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 has opened reservations for its newest ship, Carnival Venezia, which will start year-round sailing from New York City on June 15, 2023. The ship will feature 22 unique itineraries visiting 25 ports in 14 countries, offering 10 different cruise durations. Starting September 29, 2023, it will operate alternating 8-12 day cruises to destinations like the Eastern and Southern Caribbean. In 2024, another new ship, Carnival Firenze, will join the fleet.
Princess Cruises has launched its Black Friday Sale from Nov. 22 to Nov. 30, offering 60 sailings under $60 per day and hundreds more under $100 per day per guest. Customers can secure bookings with a $1 deposit until Nov. 30, postponing the remaining balance for 90 days before travel. Destinations include Alaska, Caribbean, Panama Canal, and Europe. The offer is available to residents of the U.S., Canada, Puerto Rico, Mexico, and Bermuda.
Holland America Line announces a "Black Friday Offer" from Nov. 17 to Nov. 27, 2022. Customers booking select cruises will enjoy prepaid crew gratuities and discounts of up to 40% off cruise-only fares. This offer is combinable with the Have It All premium package, which includes amenities like shore excursions, a beverage package, specialty dining, and Wi-Fi. The crew appreciation applies to the first two guests in a stateroom and is valid for holiday 2022 sailings through open 2024 cruises, with several worldwide itineraries included.
Cunard, the luxury cruise line, announced a Black Friday/Cyber Monday promotion offering fares starting at $899 and onboard credits of up to $600 per stateroom. The promotion runs from November 17 to December 2, 2022, on select itineraries through January 2024. Notable voyages include a Transatlantic Crossing aboard Queen Mary 2, an Alaska cruise on Queen Elizabeth, and a journey through the Norwegian Fjords on Queen Victoria. Reduced deposits of 50% are also part of the offer.
Princess Cruises introduces 360: An Extraordinary Experience, an immersive, invitation-only event for suite guests aboard Discovery Princess and soon on Enchanted Princess. This multi-sensory journey showcases the Mediterranean through storytelling, gourmet cuisine, and stunning visuals, enhancing guest experience with a seven-course dinner and local ingredients. With two nightly seatings for just 20 guests in a cloaked venue, each session is a 90-minute celebration. Brooke Shields lends her voice to the experience, which is accessible to suite guests and select casino event participants.
Princess Cruises announces the introduction of SMiZE Cream, a super-premium ice cream brand created by Tyra Banks, available on all 15 MedallionClass ships starting mid-March.
Featuring unique flavors and an edible surprise in each cup, SMiZE Cream aims to enhance guests’ experiences at sea. Orders can be made via the innovative OceanNow delivery service. Tyra Banks expresses excitement over the collaboration, emphasizing the synergy in innovation and customer delight. Princess Cruises is a leading cruise line, part of Carnival Corporation (CCL, CUK), renowned for its extensive itineraries and premium experiences.
Carnival Corporation & plc (CCL, CUK) announced the resignation of Arnold Donald from its Boards after 21 years, effective November 30, 2022. Donald, who served as President and CEO until the transition to Josh Weinstein earlier this year, will continue to provide advisory support. Donald expressed pride in the company’s recovery post-pandemic, emphasizing the achievements made during his tenure. Micky Arison and Randy Weisenburger praised Donald’s leadership, highlighting his significant contributions to the cruise industry.
Carnival Corporation has successfully exchanged approximately $87 million of 5.75% Convertible Senior Notes due 2023 for equivalent 2024 Notes, maintaining the same coupon and avoiding shareholder dilution. The new notes will mature on October 1, 2024, and are fully guaranteed by Carnival plc and its subsidiaries, representing a strategic move to secure financing without additional costs. This transaction allows the company to provide stability in its financial obligations amid changing market conditions.
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