Carnival Posts Nearly $2 Billion Loss

Carnival Corp ($CCL@US) reported an adjusted quarterly loss of $1.99 billion on Friday after spending more to get employees back to work and preparing ships for launch. The company says it plans to incur additional restart costs as it launches more vessels. It also noted that booking volume in the third quarter was not as high as expected due to the Delta variant, but it said that cash flow during the third quarter was positive with expectations for continued cash flow gains.