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Carnival Corporation provides fourth quarter 2021 business update

U.S. GAAP net loss of USD 2.6 billion and adjusted net loss of USD 2.0 billion for the fourth quarter of 2021. Fourth quarter 2021 ended with USD 9.4 billion of liquidity. For the cruise segments, revenue per passenger cruise day ("PCD") for the fourth quarter of 2021 increased approximately 4% compared to a strong 2019. The increase was driven in part by exceptionally strong onboard and other revenue.

As of November 30, 2021, 61% of the company's capacity was operating with guests on board and it expects the full fleet to be back in operation in the spring of 2022.

Cumulative advanced bookings for the second half of 2022 and first half of 2023 are at the higher end of historical ranges and at higher prices, with or without future cruise credits ("FCC"), normalized for bundled packages, as compared to 2019 sailings.

Customer deposits increased USD 360 million in the fourth quarter of 2021, marking the third consecutive quarter the company has seen an increase in customer deposits.

Through its debt management efforts, the company has refinanced over USD 9 billion to date, reducing its future annual interest expense by approximately USD 400 million per year and extending maturities, optimizing its debt maturity profile.

Carnival Corporation's CDP score for climate change improved to a B from a C in recognition of enhanced disclosures, including the establishment of its 2030 sustainability goals and 2050 aspirations.

Full report here https://www.carnivalcorp.com/news-releases/news-release-details/carnival-corporation-plc-provides-fourth-quarter-2021-business  

Dec 21 2021


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