Carnival Corp. (CCL) Reports Prelim. Q4 Results

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Go back to Carnival Corp. (CCL) Reports Prelim. Q4 Results

Carnival Corporation & plc Provides Preliminary Financial Information For The Fourth Quarter

January 11, 2021 9:15 AM EST

MIAMI, Jan. 11, 2021 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) provides preliminary financial information for the fourth quarter ended November 30, 2020.

U.S. GAAP net loss of $2.2 billion and adjusted net loss of $1.9 billion for the fourth quarter of 2020. Fourth quarter 2020 ended with $9.5 billion of cash and cash equivalents. Cash burn rate in the fourth quarter 2020 was slightly better than expected due to the timing of capital expenditures. The company has accelerated the removal of 19 less efficient ships, 15 of... More