Cruise lines soared on Friday after Carnival Corp. reported second quarter earnings that revealed a few positive trends developing within the industry, after its business was decimated by COVID-19.
The company said cumulative advanced booking for 2021 is "within historical ranges" with prices that are down slightly low to mid-single digits on a comparable basis.
Carnival saw revenue in the quarter fall 84% year-over-year, but revenue still managed to best analyst and its own estimates. Consumers seem to have little fear of reboarding cruise lines and setting sail after the coronavirus pandemic, based on a booking […]
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