Carnival Corp (LIM:CCL)
$ 25.3 0 (0%) Market Cap: 33.73 Bil Enterprise Value: 62.49 Bil PE Ratio: 22.45 PB Ratio: 3.71 GF Score: 41/100
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Q3 2022 Carnival Corp & Carnival PLC Business Update Call Transcript

Sep 30, 2022 / 02:00PM GMT
Release Date Price: $9.36
Josh Weinstein
Carnival Corporation & plc - President, CEO, Chief Climate Officer & Director

Good morning. This is Josh Weinstein. Welcome to our third quarter 2022 business update conference call, my first as CEO. I'm joined today telephonically by our Chair, Micky Arison. And with me here in our Miami offices, our Chief Financial Officer, David Bernstein; and our Senior Vice President of Investor Relations, Beth Roberts.

Before I begin, please note that some of our remarks on this call will be forward-looking. Therefore, I must refer you to the cautionary statement in today's press release.

Our business continues on a positive trajectory. We've been closing the gap to 2019 as we put a stake in the ground internally and shifted from return to service to a relentless focus on return to strong profitability. The occupancy gap to 2019 has reduced from over 50 points in Q1 to less than 30 points in Q3. At the same time, our capacity in service has gone from approximately 60% in Q1 to over 90% in Q3. In fact, in the month of August, we achieved almost 90% occupancy at higher

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