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As Expected, Carnival Corp. Reveals $4 Billion Loss


With no revenue to speak of coming in, it’s no surprise that Carnival Corporation suffered a net loss of $4.4 billion in the second quarter of the year because of the cruise industry shutdown. The real surprise might be that the number wasn’t higher. Photo via Carnival Corp. Like every segment of the travel industry, and especially their rival members of the cruise sector, Carnival was hard hit by…

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