Carnival : Q3 2021: another tough quarter, recovery expected in 2022
>A $ 2.8bn loss in Q3 - Carnival’s Q3 results publication (at end-August) did not bring any major surprises. Activity remains heavily penalised by the pandemic context, despite a partial recovery for eight of the nine cruise brands (with capacity still weak overall that we estimate at around one-third). The quarter therefore posted a net loss of $ 2.8bn of which $ 2.0bn on an adjusted basis, levels comparable to previous quarters.The level of available liquidity ...Carnival is a leisure travel and cruise company. Co. operates over 100 cruise ships within a portfolio of global, regional and national cruise brands that sell tailored cruise products, services and vacation experiences. Co.'s North America cruise brands include Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn. Co. also has a Cruise Support segment that represents its portfolio of port destinations and private islands, which are operated for the benefit of its cruise brands. In addition to its cruise operations, Co. owns Holland America Princess Alaska Tours, the tour company in Alaska and the Canadian Yukon, which complements Co.'s Alaska cruise operations.
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