Carnival Corporation & plc provides second quarter 2022 business update

U.S. GAAP net loss of USD 1.8 billion and adjusted net loss of USD 1.9 billion for the second quarter of 2022.
Cash from operations turned positive in the second quarter of 2022.
Second quarter 2022 ended with USD 7.5 billion of liquidity, including cash, short-term investments and borrowings available under the company's revolving credit facility.
Revenue increased by nearly 50% in the second quarter of 2022 compared to first quarter 2022, reflecting continued sequential improvement. For the cruise segments, revenue per passenger cruise day ("PCD") for the second quarter of 2022 decreased slightly compared to a strong 2019.

Occupancy in the second quarter of 2022 was 69%, an increase from 54% in the prior quarter.
Customer deposits increased USD 1.4 billion to USD 5.1 billion as of 31 May, 2022 from USD 3.7 billion as of 28 February, 2022.
As of 24 June, 2022, 91% of the company's capacity is in guest cruise operation.
Booking volumes for all future sailings during the second quarter of 2022 were nearly double the booking volumes during the first quarter of 2022; the company notes these were its best quarterly booking volumes since the beginning of the pandemic.

Full report https://www.prnewswire.com/news-releases/carnival-corporation--plc-provides-second-quarter-2022-business-update-301574609.html

Jun 27 2022