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Keyword: cashburn

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  • The Big Three Cruise Corporations Continue to Burn Cash. Here's How Much.

    08/10/2021 2:01:48 PM PDT · by Capt. Tom · 20 replies
    Cruise Industry News ^ | Aug. 10, 2021 | Staff
    Carnival Corporation, Royal Caribbean Group and Norwegian Cruise Line Holdings are still burning through cash as some ships emerge from lay up back into operations. Cash burn numbers may be up in the third quarter with added costs to reactivate ships, needed maintenance, potential drydocks, procurement, getting crew back and more. Only one out of the three big cruise companies provided estimates on third quarter cash burn, indicating it would be up close to 45 percent. Carnival Corporation For Carnival Corporation, the company's cash burn for the first half of 2021 was $500 million per month, which was better than...