Us Gap Loss 214$ Million27 Mar 2024 14:00
Can someone explain what a FAP loss is please.
We seem to have made money and lost money?…
Despite the impressive revenue figures, Carnival PLC (CUK, Financial) reported a U.S. GAAP net loss of $214 million and an adjusted net loss of $180 million. However, these figures represent a substantial improvement from the previous year and were better than the company's December guidance. The adjusted net loss narrowing is indicative of the company's ability to manage costs effectively and capitalize on the robust demand for cruise travel.