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Carnival Corporation - CCL STOCK NEWS

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

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Carnival announced the launch of shore power at PortMiami, marking the first major cruise port on the U.S. Eastern Seaboard to provide this capability. Carnival Conquest was the first ship to plug into landside electrical power, representing a significant milestone in Carnival's emissions reduction strategy.

The company surpassed its 2030 shore power goal seven years ahead of schedule and now leads the industry with 67% of its fleet shore power-capable. Shore power can reduce total emissions by up to 98%, contributing to Carnival's goal of achieving net zero greenhouse gas emissions by 2050. An additional 30 shore power connections will be installed onboard Carnival ships in the coming years.

Carnival's decarbonization strategy has resulted in over 10% reduction in total GHG emissions since 2011, despite a 30% increase in fleet capacity. The company continues to work with global ports to expand shore power infrastructure, aligning with broader sustainability goals.

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Holland America Line's McKinley Chalet Resort now offers enhanced dining experiences with new menus at its two on-site restaurants, Karstens Public House and Canyon Steakhouse, featuring authentic Alaskan specialties. The resort has also achieved Marine Stewardship Council certification, ensuring the seafood served is sustainably sourced. New offerings at Denali Square include live music, a portable outdoor bar, educational talks, an Alaska Artist in Residence program, nature walks, and family-friendly activities. This development underscores Holland America's commitment to providing high-quality, sustainable dining options and enriching guest experiences.

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Carnival & plc (NYSE/LSE: CCL; NYSE: CUK) has announced a conference call with analysts scheduled for June 25, 2024, at 10 a.m. (EDT) or 3 p.m. (BST) to discuss their second quarter financial results. The financial results are expected to be released on the same morning. The call will be accessible via a simulcast on Carnival's websites.

Carnival & plc is the world's largest cruise company, including numerous renowned cruise lines such as AIDA Cruises, Carnival Cruise Line, Costa Cruises, and others. The company also emphasizes its industry-leading sustainability initiatives, details of which can be found on their dedicated sustainability website.

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Cunard announced record-breaking bookings following the launch of its new ship, Queen Anne. The 3,000-guest vessel embarked on its maiden voyage on May 3 and returned to Southampton on May 24 for a British Isles Festival voyage. The event included a spectacular naming ceremony in Liverpool, attended by over 50,000 people, with thousands more watching along the River Mersey.

Cunard reported its highest-ever guest bookings in May, with Queen Anne's Europe itineraries particularly popular. The launch also generated over 21 million impressions on social media. Cunard President Katie McAlister attributed the success to the team's hard work and expressed excitement for welcoming new guests aboard Queen Anne and other ships in their fleet.

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Cunard has announced its 2025 Event Voyages across its fleet, including Queen Mary 2, Queen Elizabeth, and Queen Victoria. The seven itineraries, ranging from five to 11 nights, will feature events highlighting arts, gastronomy, wine, and entertainment with expert-led activities.

Key voyages include the Great Australian Culinary Voyage on February 6, 2025, starting at $1333 per person, and the Film Festival at Sea on March 8, 2025, starting at $1193 per person. Other notable cruises include the Cunard 185th Anniversary Sailing, Dance the Atlantic, and the Literature Festival at Sea, each featuring unique themes and expert guests.

Prices for these voyages start from $1142 to $1854 per person, based on double occupancy in a Britannia Balcony stateroom.

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Holland America Line's Eurodam will be featured on Bravo's 'Top Chef' airing June 12, 2024. The episode will showcase the cruise line's Global Fresh Fish Program and a special appearance by Chef Masaharu Morimoto, who will prepare a meal for the final four 'cheftestants'. The winner of this penultimate challenge will receive a $10,000 cash prize and a 10-day cruise. The episode represents the first time 'Top Chef' filmed its finale in the Caribbean on a cruise ship. Holland America Line emphasizes its commitment to providing high-quality, sustainably sourced seafood, an effort recognized by certifications from the Marine Stewardship Council and Aquaculture Stewardship Council.

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Princess Cruises has been named the official cruise line partner of the Academy of Country Music (ACM). The partnership was announced at the 59th ACM Awards on May 16, hosted by Reba McEntire. This collaboration includes Princess Cruises sponsoring the "ACM Live from the Red Barrel Lounge" series in Nashville, featuring emerging country artists. Select future voyages will also feature performances by these artists. Princess will support the ACM Honors in August, recognizing various award winners. Princess Cruises aims to offer unique onboard experiences combining country music and cruising.

