Carnival:
•U.S. GAAP net loss of $(2.9) billion for the third quarter of 2020, which
includes $0.9 billion of non-cash impairment charges.
•Third quarter 2020 adjusted net loss of $(1.7) billion.
•Cash burn rate in the third quarter 2020 and the expected rate for the fourth
quarter are both in line with the previously disclosed expectation.
•Third quarter 2020 ended with $8.2 billion of cash and cash equivalents. The
company expects to further enhance future liquidity, opportunistically.
•Costa successfully resumed guest cruise operations on September 6, 2020.
•AIDA has announced plans to restart guest cruise operations during the fall
2020.
•A total of 18 less efficient ships have left or are expected to leave the
fleet, representing approximately 12 percent of pre-pause capacity and only
three percent of operating income in 2019.
•Cumulative advanced bookings for the second half of 2021 capacity currently
available for sale are at the higher end of the historical range, despite
minimal advertising or marketing.