Carnival Corp. (CCL) Post Q4 Loss of $2.31/Share

Carnival Corp. (NYSE: CCL) reported Q4 EPS of ($2.31), $1.03 worse than the analyst estimate of ($1.28). Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $1.34 billion.

Update on Bookings

Donald added, "Booking volumes continue to build for the remainder of 2022 and well into 2023 and we are achieving those early bookings with strong demand and pricing."

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 FCCs, normalized for bundled packages, as compared to 2019 sailings. Booking volumes for the same periods during fourth quarter of 2021 were higher than the third quarter of 2021. Over the last few weeks, we have experienced an initial impact on bookings related to near-term sailings as a result of the Omicron variant. (Due to the gradual resumption in guest cruise operations, the company's current booking trends will be compared to booking trends for 2019 sailings.)

Total customer deposits increased $360 million to $3.5 billion as of November 30, 2021 from $3.1 billion as of August 31, 2021. For the third consecutive quarter, the company saw an increase in customer deposits.

For earnings history and earnings-related data on Carnival Corp. (CCL) click here.

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