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Q4 2021 Carnival Corp & Carnival PLC Business Update Call Summary

Published Dec 20, 2021

17 pages (9758 words) — Published Dec 20, 2021

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Abstract:

Edited Brief of CCL.N earnings conference call or presentation 20-Dec-21 3:00pm GMT

Brief Excerpt:

...A. Highlights: Co. is clearly on its way back to full cruise operations with 50 ships now serving guests as CCL ends the FY. 1. Up from 1 ship vs. one year ago. a. 2. Returned over 65,000 crew members to ships and resuming operations over 1.2m guests and counting that sailed along. Achieved that while delivering an exceptional guest experience with historically high net promoter scores. a. 3. These are strong accomplishments, especially in light of uncertainty faced one year ago when vaccines were not yet available and effective protocols to mitigate spread of virus were still evolving. Today, team members and vast majority of guests have received vaccines and many received boosters. a. b. Established effective protocols for COVID-19 and its variants enabling occupancy to progress toward historical levels. c. Occupancies at Carnival Cruise Line brand which currently operates and generates at most similar to its normally published itinerary are now approaching 90%. That's after the impact...

Report Type:

Brief

Source:

Thomson StreetEvents

Company:

Carnival Corp

Ticker

CCL.N

Time

3:00pm GMT

Format:

PDF

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: Paul Alexander Golding - Macquarie Research - Analyst : So I had a quick question on just structural evolution of the marketplace. David, I think you had mentioned earlier about the mix shift increasing a bit sequentially towards higher-end state room mix. And I'm wondering if that's something beyond the current order book you're looking to do more long term because you see higher propensity? The spend, should we expect as far as thinking once we're in a clear yield environment, should we expect just continued increase in higher-end state room mix? And then I have a follow-up on inflation. Question: Paul Alexander Golding - Macquarie Research - Analyst : Great. And then on the cost side, as we think about your commentary on inflation, your thoughts on 2022 fuel cost. Should we start thinking more about whether hedging is going to play a role here again for your team versus what was previously not a robust hedging program on your side in the fuel space? Question: Paul Alexander Golding - Macquarie Research - Analyst : And other than the LNG, nothing meaningful on mix shift between bunker and MGO and going into the operating here?

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: Paul Alexander Golding - Macquarie Research - Analyst : So I had a quick question on just structural evolution of the marketplace. David, I think you had mentioned earlier about the mix shift increasing a bit sequentially towards higher-end state room mix. And I'm wondering if that's something beyond the current order book you're looking to do more long term because you see higher propensity? The spend, should we expect as far as thinking once we're in a clear yield environment, should we expect just continued increase in higher-end state room mix? And then I have a follow-up on inflation.

Question: Paul Alexander Golding - Macquarie Research - Analyst : Great. And then on the cost side, as we think about your commentary on inflation, your thoughts on 2022 fuel cost. Should we start thinking more about whether hedging is going to play a role here again for your team versus what was previously not a robust hedging program on your side in the fuel space?

Question: Paul Alexander Golding - Macquarie Research - Analyst : And other than the LNG, nothing meaningful on mix shift between bunker and MGO and going into the operating here?

Carnival Corp & Carnival PLC Q2 2022 Earnings Call Summary – 2022-06-24 – US$ 54.00 – Edited Brief of CCL.N earnings conference call or presentation 24-Jun-22 2:00pm GMT

Carnival Corp & Carnival PLC Q2 2022 Earnings Call Transcript – 2022-06-24 – US$ 54.00 – Edited Transcript of CCL.N earnings conference call or presentation 24-Jun-22 2:00pm GMT

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 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 Summary – 2021-09-24 – US$ 54.00 – Edited Brief of CCL.N earnings conference call or presentation 24-Sep-21 2:00pm 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

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MLA:	Thomson StreetEvents. "Q4 2021 Carnival Corp & Carnival PLC Business Update Call Summary" Dec 20, 2021. Alacra Store. Apr 30, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2021-Carnival-Corp-Carnival-PLC-Business-Update-Call-B15073389>

APA:	Thomson StreetEvents. (2021). Q4 2021 Carnival Corp & Carnival PLC Business Update Call Summary Dec 20, 2021. New York, NY: Alacra Store. Retrieved Apr 30, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2021-Carnival-Corp-Carnival-PLC-Business-Update-Call-B15073389>

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Q4 2021 Carnival Corp & Carnival PLC Business Update Call Summary

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