Welcome to our dedicated page for Carnival PLC news (Ticker: CUK), a resource for investors and traders seeking the latest updates and insights on Carnival PLC stock.
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) is a British-American cruise operator, recognized as the largest global cruise company. Headquartered in Miami, Florida, the company boasts a diverse portfolio of ten cruise line brands, including Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe; and P&O Cruises in Australia. Carnival's fleet encompasses over 100 vessels, providing a range of memorable vacation experiences worldwide.
With 92 ships in service by the end of fiscal 2023, Carnival has demonstrated significant recovery and growth, especially after the pandemic. The company saw nearly 13 million guests in 2019, a figure they matched again in 2023. Among its notable achievements and current projects, Carnival continues to innovate in sustainable travel. Holland America Line, for example, began a long-term biofuel test on its flagship, Rotterdam, aiming to reduce greenhouse gas emissions significantly.
Recent news highlights the company's commitment to enriching guest experiences. Princess Cruises introduced an immersive 'Voyage to the Stars' experience in Alaska, while Holland America Line's Global Fresh Fish Program was featured on 'Top Chef'. Additionally, Seabourn's launch of its Zero @ Sea mixology program showcases unique non-alcoholic cocktails, responding to evolving guest preferences.
Carnival Corporation's future projects are also promising. The Princess Cruises fleet is set to expand its itineraries in Japan and Southeast Asia for the 2025-26 season, with Diamond Princess leading the way. Moreover, the Seabourn Odyssey will offer nostalgic final voyages through Alaska before transitioning out of the fleet.
Financially, Carnival Corporation continues to show resilience and growth, reflected in their latest fiscal reports and quarterly earnings. Investors and stakeholders can look forward to a conference call scheduled on June 25, 2024, to discuss second-quarter financial results. This proactive engagement underscores Carnival's dedication to transparency and shareholder value.
Carnival reported record financial results for 2024 and provided a strong outlook for 2025. The company achieved all-time high revenues of $25 billion, up 15% from the previous year, with full year net income of $1.9 billion. Fourth quarter results showed record revenues of $5.9 billion, 10% higher than prior year.
The company reported record adjusted EBITDA of $6.1 billion, 40% higher than 2023, and achieved an adjusted return on invested capital of 11%. Looking ahead to 2025, Carnival expects approximately 4.2% higher net yields and projects adjusted net income of about $2.3 billion, representing 20% earnings growth. The company's cumulative advanced bookings for 2025 are at an all-time high for both price and occupancy.
Holland America Line launches its 'Start Your Journey Sale' from Dec. 19, 2024, through Feb. 28, 2025, offering significant perks for select cruises from spring 2025 to spring 2026. The promotion includes balcony upgrades, the 'Have It All' premium package, free kids' fares, and 50% reduced deposits. Cruise fares start at $129 per person per day.
Early bookers who reserve by Jan. 31, 2025, receive additional onboard credits up to $400 per stateroom. The 'Have It All' package includes shore excursions, beverages, specialty dining, and Wi-Fi. The offer covers various destinations including Alaska, Caribbean, Mediterranean, and more, with sample fares ranging from $115 to $302 per person per day.
Princess Cruises has launched a new 24/7 Dine Line service (1-833-805-DINE) to enhance dining reservation accessibility across its fleet. The service allows guests to book or modify reservations for traditional, specialty, and experiential dining options, including exclusive experiences like 360, Love by Britto, and Spellbound by Magic Castle. The service can accommodate groups from 2 to 50 people.
The Dine Line also facilitates the purchase of Princess Plus and Princess Premier packages, offering up to 65% savings. Premium access is granted to Captain's Circle Platinum and Elite members, Suite guests, and Sanctuary Collection bookings, who can use the service immediately after booking, while other guests must have fully paid reservations.
Princess Cruises has launched its 'Come Aboard Sale' through February 28, 2025, offering significant discounts on 2025-2027 sailings. The promotion includes up to 40% off cruise fares across 17 ships, complimentary room upgrades, $99 deposits, and free sailing for 3rd and 4th guests in the same stateroom.
The sale covers various destinations across all seven continents, including new ships Sun Princess and Star Princess. Sample fares start from $649 for a 7-Day Mexican Riviera cruise. Guests booking Sanctuary Collection Suite, Mini-Suite, or Balcony on Sun Princess and Star Princess can save $1,400 or more on over 250 cruises.
