Carnival's initial fundraising efforts had worked, saying the company had enough money to last the rest of the year without any revenue. But Carnival wasn't done trying to bolster its finances.
The moves did not appear to give investors much confidence. At the end of May 14, the day the layoffs were announced, Carnival stock was trading at $12.27 per share, up just $0.01 from the day before but down from $54 a year earlier. "None of them are at fault for COVID-19 shutting the industry down, and they're all trying to mitigate it the best way that they can," Katz said. "I think it's going to be hard to pin this on the CEO."
Eight current and former Carnival employees told Business Insider they largely agreed with Donald's characterization, saying the company has done the best it can in responding to a crisis that no business or government body could have been prepared for. "You should have stopped then because had they done that, there wouldn't have been the Ruby Princess, the Grand Princess, all the scares and the people stuck out at sea for weeks. There wouldn't have been any of this. All the crew would have been home."
And Carnival — like other cruise lines such as Disney and Royal Caribbean — has earned the devotion of, frequent passengers who spend much of their vacation time enjoying themselves on cruise ships.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Britney Spears' conservatorship and the #FreeBritney movement - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It sounds like her parents are living large off her misery and have her locked up to keep her from emancipating her wealth from them 🤬🤬🤬
Source: BusinessInsider - 🏆 729. / 51 Read more »
Take a look inside a historic Missouri house with nine jail cells - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. This would be a great house for those in the family that refuse to quarantine. 🤣
Source: BusinessInsider - 🏆 729. / 51 Read more »
Look inside President Trump and Larry Ellison's relationship - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. what's going to happen to these corrupt deals when Trump is defeated.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Sunrun and Vivint Solar's historic $3.2 billion deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Gold shortages are here and increasing. Sandstorm Gold is going to have INCREDIBLE cash flow for next decade. $1800+ Gold spot price certainly does not hurt!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Portion of the $25 billion approved for coronavirus testing was spent - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 😡😡 All these Test kits Are made in America?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Coronavirus economic impact to be worst in India, Brazil, South Africa - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Fake news And also NigeriaGov You forgot to include the USA
Source: BusinessInsider - 🏆 729. / 51 Read more »