Carnival Corp Stock Price, News & Analysis

Carnival Corporation & plc (CUK, CCL) reported a net loss of $(2.0) billion for Q1 2021, with cash reserves of $11.5 billion. The company noted a 90% increase in booking volumes compared to Q4 2020 and anticipates resuming limited cruise operations across six brands this summer. Notably, cumulative advanced bookings for 2022 outpace strong 2019 levels with minimal marketing efforts. The average monthly cash burn rate was $500 million, better than expected, but ongoing operations continue to be impacted by the pandemic, projecting further losses for Q2 and the full fiscal year.

Carnival Corporation & plc has scheduled a conference call for April 7, 2021, at 10 a.m. EDT (3 p.m. BST) to discuss a business update. The call will be accessible via their official websites, providing an opportunity for analysts to gain insights into the company's performance amidst ongoing market conditions. This call is crucial for investors monitoring Carnival's recovery trajectory, especially within the context of the cruise industry's challenges.

The World Travel & Tourism Council (WTTC), Carnival Corporation (CCL, CUK), and Hilton (HLT) announced the 2021 Global Scientific Summit on COVID-19. Scheduled for April 15, 2021, this free virtual forum aims to share the latest scientific insights on living with COVID-19. Esteemed experts will discuss epidemiology, testing, and mitigation strategies to navigate a post-pandemic world. The event is open to all and encourages pre-registration for participation. This initiative continues from previous successful forums aimed at enhancing understanding of the pandemic's impact on society.

Holland America Line has announced that its ships Zaandam and Nieuw Statendam will operate cruises to Canada and New England from May to October 2022. The Nieuw Statendam will be the first Pinnacle Class ship to sail in this region. Exclusive itineraries include six- to eight-day trips featuring destinations like Bar Harbor, Québec City, and Halifax. A unique 24-day cruise will circumnavigate Iceland, visiting multiple ports. Passengers can enjoy limited-time booking benefits worth up to $2,300, with cruise prices starting at $799 per person.

Cunard announced a series of UK voyages aboard Queen Elizabeth from July to October 2021, including ten British Isles and three Sun Voyages. Prices start at £599 for a Balcony Stateroom. These cruises are exclusively for UK residents who are Covid-19 vaccinated. Enhanced health protocols will be in place, including mandatory travel insurance and mask-wearing in some areas. The voyages aim to offer a luxurious staycation experience amidst ongoing international travel restrictions. Bookings open on March 31, 2021.

Costa Cruises, part of Carnival Corporation (NYSE/LSE: CCL; NYSE: CUK), has postponed its restart plans to May due to ongoing Covid-19 restrictions in Italy and Europe. The Costa Smeralda will set sail starting May 1, featuring mini-cruises and a 7-day itinerary to various Italian locations. The Costa Luminosa will commence operations on May 16 with cruises in Greece and Croatia. The company continues to implement its Costa Safety Protocol to ensure health and safety during operations.

Princess Cruises announced its Summer Seacations, a series of all-inclusive short breaks and week-long cruises aboard MedallionClass ships, Regal Princess and Sky Princess, commencing from late summer 2021. These cruises will be available to UK resident COVID-19 vaccinated guests only. Regal Princess offers 14 voyages from July 31 to September 23, while Sky Princess provides eight cruises from August 30 to September 28. Fares start at £539 for a three-night cruise, with bookings opening on March 24, 2021.

Carnival Corporation (NYSE: CCL; NYSE: CUK) was honored as one of the Best Companies for Latinos to Work by Latino Leaders Magazine, marking its second consecutive year on the list. This recognition reflects the company's commitment to diversity and inclusion, emphasizing financial stability and career advancement opportunities. The index evaluated 25 U.S. companies based on metrics such as employee diversity and community service. Additionally, Carnival has received accolades from Forbes for its workplace culture and corporate social responsibility initiatives.