Cruise Lines Still Awaiting Guidance From CDC to Set Sail

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Although they haven’t carried a single U.S. passenger since late March, the cruise industry is still staying afloat–by burning cash at historic levels. Preliminary earnings reports for the last quarter of 2020 show the Carnival Corporation lost $2.2 billion in Q4, or about $500 million per month. And there’s no end in sight to the…

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