Tag Archives: 2bn

Carnival reports $2bn loss as return gathers pace | News

Carnival reports $2bn loss as return gathers pace | News

Carnival Corporation has reported a net loss of US$2 billion for the first quarter of 2021. The company was forced to halt all sailings in March last year as the Covid-19 pandemic spread around the world and has yet to return in many markets. However, Carnival said the cash burn rate in the first quarter […]

Accor reports €2bn loss for 2020 as Covid-19 takes toll | News

Accor reports €2bn loss for 2020 as Covid-19 takes toll | News

Accor has reported a net loss of €2 billion for financial 2020 as Covid-19 took a huge toll around the world. The figure is sharply down from a profit of €464 million reported in 2019. Travel restrictions saw revenues fall 60 per cent to €1.6 billion for the year. The largest hotel company in Europe, […]

British Airways secures £2bn in export development loans | News

British Airways secures £2bn in export development loans | News

British Airways has received commitments for a five-year term-loan Export Development Guarantee Facility of £2 billion. The funds are underwritten by a syndicate of banks, partially guaranteed by UK Export Finance (UKEF). The carrier said it expects to drawdown the facility in January subject to agreement of final terms with the lenders and UKEF. UKEF […]

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