Rare Crazy For Cats Posted January 11, 2021 #1 Share Posted January 11, 2021 This just crossed my FB feed. Carnival’s preliminary Q4 statement. Looks like there are four more ships to sell, already sold 15. Also new builds are delayed to 2022 except for one not named. https://cruisemarsh.wordpress.com/2021/01/11/four-more-ships-to-leave-carnival-corporation-fleet/ 2 Link to comment Share on other sites More sharing options...
iancal Posted January 11, 2021 #2 Share Posted January 11, 2021 (edited) It will be interesting to see the cash flow statement once the 2020 financials are released. In a July 31, 2020 filing Carnival Corp had $7.9 billion in cash/cach equiv. Their burn rate at the time was $650M per month. Essentially one year of cash reserves to July 31/21. Carnival will need to start raising more cash over then next three or four months and cut their expenses if they have not raised any additional cash since that filing. Edited January 11, 2021 by iancal Link to comment Share on other sites More sharing options...
Rare kazu Posted January 11, 2021 #3 Share Posted January 11, 2021 Thanks @Crazy For Catsfor sharing. Link to comment Share on other sites More sharing options...
KirkNC Posted January 11, 2021 #4 Share Posted January 11, 2021 20 minutes ago, iancal said: It will be interesting to see the cash flow statement once the 2020 financials are released. In a July 31, 2020 filing Carnival Corp had $7.9 billion in cash/cach equiv. Their burn rate at the time was $650M per month. Essentially one year of cash reserves to July 31/21. Carnival will need to start raising more cash over then next three or four months and cut their expenses if they have not raised any additional cash since that filing. The say their burn rate is now $500 million per month but expect it to increase to $600 million. Over $9 billion in cash and $2.2 million in customer deposits. The CFO said they have enough cash to survive 2021 without revenue. 2 Link to comment Share on other sites More sharing options...
iancal Posted January 11, 2021 #5 Share Posted January 11, 2021 I expect that they will need every dime of that money given a realistic outlook for a return to cruising. 1 Link to comment Share on other sites More sharing options...
Himself Posted January 11, 2021 #6 Share Posted January 11, 2021 The longer this pause goes on, the more difficult it will be for the cruise industry. The railroads, airlines and hotels and resorts are not treated as badly as is the cruise ship industry. Link to comment Share on other sites More sharing options...
Rare ski ww Posted January 12, 2021 #7 Share Posted January 12, 2021 It will be interesting to see which of the ships will be sold, wonder when they will announce that? Link to comment Share on other sites More sharing options...
OVgirl Posted January 13, 2021 #8 Share Posted January 13, 2021 Here's hoping that the one new ship delivery this year will be Rotterdam. 1 Link to comment Share on other sites More sharing options...
Rare Crazy For Cats Posted January 13, 2021 Author #9 Share Posted January 13, 2021 This just in, Rotterdam will be delivered this year. https://www.cruises-info.com/2021/01/rotterdams-debut-will-be-in-2021.html?fbclid=IwAR15K3OvWPlcSPPN_SkNd3jcO-ZmaOea0UD0XAJ1eQkbNVdG4xww3vONQko 1 Link to comment Share on other sites More sharing options...
Cailey53 Posted January 13, 2021 #10 Share Posted January 13, 2021 4 hours ago, Crazy For Cats said: This just in, Rotterdam will be delivered this year. https://www.cruises-info.com/2021/01/rotterdams-debut-will-be-in-2021.html?fbclid=IwAR15K3OvWPlcSPPN_SkNd3jcO-ZmaOea0UD0XAJ1eQkbNVdG4xww3vONQko WHOOP!! 1 Link to comment Share on other sites More sharing options...
Rare HappyInVan Posted January 14, 2021 #11 Share Posted January 14, 2021 On 1/11/2021 at 3:57 PM, Himself said: The longer this pause goes on, the more difficult it will be for the cruise industry. The railroads, airlines and hotels and resorts are not treated as badly as is the cruise ship industry. Thank You, Mr. Obvious!!!! 🙄 Just as obvious, hotels and airlines have business and domestic customers. Link to comment Share on other sites More sharing options...
iancal Posted January 14, 2021 #12 Share Posted January 14, 2021 We expect to spending money with airlines, hotels, etc long before we spend a dime with a cruise line. There are some very good reasons why cruise ships are treated in a different manner from airlines, hotels, and railroads. I certainly do not have a problem with that. I am thankful for it if only because the health risks are so much larger. Link to comment Share on other sites More sharing options...
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