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Carnival Cruises will sell two more cruise ships

Carnival Corp. to remove two more ships

Carnival Corp. & plc announced on Wednesday in a Form 8-K financial filing it will get rid of two more cruise ships, in addition to the 13 ships it previously announced it would sell.

The decision to sell the ships are intended to align the fleet with the expected phased restart of guest cruise operations while also generating cost savings.

Carnival evaluated the additional two ships and concluded their carrying values are no longer recoverable when compared to their estimated remaining future cash flows.

As a result, Carnival expects to record non-cash impairment charges during the third quarter in the range of $600m to $650m.

Carnival did not disclose which cruise ships will be the two new ones to be sold, however, those details tend to emerge later.

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