Carnival Corp shares sink on US$2.9b lossBusiness | 16 Sep 2020 9:15 am
Cruise operator Carnival Corp was on the losing side on Tuesday on Wall Street.
Carnival dropped by 10.8 percent, making it the biggest decliner in the S&P 500. The cruise ship operator said it may sell up to US$1 billion in stock to raise cash, and it reported a preliminary US$2.9 billion loss for its latest quarter.
More encouragingly, it also said its advance bookings for the second half of 2021 are similar to where booking positions were in 2018 for the second half of 2019, before the coronavirus pummeled the industry.-AP