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 […]
Tag Archives: reports
28
Feb
Feb
Norwegian Cruise Line Holdings has reported an adjusted net loss of $2.2 billion for financial 2020 after nearly a year out of the water. This compares to an adjusted profit of $1.1 billion for 2019. The group – which owns Norwegian Cruise Lines, Oceania Cruises and Regent Seven Seas Cruises – halted all sailings in […]
27
Feb
Feb
Norwegian today reported a net loss of NOK16.6 billion (£1.4 billion) for the fourth quarter, including impairment of NOK 12.8 billion. The operating expenses before leasing and depreciation were reduced by 82 per cent compared to the same quarter last year. In 2020, the company reduced net interest-bearing debt by NOK18 billon. Demand was severely […]
26
Feb
Feb
International Airlines Group has reported a loss of €7.4 billion for financial 2020 as the Covid-19 pandemic wrought havoc in the aviation sector. The losses include charges for exceptional items relating to fuel and currency hedges, early fleet retirement and restructuring costs. The figure is in comparison to a profit of €2.6 billion in 2019. […]
25
Feb
Feb
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, […]
19
Feb
Feb
Air France-KLM has reported a loss of €7.1 billion for financial 2020 as the global Covid-19 pandemic grounded international travel. Passenger numbers fell 67 per cent last year, the airline said in a statement earlier, while revenue fell 59 per cent compared to the previous year. Benjamin Smith, chief executive of Air France-KLM, said: “Last […]
18
Feb
Feb
Marriott has reported a fourth quarter net loss of $164 million as the Covid-19 pandemic continues to hit hospitality. The figure is compared to a net income of $279 million in the year-ago quarter. Comparable systemwide constant dollar RevPAR for the three months period declined 64 per cent worldwide, 65 per cent in the United […]
05
Feb
Feb
On the Beach Group has said consumer demand remains “very weak” following a series of disruptions owing to Covid-19. Ahead of its annual general meeting today, the company said UK web traffic, bookings and spend on online marketing activity across the first four months of the financial year down 73 per cent, 83 per cent […]
29
Jan
Jan
Boeing has reported a net loss of US$11.9 billion for financial 2020, or a GAAP loss per share of $20.88, as the full toll of the Covid-19 becomes clear. The figure is down from a profit of US$636 million last year, which was itself impacted by the grounding of the Boeing 737 Max following two […]
16
Jan
Jan
Delta Air Lines has reported a pre-tax loss of $15.6 billion for financial 2020, representing a loss per share of $19.49 on total revenue of $17.1 billion. In the December quarter alone, the carrier saw pre-tax losses of $1.1 billion. “Our December quarter results capped the toughest year in Delta’s history,” said Ed Bastian, Delta […]