Carnival Corp. - Ordinary Shares (Paired Stock)

NYSE:CCL  
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Other Pre-Announcement

Carnival Corporation & PLC Provides Fourth Quarter 2021 Business Update

Published: 12/20/2021 14:31 GMT
Carnival Corp. - Ordinary Shares (Paired Stock) (CCL) - Oration & Plc Provides Fourth Quarter 2021 Business Update.
Q4 2021 Ended With $9.4 Billion of Liquidity.
U.S. GAAP Net Loss of $2.6 Billion and Adjusted Net Loss of $2.0 Billion for Q4 of 2021.
For Cruise Segments, Revenue per Passenger Cruise Day ("pcd") for Q4 of 2021 Increased Approximately 4% Compared to a Strong 2019.
Monthly Average Cash Burn Rate for Q4 of 2021 Was $510 Million, Which Was Better Than Expected.
Qtrly Loss per Share $2.31.
Over Last Few Weeks, We Have Experienced an Initial Impact on Bookings Related to Near-term Sailings As a Result of Omicron Variant.
Cumulative Advanced Bookings for Second Half of 2022 and First Half of 2023 Are at Higher End of Historical Ranges and at Higher Prices.
Booking Volumes for Same Periods During Q4 of 2021 Were Higher Than Q3 of 2021.
Expects a Net Loss for First Half of 2022 and a Profit for Second Half of 2022 on Both a U.S. GAAP and Adjusted Basis for Both Periods.
Cash From Operations Turned Positive in Month of November.
Qtrly Revenue $1,287 Million Versus $34 Million.
Expect Consistently Positive Cash Flow Beginning in Q2 of 2022 As Additional Ships Resume Guest Cruise Operations.
Occupancy in Q4 of 2021 Was 58%, Which Was Better Than 54% in Q3 of 2021.
Expects to Continue Incurring Incremental Restart Related Spend.
Total Customer Deposits Increased $360 Million to $3.5 Billion As of November 30, 2021 From $3.1 Billion As of August 31, 2021.