Carnival Corporation fourth quarter 2022 update

FinanceRevenue in the fourth quarter of 2022 was USD 3.8 billion, which was 80% of 2019 levels and adjusted EBITDA for the fourth quarter of 2022 was USD (96) million (USD (1,060)).

U.S. GAAP net loss of USD 1.6 billion and adjusted net loss of USD 1.1 billion for the fourth quarter of 2022.
Adjusted EBITDA for the fourth quarter of 2022 was USD (96) million, within the previous guidance range of breakeven to slightly negative, despite an approximate USD 40 million unfavorable impact from fuel price and currency rates since forecasted information was provided in the Third Quarter Business Update.
Adjusted EBITDA for the second half of 2022 was USD 207 million, inclusive of an increased investment in advertising to drive revenue in 2023.
For the cruise segment, revenue per passenger cruise day ("PCD") for the fourth quarter of 2022 increased 0.5% (3.8% in constant dollar) compared to a strong 2019, overcoming the dilutive impact of future cruise credits ("FCCs"), and better than the third quarter of 2022 which decreased 4.1% (2.1% in constant dollar) compared to 2019.
Occupancy in the fourth quarter of 2022 was 19 percentage points below 2019 levels, on capacity in guest cruise operations approaching 2019 levels. This was better than the third quarter which was 29 percentage points below 2019 levels on 8% lower capacity than 2019.
The company's full year 2023 cumulative advanced booked position is higher than its historical average at higher prices in constant currency, normalized for FCCs, as compared to a strong 2019.
Total customer deposits hit a fourth quarter record of USD 5.1 billion as of 30 November 2022, surpassing the previous record of USD 4.9 billion as of 30 November 2019.
Fourth quarter 2022 ended with USD 8.6 billion of liquidity.

dec 22 2022