and suspend cruises.Shares dropped 6.9% to $17.77 in pre-market trading after the world’s biggest cruise operator warned that it expects a net loss on both a U.S. GAAP and adjusted basis for the second half of 2020. Carnival expects the monthly average cash burn rate for the second half of the year to amount to about $650 million and said that it was also planning to accelerate the sale of more ships.Revenue in the second …read more
Source:: Yahoo Finance
