- December 20, 2021
- Posted by: Stratford Team
- Category: Business
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Carnival Corporation has provided its fourth quarter 2021 business update.
Key Highlights:
- U.S. GAAP net loss of $2.6 billion and adjusted net loss of $2.0 billion for the fourth quarter of 2021.
- Fourth quarter 2021 ended with $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. the company said.
- As of November 30, 2021, 61% of the company’s capacity was operating with guests onboard 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…
