The cruise operator, which sails AIDA, Costa and Princess cruises among others, has paused voyages since March due to the COVID-19 pandemic, bringing its business to a standstill. Total customer deposit balance as of Aug. 31 was $2.4 billion, the majority of which were credits given by Carnival for canceled trips, compared to $2.9 billion last year. Carnival’s third-quarter net loss came in at $2.86 billion, compared to a profit of $1.78 billion a year earlier. …read more
Source:: Yahoo Finance
