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Friday, September 30, 2022
31.7 C
Brunei
Friday, September 30, 2022
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    Carnival loses USD2.1B waiting for cruising to resume

    MIAMI (AP) — Carnival Corp said on Thursday that it lost more than USD2 billion in its latest quarter as the company’s cruise lines remained mostly shut down by the pandemic, but it said bookings for next year are running ahead of 2019’s pace.

    Shares of the Miami-headquartered company fell 2.5 per cent.

    The cruise industry was a visible early victim in the pandemic, as passengers and crew members tested positive for COVID-19 and some ships were turned away from ports. The industry has battled the United States (US) Centers for Disease Control and Prevention (CDC) over health requirements for resuming sailing in US waters.

    Carnival, whose nine cruising subsidiaries include Carnival Cruise Line, Princess Cruises and Holland America Line, said bookings in the March-through-May quarter rose 45 per cent over the previous quarter, and cumulative bookings for 2022 are ahead of 2019. The company plans to resume limited US operations with trips starting in July and August from Florida, Texas and Washington state.

    The Carnival Cruise ship ‘Liberty’ is docked at Port Canaveral, Florida. PHOTO: AP
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