Carnival Corporation & plc Reports Summary Third Quarter Results and Other Matters
(WorldNews Italy)

THIRD QUARTER 2020 SUMMARY PRELIMINARY FINANCIAL INFORMATION U.S. GAAP net loss of $(2.9) billion for the third quarter of 2020, which includes $0.9 billion of non-cash impairment charges. Third quarter 2020 adjusted net loss of $(1.7) billion. Cash burn rate in the third quarter 2020 and the expected rate for the fourth quarter are both in line with the previously disclosed expectation. Third quarter 2020 ended with $8.2 billion of cash and cash equivalents. The company expects to further enhance future liquidity, opportunistically. Costa successfully resumed guest cruise operations on September 6, 2020. AIDA has announced plans to restart guest cruise operations during the fall 2020. A...