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You are here: Home / Finanace / Carnival Shares Sink Amid Big Loss. CFO Says Cruise Operator Has Cash to Survive 2021.

Carnival Shares Sink Amid Big Loss. CFO Says Cruise Operator Has Cash to Survive 2021.

January 11, 2021 by Retirement

Cruise operator Carnival on Monday reported a fiscal fourth-quarter net loss of $2.2 billion, but its chief financial officer said that it has enough liquidity to get through 2021 “even in a zero-revenue environment.”

Like its other U.S.-based peers, Carnival (ticker: CCL) has for the most part been shut down since mid-March of last year due to the pandemic, though it has had limited sailings in Europe recently.

Carnival…

Filed Under: Finanace

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