Cruising investors are looking for any glimmer of hope for an industry that has been battered by the pandemic.
Still, the short-term outlook remains grim. Carnival said the rise in
Carnival said the average ship was only 59% full in August, but that was an improvement from 39% in June, and voyages generated enough revenue to cover cash costs.
“We reported a significant loss, so we haven’t recovered yet, obviously, but as we look ahead we see brighter days,” CEO
While there were fewer passengers, they spent 20% more on board than before the pandemic, the company said. Donald said there could be several explanations.
“People haven’t been able to cruise -- maybe not even travel – for a while, so they are in a mood to spend more because they haven’t had a chance to in a while," he said.
Carnival, which is headquartered in
Eight of Carnival’s nine cruise lines including Carnival, Princess and
The cruise industry has been among the hardest hit by the pandemic. The big three cruise companies are incorporated outside the
Carnival shares rose 3% to close at
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