Carnival Corp. - Ordinary Shares (Paired Stock)

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Other Pre-Announcement

Carnival Corp Reports Qtrly Loss Per Share $1.66

Published: 03/22/2022 15:13 GMT
Carnival Corp. - Ordinary Shares (Paired Stock) (CCL) - U.S. GAAP Net Loss of $1.9 Billion and Adjusted Net Loss of $1.9 Billion for Q1 of 2022.
Q1 2022 Ended With $7.2 Billion of Liquidity, Including Cash, Short-term Investments and Borrowings.
For Cruise Segments, Revenue per Passenger Cruise Day ("pcd") for Q1 of 2022 Increased Approximately 7.5% Compared to a Strong 2019.
As of March 22, 2022, 75% of Company's Capacity Had Resumed Guest Cruise Operations.
Since Middle of January, Company Has Seen an Improving Trend in Weekly Booking Volumes for Future Sailings.
Recent Weekly Booking Volumes Have Been Higher Than at Any Point Since Restart of Guest Cruise Operations.
Occupancy in Q1 of 2022 Was 54%, a 20% Increase in Guests Carried Over Prior Quarter.
Expects to Have Each Brand's Full Fleet Back in Guest Cruise Operations for Its Respective Summer Season.
Believes Monthly Adjusted EBITDA Will Turn Positive at Beginning of Its Summer Season.
Expect Improvement in Occupancy Throughout 2022 Until It Returns to Historical Levels in 2023.
Expects Adjusted Cruise Costs Excluding Fuel per Albd for Full Year 2022, to Be Significantly Higher Than 2019.
Anticipates That Many of Costs and Expenses Will End in 2022 and Will Not Reoccur in 2023.
Carnival - Expects to See a Significant Improvement in Adjusted Cruise Costs Excluding Fuel per Albd From First Half of 2022 to Second Half of Continues to Expect a Net Loss for Q2 of 2022 on Both a U.S. GAAP and Adjusted Basis.
Expects a Profit for Q3 of 2022.