Carnival Corp reported much a heavy decline in the fiscal second quarter as a result of much lower bookings and giving voyage refunds and future cruise credits during the pandemic.

The New York-listed cruise behemoth on Monday filed detailed quarterly results with the US Securities and Exchange Commission that showed revenue of $50m, down from $470m a year earlier.

Revenue for the first half of the fiscal year that began on 1 December was also very lopsided, coming in at $75m compared with $5.53bn