Carnival Corp. outlined the positives in a gradual return to service after Hurricane Irma, including a return of cruises from Miami and an increase in guests from other parts of Florida.
Carnival Corp. Outlines Positives In Gradual Return To Service
Despite a $2 billion adjusted net loss in the third quarter, Carnival Corp. reported encouraging improvements, citing the steady restoration to service of eight of its nine cruise brands.
The company stated in its business report that trips were cash-flow positive in the third quarter of 2021, a trend it intends to maintain. In the third quarter, occupancy reached 54 percent, increasing steadily from 39 percent in June to 59 percent in August.
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“We are delighted to be back doing what we do best, providing unforgettable holiday experiences for our passengers while also promoting public health,” said Carnival Corp. President and CEO Arnold Donald. “Our team members are doing an outstanding job on our return to service, surpassing our customers’ expectations and raising guest satisfaction to new heights. Our trips are now cash-flow positive, even at this early stage with deliberately modest occupancy levels.”
The firm said that third-quarter booking volumes were higher than the first quarter of 2021, but not as strong as the second quarter. “Lower booking volumes in August 2021, reflecting the effect on general U.S. consumer confidence coming from heightened uncertainty surrounding the COVID-19 Delta variant,” according to the report. Nonetheless, total advance reservations for the second half of 2022 are “ahead of a very good 2019.”
“It is unsurprising that being the biggest in our sector, we are now effectively functioning on a bigger scale than anybody else in the industry,” Donald added. “Our procedures have been functioning effectively, allowing us to increase occupancy levels as more ships are returned to service. Looking forward, we want to resume full passenger cruise operations by next spring, just in time for our crucial summer season, when we generate the majority of our operational profit.”
In early 2022, the firm hopes to have its whole fleet operational again. Since the sector halted operations in March 2020, Carnival Corp. has sold 19 smaller, less-efficient ships.
“Despite decreased marketing expenditure, our booked position for the second half of 2022 is at a new historical high, including our typically strong third quarter with all of our ships scheduled to be in operation,” Donald added. “While the overall travel situation remains turbulent, it has improved significantly since last summer, and we think it will improve much more by next summer if the present trend of vaccination roll-outs and therapeutic advances continues. We’ve also started reservations for further-out trips in 2023, and there’s already a lot of interest.”
The carnival q1 2021 is a company that has come under fire for its decision to end service on the Carnival Triumph. However, the company released a statement outlining some of the positives that will come from returning to service.
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