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CARNIVAL CORPORATION & PLC PROVIDES THIRD QUARTER 2021 BUSINESS UPDATE ● MIAMI ( September 24 , 2021 ) - Carnival Corporation & plc ( NYSE / LSE : CCL ; NYSE : CUK ) provides third quarter 2021 business update . Exhibit 99.1 U.S. GAAP net loss of $ 2.8 billion and adjusted net loss of $ 2.0 billion for the third quarter of 2021 . Third quarter 2021 ended with $ 7.8 billion of liquidity , which the company believes is sufficient to return to full cruise operations . Voyages for the third quarter of 2021 were cash flow positive and the company expects this to continue . As of August 31 , 2021 , eight of the company's nine brands have resumed guest operations as part of its gradual return to service . Booking volumes for all future cruises during the third quarter of 2021 were higher than booking volumes during the first quarter of 2021 , albeit not as robust as the second quarter of 2021 , primarily as a result of lower booking volumes in August 2021 , reflecting the impact on overall U.S. consumer confidence resulting from heightened uncertainty around the COVID - 19 Delta variant . Cumulative advanced bookings for the second half of 2022 are ahead of a very strong 2019 . Customer deposits increased $ 630 million in the third quarter of 2021 , marking the second consecutive quarter since March 2020 the company has seen an increase in customer deposits . Through its debt management efforts , the company has reduced future annual interest expense by over $ 250 million per year and has completed cumulative debt principal payment extensions of approximately $ 4.0 billion , improving its future liquidity position . The company recently released its Sustainability Report detailing its 2030 sustainability goals and 2050 sustainability aspirations . Third Quarter 2021 Results and Statistical Information Carnival Corporation & plc President and Chief Executive Officer Arnold Donald noted , " We are very glad to be back doing what we do best , delivering memorable vacation experiences for our guests , while doing so in a way that best serves the interests of public health . Our team members are executing exceptionally well on our return to service , exceeding the expectations of our guests and taking guest satisfaction to new heights . Even at this early stage with intentionally constrained occupancy levels , our voyages are already cash flow positive . " Voyages for the third quarter of 2021 were cash flow positive and the company expects this trend to continue . For the cruise segments , revenue per passenger cruise day ( " PCD " ) for the third quarter of 2021 increased compared to a strong 2019 , despite the current constraints on itinerary offerings , which did not include many of the destination rich itineraries offered in 2019. The increase was driven in part by exceptionally strong onboard and other revenue . Occupancy in the third quarter of 2021 was 54 % , building consistently month - to - month from 39 % in June to 59 % in August . Available lower berth days ( " ALBD " ) for the third quarter of 2021 were 3.8 million , which represents 17 % of total fleet capacity . ALBDs are expected to be 10.3 million for the fourth quarter of 2021 , which represents 47 % of total fleet capacity . Donald noted , " Beyond the enthusiasm of our guests and crew and the unprecedented net promoter scores , it is difficult to demonstrate just how successful our restart effort has been because many cruises , while generating positive cash flow , were limited to scenic cruises without ports of call , and generally priced well below the attractive destination rich cruises we normally offer . Carnival Cruise Line resumed operations in July offering Caribbean and Alaska sailings somewhat comparable to prior years and achieved 20 % higher revenue per PCD than 2019 peak levels , despite onboard credits from cancelled cruises . Even with the unusually short booking window and capacity limitations , the brand achieved occupancy of approximately 70 % , which speaks to the strong underlying demand for our core product . "