Carnival reports quarterly loss of $2.86 billion

(Reuters) – Carnival Corp on Thursday reported a loss of $2.86 billion for the third quarter and said it expected another quarter of losses as a majority of the cruise operator’s voyages have been halted due to the COVID-19 pandemic.

The company said it would be able to generate enough liquidity to satisfy obligations for at least the next twelve months.

Carnival said https://www.sec.gov/ix?doc=/Archives/edgar/data/815097/000081509720000101/ccl-20200831.htm revenue for the quarter ended Aug. 31 was $31 million, compared with $6.53 billion a year earlier.

(Reporting by Nivedita Balu in Bengaluru; Editing by Maju Samuel)