rate, with over 20% in a decade. The Carnival Corp has one of Australia's biggest cruises company has been operating with the company which ships FURTHER DIRECTIONS Carnival Corporation has announced additional information in strengthening the capability and managing through the extended pause in the guest operations. We all know Carnival Corporation as one of the world's most extended cruise companies. As announced today that additional steps are taken to strengthen the productivity and liquidity position and extended in halting with caste operations because of COVID-19. The organization was the first company to pause the guest cruise operation with its company to face the significant attack of global pandemic COVID-19 that was started from March 13, and another branch started following it (Bos, de Jong, 2014). The severe action was chosen to stay at home or stay inside the shelter, which the USA government implemented before closing the hotels, entertainment industry, restaurant, and other People gathering and other transportation have to be shut or decrease its service. Simultaneously, the organization made plans to strengthen its liquidity and announced the layoffs. Reducing the work and salary deductions was also done within the organization that also includes senior management. It will contribute to the millions of dollars in cash annually. The company has halted all its operations in March. The work patterns have changed significantly, reducing Revenue. And there was a financial
6 Running head: impact, and with drawings of the booking by passengers. Various employee actions were taken at the time of the global pandemic. REVIEW OF ANNUAL REPORTS As per the key highlights of 2019, the company U.S. GAAP net income 3.0$ billion or diluted EPS of 4.32$ in 2019, but compared to the year 2018, it is US GAAP 3.2$billion. The Adjusted net income of 3.0$ billion or 4.40$ adjusted EPS in 2019. 3.0$ billions of adjusted net income and 4.6$ adjusted EPS compared to the year 2018. Total Revenue in the year 2019 is 20.8$ billion, but in 2018 it was 18.9 billion (Radic, 2017). Comparatively, the company has made huge profits. Cruise revenue was 16.0 billion, and there was a 4.0 percent increase in its productivity. As per the year 2020, forward bookings for the year 2020 have increased, with the prices lowered compared to the year 2019. Focusing on the reservations, the organization has expected to have Constant currency net gross revenue that will go up to 5% and increase capacity up to 6.6%. The net Revenue is supposed to lower up to 1.5% compared to the previous year. The organization had improved on Marine Gasoil (MGO) usage on total fuel consumption with International Marine Organization emission policies. The significant impact of altering the mixture of fuel, fuel prices, and the rate of a currency is also expected to grow. It's earning by $0.17 to 0.24 $ compared to the previous year.
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- Spring '14
- Carnival Cruise Lines, Cruise ship, Holland America Line, Carnival Corporation & PLC, Carnival Corporation