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.
Princess Cruises has introduced a new Culinary Collection of Holiday Menus for the 2022 holiday season, featuring gourmet dining options including a Thanksgiving feast with five entrees. Guests will experience festive decorations, special activities, and a four-course Thanksgiving menu that includes traditional turkey, vegetarian options, and various seafood dishes. The celebratory dining aims to enhance the holiday experience for travelers sailing from November 24, 2022. Culinary Arts head, Rudi Sodamin, emphasizes the nostalgia and excitement of holiday meals in the new offerings.
Carnival Corporation & plc announced a successful upsizing of its private offering, pricing $2.03 billion of 10.375% Senior Priority Notes due 2028. The initial offering was increased from $1.25 billion due to strong demand. Proceeds will be used to repay revolving credit facility amounts. The Notes will pay interest semi-annually starting May 1, 2023, and are callable from May 1, 2025. The offering is expected to close on October 25, 2022.
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced the commencement of a private offering of $1.25 billion Senior Priority Notes due 2028. These notes will be guaranteed by Carnival Corporation and its subsidiaries, with 12 unencumbered vessels contributed to the Issuer. Proceeds from the offering will be used for debt principal payments and corporate purposes. The offering targets qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S, without registration under the Securities Act.
Holland America Line will host the Alaska Cruise and Travel Show on November 5, 2022, in Phoenix, Arizona. This free event showcases Alaska's attractions, allowing attendees to engage in activities like gold panning and axe throwing. Guests can win one of seven Alaska cruises and enjoy promotional offers including up to $350 spending credit for cruise bookings made at the show. The brand aims to leverage its 75 years of Alaska exploration expertise to connect with local travelers.
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