Carnival Corporation - CCL STOCK NEWS

Seabourn has announced the cancellation of additional voyages for three cruise ships: Seabourn Ovation (through January 3, 2021), Seabourn Encore (through January 6, 2021), and Seabourn Quest (through May 10, 2021). The cancellations are part of a proactive measure in response to COVID-19. Delays are noted for the delivery of the new Seabourn Venture, now set for December 1, 2021. Guests affected by the cancellations will receive Future Cruise Credits or refunds. Seabourn continues to prioritize health and safety as it plans for future operations.

AIDA Cruises, a leading German cruise line under Carnival Corporation, announced its fall and winter 2020-2021 cruise offerings amid the ongoing pandemic. Due to travel restrictions, cruises planned for September have been cancelled, prompting an update to the current sailing schedule. The first ship, AIDAmar, will start sailing on Nov. 1, 2020, to the Canary Islands, followed by AIDAperla on Nov. 7. AIDAstella and AIDAprima will resume operations in December. Enhanced COVID-19 health and hygiene measures will be implemented. Cancellations include voyages to the Caribbean, Southern Africa, and Southeast Asia.

Princess Cruises has announced the extension of its pause in cruise operations in Australia until December 12, 2020, due to ongoing COVID-19 impacts and travel restrictions. Guests who have fully paid for cancelled voyages will receive a 100% refundable Future Cruise Credit (FCC) plus an additional 25% non-refundable bonus FCC. For those who have not paid in full, Princess will double the deposit, offering a refundable FCC and a bonus FCC. Guests have until September 30, 2020, to request refunds instead of FCCs, while travel advisor commissions on affected bookings will be protected.

Princess Cruises has announced the cancellation of its early 2021 World Cruises and Circle South America cruises due to ongoing restrictions on border and port access. The affected ships are Island Princess and Pacific Princess. Guests with bookings will receive a refundable Future Cruise Credit equivalent to 100% of the fare plus an additional 25% non-refundable bonus. Alternatively, they can request a full refund by September 30, 2020. The company will also protect travel advisor commissions on fully paid bookings. More information can be found on their website.

Cunard has announced an extension of its operational pause due to UK Foreign & Commonwealth Office guidance, affecting key ships. Queen Elizabeth will pause operations until March 25, 2021, Queen Mary 2 until April 18, 2021, and Queen Victoria until May 16, 2021. Most sailings for Queen Elizabeth in 2021 are cancelled, with new shorter European itineraries introduced starting late March 2021. Notably, Queen Mary 2 is set for a classic World Voyage in 2022, departing January 3. Guests affected by cancellations are offered a 125% Future Cruise Credit or a 100% refund.

Holland America Line has extended its 'Save Now, Cruise Later: Have it All' promotion until September 30, 2020. This deal offers guests up to $2,300 in value per stateroom, including free drinks, gratuities, specialty dining, WiFi, and reduced deposits. Bookings for holidays 2020 through spring 2022 will benefit from these perks. Additionally, the Cancellation Protection Program allows cancellations up to 24 hours before departure, offering refunds between 80-90% of eligible amounts.

Carnival Corporation (NYSE: CCL; NYSE: CUK) has successfully closed a private offering of $900 million in 9.875% Second-Priority Senior Secured Notes due 2027. The proceeds will be utilized for general corporate purposes. The Secured Notes were exclusively offered to qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S, remaining unregistered under the Securities Act. Carnival's operations face numerous risks, notably the ongoing impact of COVID-19 on demand and financial stability.