Carnival to sell 6 cruise ships after $4.4bn loss in coronavirus slump - Business Insider

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Carnival to sell 6 cruise ships after $4.4bn loss in coronavirus slump - Business Insider
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Carnival is selling 6 cruise ships after a $4.4 billion loss, a sign of the industry's bleak future in the coronavirus pandemic

Carnival Cruises, which includes brands such as P&O, Princess Cruises and Cunard, is to sell 6 ships amid a downturn caused by the coronavirus crisis.

The industry has been hammered by COVID-19 after multiple outbreaks occurred at sea, and ports around the world closed to cruise ships. Carnival said it lost $4.4 billion in the past three months, and doesn't know when it can resume normal operations.Carnival is planning to sell 6 of its cruise ships after reporting a loss of $4.4 billion in the second quarter of 2020, as the coronavirus crisis continues to hammer the cruise industry.reported on ThursdayIt reported a massive drop its its revenues in the three-month period to May 31, taking in $700 million, a fraction of its $4.

All its cruises were suspended in mid-March, after onboard outbreaks were reported. Across the industry, by March 25 there had been coronavirus outbreaks on 36 cruise ships worldwide,Although Carnival has offered customers the chance to pause their bookings for a future date, half of them requested a cash refund, the company said.An estimated 21,000 ship staff are still stuck on board 49 ships which cannot dock due to governmental restrictions, the company said.

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