The company also extended its Better than Best Price Guarantee through December 15, 2025, offering 120% of the difference in onboard credit if guests find a better fare.
Seabourn, the ultra-luxury and expedition cruise line, has achieved a remarkable milestone with 45 top travel industry awards in 2024. The company received recognition across multiple categories, including best luxury line, expedition offerings, service, suites, culinary, and entertainment. Notable accolades came from prestigious publications such as Condé Nast Travel, where Seabourn Ovation was named among the Best Cruise Ships and Seabourn Pursuit featured on the Hot List.
The company secured top positions in various rankings, including No. 1 in Best Small Ships and Expedition Ships categories in the Condé Nast Traveller UK Reader's Choice Awards. U.S. News & World Report awarded Seabourn Gold Badge recognition in multiple categories, ranking No. 2 in Best Luxury Cruise Lines, Best Cruise Lines for Couples, and Best Cruise Lines in the Mediterranean.
Princess Cruises has garnered numerous prestigious awards in 2024, highlighting its industry leadership. The Sun Princess, named Condé Nast Traveler's Mega Ship of the Year, led the company's achievements. For the 21st consecutive year, Princess won Best Cruise Line in Alaska at the Travel Weekly Readers' Choice Awards.
The cruise line received multiple honors from various organizations, including World Cruise Awards (Best Dining and Gambling), Travel Weekly Magellan Awards (five Gold and two Silver), and Cruise Critic's "Best Ship for Romance" award. Notable achievements include Gold awards for Premium Ship Entertainment, Total Eclipse Sky Princess Voyage, and marketing initiatives. Both Sun Princess and Diamond Princess were recognized in Newsweek's Reader's Choice Awards for Best Cruise Ship Casino.
Carnival & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, has announced its upcoming fourth quarter earnings conference call scheduled for Friday, December 20, 2024, at 10 a.m. (EST). The financial results are expected to be released the same morning, with a simulcast available through the company's websites. Carnival operates a diverse portfolio of cruise brands including AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), P&O Cruises (UK), Princess Cruises, and Seabourn.
Half Moon Cay, an exclusive destination in The Bahamas, is being renamed to RelaxAway, Half Moon Cay as part of a major enhancement project announced by Holland America Line and Carnival Cruise Line. The expansion includes a new pier on the north side accommodating Carnival's Excel class ships, expanded beachfront experiences, new lunch venues, and various bars.
The development spans over a mile of white-sand beach with distinct welcome plazas on both south and north sides. The south side will receive a Bahamian refresh with a new beach club and updated facilities, while the north side will feature new dining venues and island-themed bars. A new tram service will be added for convenience, along with expanded lounging areas, additional cabanas, and a shore excursion pier.
The enhancements are scheduled to begin completion by summer 2026 and continue through year-end, with all upgrades designed to complement the island's natural beauty.
Princess Cruises announced record-breaking bookings during the Black Friday through Cyber Monday period, with a 32% increase compared to 2023. Cyber Monday showed exceptional performance with a 136% surge in bookings versus the previous year.
The strong demand extended to both 2025 and 2026 sailings, with 2026 itineraries showing a remarkable 66% increase compared to 2025 bookings made during the same period last year. This indicates a growing trend of guests planning their cruises further in advance.
The success follows the company's expansion of offerings in popular regions like Alaska, Europe, and the Caribbean, along with the introduction of new exotic destinations for 2025 and 2026.
Cunard has announced a major refurbishment of Queen Elizabeth cruise ship, scheduled from February 25 to March 13, 2025, at Seatrium's Admiralty Yard in Singapore. The renovation precedes the ship's inaugural Caribbean program from Miami and first Alaska season from Seattle in 2025.
The 2,000-guest vessel will undergo significant upgrades, including refreshed signature spaces like the Commodore Club, Queens Room, and Garden Lounge. The transformation includes enhanced Grills suites and dining experience, featuring an exclusive menu by Michelin-starred chef Michel Roux. New additions include The Pavilion Wellness Café and Harper's Bazaar Wellness at Sea program.
The Caribbean season will begin October 16 with a 12-night roundtrip from Miami, marking the first time a Cunard ship will spend a full season there, offering voyages ranging from 9 to 28 nights.
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