Most cruise lines don't pay federal income tax — just one of the reasons they aren't getting a bailout [MSNBC.com]
Carnival Corporation (CCL)
Last carnival corporation earnings: 4/3 12:51 pm
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Source: MSNBC.com
Cruise lines, which have been pummeled by the economic impact of thecoronavirusthe $2 trillion stimulus bill passed on Friday.While the stimulus bill allocates $500 billion for distressed businesses, in order to qualify, a company must be “created or organized in the United States or under the laws of the United States” and “have significant operations in and a majority of its employees based in the United States,” according to the new law.Some of the country’s largest publicly traded cruise lines are incorporated offshore. Carnival Corporation, which owns the Princess cruise line, is incorporated in Panama. Royal Caribbean is incorporated in Liberia, and Norwegian Cruise Lines is incorporated in Bermuda.Allowing the cruise lines go out of business would mean extensive job losses — but the idea of extending aid to these businesses is controversial.Carl Court / Getty Images“It doesn't sound like they'd be eligible for relief,” said Aaron Cutler, a partner with Hogan Lovells’ government
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CCL
News
- Carnival Q4 Earnings & Revenues Top Estimates, Increase Y/Y [Yahoo! Finance]Yahoo! Finance
- Top Stock Movers Now: Carnival, US Steel, Occidental Petroleum, and More [Yahoo! Finance]Yahoo! Finance
- Carnival CEO: We're better booked and at higher prices today compared to a year ago [CNBC]CNBC
- Carnival Stock Is Cruising Into 2025 [Yahoo! Finance]Yahoo! Finance
- Carnival Tops Earnings Estimates, Gives Positive Booking Outlook [Yahoo! Finance]Yahoo! Finance
CCL
Earnings
- 12/20/24 - Beat
CCL
Sec Filings
- 10/31/24 - Form 4
- 10/29/24 - Form 144
- CCL's page on the SEC website