CARNIVAL Corporation has confirmed preliminary agreements are in place for the sale of six vessels which are expected to leave the fleet in the next 90 days, with additional disposals also in the works. The fleet reduction was flagged in a financial update overnight which said the cruise giant expects...
CARNIVAL Corporation has confirmed preliminary agreements are in place for the sale of six vessels which are expected to leave the fleet in the next 90 days, with additional disposals also in the works.
The fleet reduction was flagged in a financial update overnight which said the cruise giant expects to report a US$4.4 billion quarterly loss, including US$2.4b in cash and US$2b in writedowns.
Carnival didn’t detail which vessels were being sold or the brands they are sailing under, but across all of its brands, the cruise line is currently burning about US$650m per month in cash.
The last three months has seen over 260,000 passengers repatriated and “substantially all” of the crew still on board ships are expected to be able to return home by the end of this month.
As of 31 May about half of customers on cancelled sailings across the various Carnival brands had requested cash refunds, but new bookings are coming in for 2021, both from future cruise credit and fresh reservations.
