Edition:
India

Carnival Says Prelim Q3 U.S. GAAP Net Loss Of $2.9 Billion, Which Includes $0.9 Billion Of Non-Cash Impairment Charges


Tuesday, 15 Sep 2020 

Sept 15 (Reuters) - Carnival PLC ::CARNIVAL - PRELIM Q3 U.S. GAAP NET LOSS OF $2.9 BILLION, WHICH INCLUDES $0.9 BILLION OF NON-CASH IMPAIRMENT CHARGES.CARNIVAL - PRELIM Q3 ADJUSTED NET LOSS OF $1.7 BILLION.CARNIVAL - CASH BURN RATE IN Q3 AND EXPECTED RATE FOR Q4 BOTH IN LINE WITH PREVIOUSLY DISCLOSED EXPECTATION.CARNIVAL - Q3 ENDED WITH $8.2 BILLION OF CASH AND CASH EQUIVALENTS..CARNIVAL - EXPECTS TO FURTHER ENHANCE FUTURE LIQUIDITY.CARNIVAL - CUMULATIVE ADVANCED BOOKINGS FOR H2 OF 2021 CAPACITY CURRENTLY AVAILABLE FOR SALE ARE AT HIGHER END OF THE HISTORICAL RANGE.CARNIVAL - EXPECTS A NET LOSS ON BOTH A U.S. GAAP AND ADJUSTED BASIS FOR THE QUARTER AND YEAR ENDING NOVEMBER 30, 2020.