...A. Highlights: Business continues on a positive trajectory. 1. 2. Has been closing the gap to 2019, as Co. put a stake in ground internally and shifted from return to service to a relentless focus on return to strong profitability. Occupancy gap to 2019 has reduced from over 50 points in 1Q to less than 30 points in 3Q. a. b. At the same time, Co.'s capacity in service has gone from approx. 60% in 1Q to over 90% in 3Q. i. In Aug., achieved almost 90% occupancy at higher constant dollar revenue per diems, despite impact of future cruise credits. ii. Differential in adjusted cruise costs, excluding fuel per ALBD, has reduced from over $25 in 1Q down to $10 in 3Q. 3. Adjusted EBITDA over $300m, overcoming a near-doubling in fuel prices. Expects aforementioned favorable trends to continue, as Co. finishes up 2022 and heads into 2023. a....
