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Carnival Corp. to provide business update in July 10 call

CRUISE Carnival Corp. logo.jpg
Carnival Corp. & plc plans to give a business update and additional second quarter financial information on July 10.

The company scheduled a call with analysts for 10 a.m. EDT/3 p.m. BST that day. The call will be available at and

Follows preliminary Q2 results

Carnival had reported preliminary Q2 results on June 18, when it signaled a loss of $2.4bn, or $3.30 per share, on revenues of $0.7bn, down from $4.8bn in the prior year.

Ship sales

The company had also signaled that six ships were expected to exit in the next 90 days. So far, Costa Victoria has been reported among them.

At the time, Carnival said advance bookings for 2021 capacity currently available for sale were 'within historical ranges at prices that are down in the low to mid-single digits range including the negative yield impact of [future cruise credits] and on-board credits applied, on a comparable basis.'

For full year 2021, booking volumes for the six weeks ending May 31, 2020, were running 'meaningfully behind the prior year.' However, this was an improvement in booking volumes compared to six weeks before May 31.


At the time, Carnival listed $7.6bn of liquidity and said it expected to further enhance that. Since then, the company's 5.75% notes due 2023 became eligible to convert into shares of common stock and arranged a first-priority senior secured term loan facility consisting of $1.86bn and €800m tranches, with a maturity of five years.

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