WORLD'S TOP THREE CRUISE LINES ACCUMULATE OVER $60 BILLION IN DEBT
WORLD'S TOP THREE CRUISE LINES ACCUMULATE OVER $60 BILLION IN DEBT - The year 2020 was unforgiving for cruise lines but 2021 seems to have started off on a slightly higher note. For the top three industry players, surviving the year took its toll resulting in a high level of cash burn and massive debt burdens. According to the research data analyzed and published by ComprarAcciones.com , the top three cruise lines have accrued more than $60 billion in debt during the pandemic period. Norwegian Cruise Lines’ debt burden was over $12.15 b…
CARNIVAL CORPORATION REPORTS ALMOST $3B LOSS IN Q3 AS ROYAL CARIBBEAN LOSES $1.2B
CARNIVAL CORPORATION REPORTS ALMOST $3B LOSS IN Q3 AS ROYAL CARIBBEAN LOSES $1.2B - According to its Q3 2020 earnings report, Carnival Corporation suffered a $2.9 billion loss during the period. Its revenue dropped from $6.53 billion in Q3 2019 to $31 million, a 99.5% decline for the top cruise company globally. The second-largest cruise line, Royal Caribbean had a $1.2 billion loss during the same period according to its earnings report. Global Cruise Industry to Shrink by 72% to $7.79 Trillion Based on the research data analyzed and publish…
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