The company said passenger ticket revenues rose $747 million, or 26%, to $3.6 billion ($2.9 billion a year earlier) for the 3 months ended February 29, 2024. Passenger ticket revenues made up 67% of total revenues.

1. 01

   The company said passenger ticket revenues rose $747 million, or 26%, to $3.6 billion ($2.9 billion a year earlier) for the 3 months ended February 29, 2024. Passenger ticket revenues made up 67% of total revenues.

2. 02

   Carnival said consolidated operating income rose $447 million to $276 million for the 3 months ended February 29, 2024. The company posted an operating loss of $(172) million a year earlier.

3. 03

   The company said it had liquidity of $5.2 billion as of February 29, 2024, including $2.2 billion in cash and cash equivalents and $3.0 billion in borrowings available under its Revolving Facility. Its working capital deficit was $7.9 billion, larger than the $6.2 billion as of November 30, 2023.

4. 04

   The company said net cash provided by operating activities was $1.8 billion for the 3 months ended February 29, 2024. It used net cash of $2.2 billion in investing activities over the same period, with capital expenditures for its ongoing new shipbuilding program totaling $1.7 billion.

Key figures

Quarter ended February 29, 2024

Revenue

$5.4B

Operating income

$276M

Net income

−$214M

EPS

−$0.17

Operating cash flow

$1.8B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.