Despite good news from Carnival Corporation’s Q3 report, the short-term outlook for the cruising industry is looking grim due to the Delta variant. While Carnival Corp. reported a USD $2.8b loss, shares rose on 24SEP due to its bookings in the second half of 2022 rising more than 2019 levels. Still, the company did say the rise of the delta variant in the US hurt its sales for summer 2021, with Royal Caribbean and Norwegian Cruise Line seeing similar trends. “We reported a significant loss, so we haven’t recovered yet, obviously, but as we look ahead we see brighter days,” CEO Arnold Donald said in an interview. “If things continue to trend the way they are (with COVID-19 cases), we should see positive cash flow as we get our fleet sailing broadly again.”
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