shares of carnival fell below their pandemic lows friday after the cruising company posted thirdquarter earnings that revealed higher costs associated with inflation supply chain disruptions and the maintenance of health and safety protocols shares of carnival were down around 20 in late morning trading the stock fell to a 52week low of 701 earlier in the session below the stocks pandemic plunge lows in april 2020 when shares traded around 780 intraday if fridays losses hold it would knock almost 3 billion off carnivals market value shares of norwegian and royal caribbean also fell friday down 14 and 11 respectively carnival reported adjusted net losses of 770 million or 65 cents per share on 43 billion in revenue operating costs and expenses totaled 34 billion during the quarter compared with costs of 16 billion in the third quarter 2021 carnival said bookings improved 15 percentage points from the prior quarter to 84 that compares with 54 occupancy during the same period in 2021 despite governments relaxation of pandemicera protocols in both the us and more recently canada the company is projecting fourthquarter bookings below 2019 levels at lower prices cruise companies across the board are struggling with massive debts taken on during covid lockdowns made more expensive by rising interest rates carnival on friday morning reported 1 billion in principal payments so far for 2022 and a total of 9 billion due by 2025