Carnival to sell off 18 of its ships amid billions in losses - Business Insider

, leading to at least 80 deaths among passengers and crew members.

In earnings documents, Carnival reported a $2.9 billion net loss for the third quarter of 2020 and said it is speeding up the removal of less-efficient ships that it had planned to sell in coming years. Reducing capacity will "structurally lower cost base, while retaining the most cash generative assets in our portfolio," Carnival CEO Arnold Donald said in the filing.

. In an effort to cut costs, it also postponed some new-ship deliveries scheduled for 2021 and paused new orders. "Currently, the company is unable to predict when the entire fleet will return to normal operations, and as a result, unable to provide an earnings forecast," the filing read. "The pause in guest operations continues to have a material negative impact on all aspects of the company's business, including the company's liquidity, financial position and results of operations.

A possible bright spot for Carnival is that one of its brands, Costa Cruises, restarted operations in Italy on September 6. German brand AIDA Cruises plans to resume sailing in the fall. Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.Get your weekly recap of all things electric vehicles, airlines, and more.

Sieeeeet wanataka our marine pilot arudi mtaani?

Pues solo que metan aquí uno a la presa de la boca. Para otra cosa no me imagino que se puedan usar ahorita.

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