“Senior management of the company evaluated these two ships for impairment and concluded their carrying values are no longer recoverable when compared to their estimated remaining future cash flows,” Carnival said.
“Consequently, and in combination with other ships and notes receivables with recoverability impacted by the current environment, we expect to record non-cash impairment charges during the third quarter of 2020.”
The cruise major doesn’t expect these impairments to result in any material future cash expenditures.
