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 Cruise Line reported a record Cyber Monday booking day, achieving a 50% increase over Cyber Monday 2019. This follows the introduction of new services by Carnival Luminosa in Australia and Carnival Celebration in Miami, with 24 ships currently in operation. The company has also announced plans to expand its fleet, with three additional ships set to join by 2024. Consumer demand has surged, evidenced by a busy March 28-April 3 booking week earlier this year. The successful naming ceremony for Carnival Celebration on November 20 contributed to heightened interest in cruise vacations.
Cunard has revealed new itineraries for its upcoming luxury cruise ship, Queen Anne, debuting in 2024. From April 2024 to January 2025, over 190 voyages will be offered across the fleet, including maiden calls in 45 countries. Highlights include 62 maiden calls, six overnight stays, and a variety of itineraries in the Mediterranean and Norwegian Fjords. Cunard aims to redefine luxury cruising as they prepare to operate four ships simultaneously for the first time since 1999.
Xponential Fitness has launched a new promotion in collaboration with Princess Cruises, offering a unique Black Friday deal for XPASS subscribers. For every dollar spent on an XPASS membership, first-time users receive a matching credit for Princess Cruises, applicable to various global destinations. This offer celebrates 2 million minutes of booked class time and aims to enhance wellness and travel opportunities. The subscription options range from $49 to $199 monthly, providing flexibility and access to thousands of fitness classes across 2,200 studios in the U.S.
The newly refurbished Diamond Princess has launched its inaugural sailing from San Diego, enhancing tourism in the area. This milestone completes the Princess Cruises fleet. From November 2022 to February 2023, the ship offers various cruise itineraries from five to 16 days, covering the Mexican Riviera, California Coast, and Hawaiian Islands. Notably, a unique 20-day cruise to Central America departs on November 27. The ship features the MedallionClass Experience, ensuring a personalized cruising experience.
Cunard has partnered with the Royal Canadian Geographical Society (RCGS), announced at the RCGS annual dinner in Ottawa on November 16, 2022. This collaboration will feature RCGS experts on select 2023 voyages including the Queen Elizabeth in Alaska from June to August and the Queen Mary 2 from New York to Quebec in September. The partnership aims to enhance guest education about Canada's diverse landscapes and heritage, with a commitment to long-term collaboration in cultural understanding and enrichment programming.
Carnival Corporation has announced a private offering of $1 billion in 5.75% convertible senior notes due 2027 as part of its refinancing plan for 2024 maturities. The notes will pay interest semi-annually starting June 1, 2023, and are convertible into approximately 74.6714 shares of common stock per $1,000 note, with a conversion price of around $13.39. The company can redeem the notes for cash if stock prices exceed $17.41 from December 5, 2025. Proceeds will be used for debt repayment and general corporate purposes.
Carnival Corporation has initiated a private offering of $1 billion in convertible senior notes due 2027 to aid its refinancing strategy for 2024 maturities. These notes will be guaranteed by Carnival plc and specific subsidiaries, allowing conversion under certain conditions. The offering also includes an option for purchasers to buy an additional $150 million in notes. Proceeds will support debt principal payments and general corporate purposes, while the notes are only available to qualified institutional buyers under Rule 144A.
Carnival Corporation & plc announced the appointment of Sara Mathew as an independent director on November 14, 2022. Mathew, a former CEO of Dun & Bradstreet, brings extensive operational and financial expertise to the board and will also serve on the Audit Committees. Concurrently, Sir John Parker will step down from the boards effective after the 2023 Annual Meetings of Shareholders. This change reflects Carnival's focus on long-term growth, with the board now comprising twelve members, including ten independent directors.
Holland America Line has launched a new Refer a Friend program aimed at incentivizing loyal past guests to introduce new travelers to the brand. Under this initiative, new guests will receive a $50 Onboard Credit, while referrers in the Mariner Society loyalty program earn a $50 Future Cruise Credit upon successful bookings. The program is designed to attract first-time cruisers and reward existing customers for their recommendations. With a long-standing reputation in the cruise industry, Holland America Line aims to tap into an untapped market segment.
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