Welcome to our dedicated page for Carnival Corporation news (Ticker: CCL), a resource for investors and traders seeking the latest updates and insights on Carnival Corporation stock.
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) is the world's largest global cruise company and one of the largest vacation companies, with a portfolio that includes many of the most recognized cruise brands. The company's brands include Carnival Cruise Lines, Holland America Line, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; AIDA Cruises in Germany; Costa Cruises in Southern Europe; and P&O Cruises in Australia.
With 92 ships in service as of the end of fiscal 2023, Carnival Corporation offers a wide range of vacation products tailored to different cultures and preferences. Combined, their cruise brands welcomed nearly 13 million guests in 2019 and again in 2023, underscoring the resilient demand for cruise vacations.
Notably, Carnival Corporation also owns Holland America Princess Alaska Tours, enhancing its land-based tour offerings in Alaska and the Canadian Yukon. The company's commitment to development and innovation is evident in its various projects, such as Princess Cruises' new immersive
Carnival Corporation reported a net loss of $1.9 billion for Q1 2022, while liquidity stands at $7.2 billion. Despite an occupancy increase to 54%, the Omicron variant impacted near-term bookings. Revenue per passenger cruise day increased by 7.5% compared to 2019, driven by enhanced onboard revenue. The company plans to fully resume operations by summer 2022 and has begun removing less efficient ships. Monthly adjusted EBITDA is expected to turn positive by summer 2022, alongside rising customer deposits, which reached $3.7 billion.
Carnival Corporation (NYSE: CCL; NYSE: CUK) announced a $3 million commitment from the Micky and Madeleine Arison Family Foundation to support humanitarian aid for Ukrainian refugees. This includes $1 million each to World Central Kitchen, Direct Relief, and UNICEF USA. Additionally, Carnival Cruise Line donated $50,000 to World Central Kitchen. The company emphasizes its commitment to humanitarian efforts amidst the ongoing crisis in Ukraine, with CEO Arnold Donald expressing solidarity with affected individuals.
Holland America Line has improved the preboarding experience by introducing mBark facial recognition and the VeriFLY vaccine verification program at all U.S., Canadian, and European homeports. mBark allows guests to check in in under 10 seconds, while VeriFLY facilitates the upload of vaccination and test results. Initial testing has shown high satisfaction among guests. The rollout of these technologies is set to occur by the end of March 2022 across the fleet, enhancing the overall cruising experience and efficiency.
Cunard has announced its inaugural London Theatre at Sea voyage, featuring the Olivier Awards, set to take place on the Queen Mary 2 from May 15, 2022. This seven-night transatlantic crossing from New York to London includes performances by renowned talents such as Olivier Award winners Sharon D. Clarke MBE and Matt Henry MBE. Guests will enjoy workshops and industry talks, alongside a unique Oliviers Gala Evening. The voyage starts at $799 per person for an Inside stateroom, with Grill Suites priced from $4,299, promising an unforgettable experience for theatre enthusiasts.
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has scheduled a conference call for March 22, 2022, at 10 a.m. EDT to provide a business update. The call will be accessible via the company's websites: carnivalcorp.com and carnivalplc.com. This update is crucial for analysts and investors looking for insights into the company's performance and future outlook amidst ongoing market challenges.
Princess Cruises announced the addition of two U.S. homeports: San Diego and Galveston. The Ruby Princess will operate from Galveston starting December 2022, while the Diamond Princess will return to San Diego in September 2022. Additionally, the Coral Princess is set to resume Australian cruises in June 2022. This marks the full return of Princess Cruises fleet to service, with new itineraries in the Caribbean and along the West Coast. Cancellations of some previously announced itineraries were also noted. Future bookings will commence on specific dates.
Holland America Line is celebrating 75 years of Alaska exploration with its new "Alaska Up Close" program, offering guests immersive experiences in culture, cuisine, and adventure.
This program includes authentic workshops, culinary tastings, and unique shore excursions. Highlights feature local experts, BBC Earth's multimedia performance, and a focus on sustainable dining with the "Savor My Catch" initiative. Cruises begin at $799 per person, with promotional upgrades available until March 31, 2022. Holland America Line operates six ships in Alaska during the summer cruise season, emphasizing its position as the top cruise line in the region.
Seabourn, a luxury cruise line, announces the resumption of cruises to Canadian ports in 2022 following Transport Canada's new guidance. The Seabourn Odyssey will offer seven-day voyages from Vancouver to Juneau from May to September, with limited capacity for 458 guests. Additionally, the Seabourn Quest will explore Canada and New England with 12-day itineraries from late August. This marks the company's return to these destinations after a two-year hiatus, emphasizing luxury travel experiences and environmental stewardship.
Cunard has announced its plans to welcome Canadian guests back aboard the Queen Elizabeth for the summer 2022 Alaska cruise season. The company is offering reduced fares through its Sailing Soon Savings promotion, with seven-night voyages starting at $899 per person. The ship will sail from Los Angeles to Vancouver on May 30, initiating the Alaska cruises on June 5. Cunard aims to provide guests with unique experiences, including exclusive gala dining and enrichment programs with renowned adventurers.
Princess Cruises has announced a full summer season for 2022, resuming operations in Canada with a focus on Alaska cruises. With six ships including the new Discovery Princess, the program features 12 unique itineraries and 140 departures, highlighting ports like Juneau, Skagway, and Ketchikan. The Caribbean Princess kicks off the season on April 6, 2022. The reopening of Canadian ports is expected to boost local economies. Additionally, Princess enhances its offerings with local experiences and MedallionClass technology, ensuring a seamless guest experience.
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