Q3 2021 Carnival Corp & Carnival PLC Business Update Call Summary - Thomson StreetEvents

Q3 2021 Carnival Corp & Carnival PLC Business Update Call Summary

Q3 2021 Carnival Corp & Carnival PLC Business Update Call Summary - Thomson StreetEvents
Q3 2021 Carnival Corp & Carnival PLC Business Update Call Summary
Published Sep 24, 2021
17 pages (9802 words) — Published Sep 24, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of CCL.N earnings conference call or presentation 24-Sep-21 2:00pm GMT

  
Brief Excerpt:

...A. Highlights: Guests are having phenomenal time. 1. Onboard revenues for guests are off the chart. a. b. Net promoter scores have been exceptionally strong. 2. Protocols have been working well, beginning with seamless embarkation experience and have enabled Co. to build occupancy levels at significant pace as Co. returns more ships to service. 3. Brands executed well in this initial phase of return to service, particularly given significant restrictions on international travel, hampering ability to offer normal content-rich deployment options and operating requirements in certain jurisdictions that limit normally high occupancy levels. Itinerary planners came up with creative deployment alternatives. a. b. Marketing departments made them accessible with little investment. c. Yield managers priced them appropriately to achieve occupancy targets (inaudible) and coupled them with bundled packages to drive exceptionally strong revenue onboard. d. Despite all additional protocols, crew delivered...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Carnival Corp
Ticker
CCL.N
Time
2:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Brandt Antoine Montour - JPMorgan Chase & Co, Research Division - Analyst : So David, I was wondering if you could maybe give us your view on how bookings cadence progressed throughout Delta, but just focused on sailings for the second half of '22. And then if there was a wobble at all, how did the industry respond to that in terms of pricing?

Question: Brandt Antoine Montour - JPMorgan Chase & Co, Research Division - Analyst : Excellent. And then as a follow-up, I know you're targeting cash flow -- cash flow from operations breakeven sometimes early in '22, and I know that you didn't give a specific month on that, which we can appreciate. I'm just curious, what are you assuming in that for customer deposit inflows if anything, or it might still be elevated at that time. And so just curious what's baked in for that.

Question: Brandt Antoine Montour - JPMorgan Chase & Co, Research Division - Analyst : Okay. But maybe to ask a different way, do you need elevated customer deposit inflows to breakeven on cash flow from operations in the first half of next year?

Question: Brandt Antoine Montour - JPMorgan Chase & Co, Research Division - Analyst : Yes, that's helpful.

Table Of Contents

Q1 2022 Carnival Corp & Carnival PLC Business Update Call Summary – 2022-03-22 – US$ 54.00 – Edited Brief of CCL.N earnings conference call or presentation 22-Mar-22 2:00pm GMT

Q1 2022 Carnival Corp & Carnival PLC Business Update Call Transcript – 2022-03-22 – US$ 54.00 – Edited Transcript of CCL.N earnings conference call or presentation 22-Mar-22 2:00pm GMT

Q4 2021 Carnival Corp & Carnival PLC Business Update Call Summary – 2021-12-20 – US$ 54.00 – Edited Brief of CCL.N earnings conference call or presentation 20-Dec-21 3:00pm GMT

Q4 2021 Carnival Corp & Carnival PLC Business Update Call Transcript – 2021-12-20 – US$ 54.00 – Edited Transcript of CCL.N earnings conference call or presentation 20-Dec-21 3:00pm GMT

Q3 2021 Carnival Corp & Carnival PLC Business Update Call Transcript – 2021-09-24 – US$ 54.00 – Edited Transcript of CCL.N earnings conference call or presentation 24-Sep-21 2:00pm GMT

Q2 2021 Carnival Corp & Carnival PLC Business Update Summary – 2021-06-24 – US$ 54.00 – Edited Brief of CCL.N earnings conference call or presentation 24-Jun-21 2:00pm GMT

Q2 2021 Carnival Corp & Carnival PLC Business Update Transcript – 2021-06-24 – US$ 54.00 – Edited Transcript of CCL.N earnings conference call or presentation 24-Jun-21 2:00pm GMT

Q1 2021 Carnival Corp & Carnival PLC Business Update Summary – 2021-04-07 – US$ 54.00 – Edited Brief of CCL.N earnings conference call or presentation 7-Apr-21 2:00pm GMT

Q1 2021 Carnival Corp & Carnival PLC Business Update Transcript – 2021-04-07 – US$ 54.00 – Edited Transcript of CCL.N earnings conference call or presentation 7-Apr-21 2:00pm GMT

Carnival Corp & plc Q4 2020 Business Update Call Summary – 2021-01-11 – US$ 54.00 – Edited Brief of CCL.N earnings conference call or presentation 11-Jan-21 3:00pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Q3 2021 Carnival Corp & Carnival PLC Business Update Call Summary" Sep 24, 2021. Alacra Store. May 16, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2021-Carnival-Corp-Carnival-PLC-Business-Update-Call-B14989809>
  
APA:
Thomson StreetEvents. (2021). Q3 2021 Carnival Corp & Carnival PLC Business Update Call Summary Sep 24, 2021. New York, NY: Alacra Store. Retrieved May 16, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2021-Carnival-Corp-Carnival-PLC-Business-Update-Call-B14989809>
  
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