- June 25, 2021
- Posted by: Stratford Team
- Category: Business
Fort Lauderdale, Florida Mayor Dean Trantalis discusses the CDC approving the first cruise to sail out of the U.S. in over a year in June.
Carnival Corp. lost more than $2 billion in the second quarter as prolonged cruise suspensions caused by COVID-19 paralyzed its business.
The Miami-based cruise ship operator reported little or no revenue as the company’s ships remained grounded by order of U.S. regulators.
Ticker Security Last Change Change %CCL CARNIVAL CORP. 27.46 -0.69 -2.45%
Carnival’s cash burn rate averaged $500 million a month during the first half of the year, which was better than the company had anticipated due to the timing of proceeds from ship sales and working capital changes.
The company ended the quarter with $9.3 billion in cash and short-term investments. It had $11.5 billion at the end of the previous quarter.
CELEBRITY CRUISES NO LONGER REQUIRES CORONAVIRUS VACCINATION PROOF IN FLORIDA
Carnival posted a net loss…