Carnival Corp.  (CCL) – Get Report said Tuesday that its expects a third quarter loss of around $3 billion and that it could sell around $1 billion in common shares as part of a capital raising plan.

Carnival said in a Securities and Exchange Commission filing Tuesday that its loss for the three months ending in August is expected to be $2.9 billion on a U.S. GAAP basis, a figure that includes non-cash charges of around $900 million. Its third quarter cash burn rate was pegged at $770 million, the company said, a figure it expects to slow to $530 million over the three months ending in November. 

However, it also said that second half bookings for its cruise ships were ahead of their historic averages, as customers return to the travel sector following months of coronvirus lockdowns in key markets around the world.

Carnival is expected to

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a ship in a body of water: carnival cruise (CCL) ship on the water


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carnival cruise (CCL) ship on the water

Carnival Corp (NYSE:CCL) is on the rise again. I have been optimistic about CCL stock since my Aug. 4 article saw some light at the end of the tunnel. The stock is now up 24% in the past month as it is getting clear that a novel coronavirus vaccine is not too far off in the near future.



a blue and white boat sitting next to a body of water: carnival cruise (CCL) ship on the water


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carnival cruise (CCL) ship on the water

If that occurs, the U.S. Center for Disease Control (CDC) could end up lifting its “no sail” order for cruise companies.

Moreover, this past week the news that a cheap and quick, no-lab-required Covid-19 test would be available from Abbott Laboratories (NYSE:ABT) has also lifted cruise stocks.

CCL Stock Stuck as Cruise Delays Extended

The CDC’s no sail order lasts through Sept. 30, but

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A member of Imperio Serrano Samba School gestures during their 2019 paradeImage copyright
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The celebration usually brings millions out onto the streets

They call it the greatest spectacle on earth and for Brazil, carnival is everything.

While Rio de Janeiro’s carnival is Brazil’s most famous, cities such as São Paulo have in the past few years been starting to make a name for themselves.

With a spectacle of such proportions, preparation is everything and samba schools would normally already be getting ready for next year’s carnival, due to be held in February 2021.

Currently, São Paulo’s carnival parade – the highlight of the festivities – has already been delayed by eight months until October 2021.

But depending on how the crisis unravels, there is no guarantee it will not be delayed further. There are question marks over what Rio’s plans are, too.

At this point of the year, Imperio da Casa Verde, one of São Paulo’s leading

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