Independent journal on economy and transport policy
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Carnival, still heavy the net loss (-1.9 billion) recorded in the first quarter of the 2022 financial year
Resuming revenues, still distant from the pre-pandemic level
March 22, 2022
In the period December 2021-February 2022, the revenues of the cruise group amounted to 1.62 billion, with a sharp rise compared to only 26 million in the corresponding period of the previous year, but with a decline in the -66.1% compared with the first quarter of fiscal year 2020 when the effects of the pandemic on the crucieristic activities had not materialized. Of the total volume of business, the sale of the tickets generated revenue of 873 million and sales on board of the ships revenue of 750 million. Operating result and net economic result were both negative and equal to -1.49 billion and -1.89 billion respectively compared with a negative sign for -1.52 billion and -1.97 billion in the first quarter of the financial year 2021.
To report the substantial increase in fuel costs used by Carnival's fleet, with a cost of fuel per tonne consumed that in the first quarter of fiscal 2022 was 648, with growth of 65.3% on the same period of the 2021 financial year, of 35.8% on the same period in 2020 and 41.2% on the same period in 2019.
Commenting on the results of the first quarter of the 2020 financial year, Carnival Chairman and Chief Executive Officer Arnold Donald said that during the period the group continued in its fleet optimization efforts. " in delivery three largest and most efficient vessels, Coast Tuscany and AIDAcosma , the fifth and sixth ships of the company powered by liquefied natural gas, and Discovery Princess "We have also announced the removal of three smaller and less efficient ships, bringing the total to 22 ships, significantly reducing our capacity growth rate," the company said. "As we return to full operation, almost 25% percent of our capacity will be made up of newly delivered ships, which we believe will accelerate our return to profitability and improve our return on invested capital," he said. He said Carnival had put back 75% percent of the fleet's capacity to date.
Carnival plans to lose the second quarter of the current financial year and then return to profit in the following quarter. A net loss is also expected in the entire 2022 annual financial year.
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In the period December 2021-February 2022, the revenues of the cruise group amounted to 1.62 billion, with a sharp rise compared to only 26 million in the corresponding period of the previous year, but with a decline in the -66.1% compared with the first quarter of fiscal year 2020 when the effects of the pandemic on the crucieristic activities had not materialized. Of the total volume of business, the sale of the tickets generated revenue of 873 million and sales on board of the ships revenue of 750 million. Operating result and net economic result were both negative and equal to -1.49 billion and -1.89 billion respectively compared with a negative sign for -1.52 billion and -1.97 billion in the first quarter of the financial year 2021. 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
