Carnival Cancels More Cruises
Carnival Cruise Line (NYSE: CCL) has been hit as hard as nearly any company by the coronavirus pandemic. It has had all of its operations suspended globally since mid-March and it plans to keep all of its ships docked until at least May 1.
The company also had to raise money in order to fund its survival, selling bonds with a 12.5% coupon rate to raise $4 billion. That's a hefty price to pay but it should allow the cruise line to come out the other side of this crisis.
Now, the company has canceled a number of cruises well past its May 11 planned closure.
Source Fool.com
