Carnival Corporation reported a $2 billion net loss and projected a $550 million cash burn rate for the first half of 2021. However, Carnival's cash burn rate came in better-than-expected at $500 million. Carnival (CCL) ended the quarter with $11.5 billion of cash and short-term investments. Chief Executive Officer, Arnold Donald, said, "We are focused on resuming operations as quickly as practical, while at the same time demonstrating prudent stewardship of capital and doing so in a way that serves the best interests of public health. Our highest responsibility and therefore our top priority is always compliance, environmental protection and the health, safety and well-being of everyone.
https://www.tipranks.com/news/carnival-corporation-reports-net-loss-of-2b-in-1q