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Holland America Line has announced its 'Summer Savings Event,' offering up to 40% off cruise fares, free third and fourth guests, onboard credits up to $100 per stateroom, and 50% reduced deposits. This promotion is applicable on select cruises departing between June 2024 and May 2025. Destinations include Alaska, Europe, the Caribbean, and more. The event is combinable with the 'Have It All' premium fare, which includes additional amenities such as shore excursions and specialty dining. Bookings must be made by June 28, 2024.

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Carnival announced that it will sunset the P&O Cruises Australia brand in March 2025, integrating it into Carnival Cruise Line. This strategic move aims to optimize the brand portfolio and boost operational efficiencies. The transition will add eight new ships to Carnival Cruise Line's fleet, increasing its capacity by nearly 25% since 2019. Despite a projected company-wide growth of under 2% CAGR from 2019 to 2028, Carnival Cruise Line's capacity is expected to grow by approximately 50%. The realignment will also enhance performance in the South Pacific, with Carnival remaining the largest cruise operator in the region.

While operational adjustments will be made, the experience for P&O Cruises Australia guests will largely remain the same, with the addition of Carnival's HubApp and loyalty program. The company remains committed to the Australian market, with 19 ships calling on 78 destinations.

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Cunard has named the City of Liverpool as the godparent of its latest ship, Queen Anne, recognizing the historic connection dating back to 1840. The announcement highlights the longstanding relationship between Cunard and Liverpool, which was Cunard's original headquarters for 128 years.

Five notable Liverpool icons—Melanie C, Ngunan Adamu, Natalie Haywood, Jayne Casey, and Katarina Johnson-Thompson—will represent the city at the ship's naming ceremony. The event will feature performances by the Royal Liverpool Philharmonic Orchestra and operatic superstar Andrea Bocelli.

Cunard's new ship, Queen Anne, entered service in May 2024, and will be the 249th ship to carry the Cunard name. The ceremony, to be held on the Liverpool waterfront, underscores Cunard's commitment to maintaining its historic ties as it continues to expand its fleet.

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FAQ

What is the current stock price of Carnival Corporation (CCL)?

The current stock price of Carnival Corporation (CCL) is $24.31 as of November 15, 2024.

What is the market cap of Carnival Corporation (CCL)?

The market cap of Carnival Corporation (CCL) is approximately 32.5B.

What brands are part of Carnival Corporation & plc?

Carnival Corporation's portfolio includes Carnival Cruise Lines, Holland America Line, Princess Cruises, Seabourn, P&O Cruises, Cunard Line, AIDA Cruises, and Costa Cruises.

How many guests did Carnival Corporation attract in 2023?

Carnival Corporation's brands attracted nearly 13 million guests in 2023, matching pre-pandemic levels of 2019.

What sustainability initiatives is Carnival Corporation involved in?

Carnival Corporation is involved in various sustainability initiatives, including biofuel tests on Holland America Line ships and a commitment to net-zero emissions by 2050.

What new experiences does Princess Cruises offer?

Princess Cruises offers new immersive experiences like the 'Voyage to the Stars' program in Alaska, featuring a planetarium show of the Northern Lights.

Where can I find financial information about Carnival Corporation?

Financial information about Carnival Corporation can be found on their official websites at www.carnivalcorp.com and www.carnivalplc.com.

What is Holland America Line's Global Fresh Fish Program?

Holland America Line's Global Fresh Fish Program sources 80 types of fresh fish from a global network of 60 ports, ensuring the freshest seafood is served onboard.

How many ships does Carnival Corporation operate?

Carnival Corporation operates 92 ships across its various cruise brands as of the end of fiscal 2023.

What regions do Carnival Corporation's brands serve?

Carnival Corporation's brands serve regions including North America, the United Kingdom, Germany, Southern Europe, and Australia.

What are some of Carnival Corporation's latest projects?

Latest projects include Princess Cruises' expanded Alaska itineraries and Holland America Line's biofuel tests to reduce greenhouse gas emissions.

How can I stay updated on Carnival Corporation's news?

You can stay updated on Carnival Corporation's news by visiting their official website or following their press releases and updates online.

Carnival Corporation

NYSE:CCL

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CCL Stock Data

32.51B
1.12B
7.64%
62.29%
4.99%
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Water Transportation
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