Carnival Corp. - Ordinary Shares (Paired Stock)

NYSE:CCL   4:00:00 PM EDT
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Other Pre-Announcement

Carnival Corporation & PLC Provides Third Quarter 2022 Business Update

Published: 09/30/2022 13:45 GMT
Carnival Corp. - Ordinary Shares (Paired Stock) (CCL) - Oration & Plc Provides Third Quarter 2022 Business Update.
Occupancy in Q3 of 2022 Increased 15 Percentage Points From Prior Quarter.
Revenue Increased by Nearly 80% in Q3 of 2022 Compared to Q2 2022, Reflecting Continued Sequential Improvement.
Q3 2022 Ended With $7.4 Billion of Liquidity.
Expects a Net Loss and Breakeven to Slightly Negative Adjusted EBITDA for Q4 Ending November 30, 2022.
Carnival - Since Announcing Relaxation of Protocols Last Month, Have Seen Meaningful Improvement in Booking Volumes, Now Running Ahead of 2019 Levels.
Qtrly Loss per Share $0.65.
As of September 30, About 95% of Co's Capacity is Serving Guests.
Expects Eight of Its Nine Brands Will Have Their Entire Fleet Serving Guests by End of Q4 of 2022.
Expects Improvement in Adjusted EBITDA and Occupancy, With Occupancy Returning to Historical Levels During 2023.
Anticipates Positive Adjusted EBITDA for Second Half of 2022.
Cumulative Advance Bookings for Q4 of 2022 Are Below Historical Range and at Lower Prices.
Carnival - Cumulative Advance Bookings for Q4 Are Below Historical Range & at Lower Prices As Compared to 2019 Sailings.
Adjusted Net Loss of $688 Million for Q3 of 2022.
Carnival - 2023 Cumulative Advance Bookings Are Slightly Above Historical Average, at Considerably Higher Prices Versus 2019 Sailings, Normalized for Fccs.
Q3 Revenue View $4.90 Billion -- Refinitiv Ibes Data (analyst estimates).
Qtrly Revenue $4.31 Billion Versus $546 Million.
Q3 Earnings per Share View $-0.15 -- Refinitiv Ibes Data (analyst estimates).