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.
Cunard has announced a six-week residency of the renowned Cuban ballet company Acosta Danza aboard Queen Victoria from May 26 to July 7, 2025. The company, founded by Carlos Acosta, will perform two exclusive shows and offer workshops and panel discussions. Guests can also watch the biographical film 'Yuli: The Carlos Acosta Story'.
The summer sailings will include port calls to destinations in Greece, Croatia, and Spain. Prices start from $4,538 per person for a 14-night Italy and Adriatic voyage. This collaboration aligns with Cunard's history of partnering with major names in theatre entertainment, including West End and Broadway producer David Pugh bringing shows to the new ship Queen Anne.
Princess Cruises is adding Pantalones Organic Tequila, co-founded by Camila and Matthew McConaughey, to its "Love Line Premium Liquors" collection. The tequila, available in Blanco, Reposado, and Añejo expressions, will be served at bars across the fleet and included in Princess Plus and Premier packages. A mobile Pantalones Organic Margarita Cart will offer unique cocktails, with guests able to summon it using the OceanNow service.
The partnership introduces new cocktails like Pants on Fire, Sea Legs, Hot Pants, Fancy Pants Paloma, and 24K Gold Margarita. Pantalones' "pants-free" attitude will be showcased in onboard videos. This addition joins other celebrity-partnered liquors in the collection, including Sláinte Irish Whiskey by Liev Schreiber and Voli 305 Vodka by Pitbull.
Holland America Line is hosting a free Alaska Cruise and Travel Show in San Diego on November 9, 2024. The event aims to showcase Alaska cruise vacations and will feature:
- Chances to win $500 gift cards or an Alaska cruise for two
- Activities like gold panning and axe throwing
- Live presentations and demonstrations
- Opportunities to book cruises with special offers
- Information on shore excursions and onboard amenities
The expo will highlight Holland America Line's 2025 Alaska cruises, which include visits to iconic glacier destinations and Denali National Park. Attendees can learn about the company's extensive Alaska offerings and meet with local experts to plan their ideal Alaska vacation.
Princess Cruises has been recognized in the Condé Nast Traveler's 2024 Readers' Choice Awards, with its newest ship, Sun Princess, named #1 in Mega Cruise in the United States. The cruise line also ranked fifth in the Large Ship category. Over 575,000 readers participated in rating their travel experiences globally.
The 177,882-ton, 4,300-guest Sun Princess introduces an innovative ship platform with unique features like The Dome and the Sphere Atrium. It offers 30 restaurant and bar venues, including celebrity collaborations and high-end culinary experiences. The ship also boasts the Princess Arena, the most technologically advanced theater at sea, and the cruise line's largest casino.
Sun Princess recently completed its inaugural Mediterranean season and will debut in Ft. Lauderdale on October 8 for its first Caribbean season.
Carnival & plc reported record-setting third quarter 2024 results, outperforming guidance and raising full year 2024 outlook for the third time. Key highlights include:
- Net income of $1.7 billion, up over 60% from 2023
- Record revenues of $7.9 billion, up $1.0 billion year-over-year
- Record operating income of $2.2 billion, exceeding 2023 by $554 million
- Raised full year 2024 adjusted EBITDA guidance to approximately $6.0 billion, up over 40% from 2023
- Strong demand driving record advanced bookings for 2025 with higher prices
The company reported robust booking volumes for 2025 sailings at higher prices, positioning it well for continued growth. Carnival also improved its leverage metrics and balance sheet, with expectations to approach a 4.5x net debt to adjusted EBITDA ratio for 2024.
Princess Cruises celebrated a major construction milestone for its second Sphere-Class vessel, Star Princess, with a traditional maritime float out ceremony at the Fincantieri Shipyard in Monfalcone, Italy. The 4,300-guest, 178,000-ton ship, powered by liquefied natural gas (LNG), is set to debut in Fall 2025. John Padgett, Princess Cruises president, announced that Commodore Nick Nash and Captain Gennaro Arma will serve as masters of Star Princess.
The company also revealed additional senior officers for the ship, including Chief Engineers Gaetano Guida and Massimiliano Imperiale, Staff Captains Chris King and Michele Russo, and Hotel General Managers Ralph D'Souza and Bosco Pires. Star Princess will feature innovative designs like The Dome, The Sphere, and The Arena, similar to its sister ship Sun Princess. Voyages for Star Princess's inaugural season are now on sale.
The Eighth Annual Samuel Cunard Prize for Vision, Courage, and Creativity was awarded to Blair McKeil on September 25, onboard Cunard's flagship Queen Mary 2 in Halifax, Nova Scotia. The prize, established in 2015, honors individuals exemplifying Cunard's qualities. McKeil, Vice Chairman of McKeil Marine , led the company's evolution from a tug and barge operation to a leading marine service provider.
Under McKeil's leadership, the company grew to employ over 400 skilled crew members. His commitment to community and fostering a culture of respect among employees is highlighted as a significant part of his legacy. The award recognizes McKeil's dedication to Canada's maritime industry and his family business, demonstrating the values of Samuel Cunard.
Holland America Line is enhancing the holiday season with exclusive themed food and beverage menus across its fleet. The cruise line will offer festive culinary experiences for Thanksgiving, Christmas, Hanukkah, and New Year's Eve. Highlights include:
- Traditional Thanksgiving dinner with turkey and trimmings
- New 'Breakfast with Santa' event
- Christmas Eve menu featuring international dishes
- Hanukkah treats in Lido Market
- Special New Year's Eve dinner and celebrations
The cruise line aims to provide a stress-free holiday experience with diverse dining options. Festive cocktails and non-alcoholic beverages will also be available. Travelers can choose from various holiday itineraries in the Caribbean, Mexico, and Hawaii, with sailings ranging from 7 to 16 days.
Cunard has announced an extensive range of shore excursions for its 78-night South America Discovery voyage on Queen Victoria, departing from Southampton on January 9, 2025. This marks Cunard's return to South America since 2020, offering up to five-day shore excursions at iconic destinations like Buenos Aires, Rio de Janeiro, Patagonia, and the Chilean fjords.
Highlights include a four-day Overland to Machu Picchu, a five-day Overland to Galapagos, and a four-day Iguassa Falls experience. Other excursions feature city tours in Salvador, Lima, and Rio de Janeiro, as well as unique experiences like visiting Codpa Village and a sunset schooner cruise in Rio.
The voyage will also include special features such as a World Voyage cocktail party, a shoreside Gala event, and a unique commemorative gift for guests.
Carnival Cruise Line has unveiled extensive dining and beverage offerings for its new exclusive destination, Celebration Key, set to open on Grand Bahama in July 2025. The destination will feature over 30 food and beverage outlets, including:
- Four full-service restaurants
- A food hall
- Nine food trucks
- Five snack shacks
- Two counter-service kiosks
- Twelve bars
The offerings will include local Bahamian specialties, beachside favorites, seafood, barbeque, and various other cuisines. Some outlets will offer complimentary lunch options as part of the destination's 'Island Eats' program. Key features include waterfront dining at Mingo's Tropical Bar & Kitchen, slow-smoked meats at Surf N' Sauce BBQ & Brews, and Caribbean seafood at Gill's Grill. The destination will also offer unique experiences like swim-up bars and a swings bar.
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