CEO: Carnival Can Survive Through 2020, Even Without Cruise Revenue
Carnival Corporation (NYSE: CCL) CEO Arnold Donald told CNBC during an interview this week that the embattled cruise company now has enough liquidity to survive and meet its obligations even in a "worst-case" scenario in which it earns zero revenue for the rest of 2020.
Cruises have been halted since the middle of March amid the COVID-19 pandemic, but Carnival is currently aiming to resume sailing on June 27.
Other cruise lines, such as Royal Caribbean (NYSE: RCL), are also subject to the CDC's March 14 order, which declared cruise ships should not sail until the Department of Health and Human Services no longer declares COVID-19 a public health emergency, the CDC releases new orders, or 100 days have passed since the publication of the initial "no-sail" order.
Source Fool.com
