Carnival Corp said yesterday that it expected to swing to a net loss this fiscal year and will take a six-month loan of about $3 billion, drawing down all of an existing credit line, as the cruise industry reels from the fallout of the coronavirus pandemic, Reuters reported. The company has temporarily suspended global voyages across all its brands including Princess Cruises, whose two ocean liners became hotbeds for the outbreak. U.S. President Donald Trump said on Friday that four cruise operators, including Carnival, had agreed to suspend outbound cruises for 30 days, at his request.
