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 Corporation reported a third quarter 2022 net loss of $770 million and an adjusted net loss of $688 million. Despite this, the company achieved an adjusted EBITDA exceeding $300 million, marking its first positive quarter since returning to operations. Revenue surged by nearly 80% compared to the previous quarter, and occupancy rose 15 percentage points. Booking volumes significantly outpaced 2019 levels following relaxed protocols. The company ended the quarter with $7.4 billion in liquidity, bolstered by a $1.15 billion equity offering.
Cunard has announced a performance of The Best Exotic Marigold Hotel aboard the Queen Mary 2 from December 15-22, 2022. This production features stars like Hayley Mills, Paul Nicholas, and Rula Lenska and includes three performances in the ship's Royal Court Theatre. The show is based on the best-selling novel and explores the adventures of British retirees in India. Cunard has been an operator of luxury cruises since 1840 and is known for delivering exceptional onboard experiences.
Carnival Cruise Line has announced actress Cassidy Gifford as the godmother of its newest ship, Carnival Celebration, during a ceremony on November 20, 2022, in Miami. Cassidy, daughter of former godmother Kathie Lee Gifford, expressed pride in continuing the family tradition. Carnival Celebration marks the end of the company's 50th birthday festivities and will feature six themed zones and a BOLT roller coaster. Carnival continues to expand its fleet, welcoming five new ships from 2022 to 2024.
Holland America Line, part of Carnival Corporation (NYSE: CCL), has successfully implemented the SYNKROS casino management system across all 11 ships in its fleet. This upgrade introduces cashless wagering and improved access to player information, enhancing the gaming experience for guests. The system allows for on-demand slot tournaments and promotions. Konami Gaming, which developed SYNKROS, was chosen as the official gaming enterprise management system for Carnival's brands in 2018, and its installation across over 90 ships is ongoing.
Holland America Line celebrates the lifting of Canadian pandemic border restrictions, which simplifies travel for Alaska and Canada cruises. As of late September, no vaccination or COVID-19 testing is needed for entry to Canada. This shift is expected to boost interest in booking 2023 cruises. The company has introduced a Health Protocols Tool for guests to easily check requirements. In 2023, six ships will explore Alaska, and itineraries will also showcase Canada/New England. The cruise line emphasizes its long-standing expertise in Alaska travel.
Princess Cruises announces its readiness to welcome all guests following Transport Canada's removal of COVID-19 entry requirements. This decision impacts cruises visiting, departing, or arriving from Canadian ports, including popular Alaska and Canada/New England itineraries. John Padgett, President of Princess Cruises, expressed optimism about the reopening for travelers who have been waiting for three years. The company is notifying guests and travel advisors about these developments and is prepared for increased bookings in 2023, showcasing its status as a leader in the cruise industry.
Carnival Corporation & plc (CCL, CUK) has scheduled a conference call on September 30, 2022, at 10 a.m. EDT to discuss a business update for the third quarter of 2022. This call will be accessible via their official websites: carnivalcorp.com and carnivalplc.com.
FUJI Sports and Princess Cruises have announced a partnership to create the first Princess and FUJI Adventures Cruise, taking place from January 7-14, 2023. This unique cruise will feature seminars and events led by martial arts experts, alongside networking opportunities and culinary demonstrations. The voyage departs from Fort Lauderdale and includes stops at popular Caribbean destinations. This initiative aims to engage the global martial arts community, enhancing the cruise experience with exclusive events and activities.
The Sixth Annual Samuel Cunard Prize for Vision, Courage and Creativity was awarded to Scott Armour McCrea on September 16 during the gala event at the International Congress of Maritime Museums in Halifax, Nova Scotia. McCrea's recognition celebrates his transformative project, Queen's Marque, an urban district in downtown Halifax featuring luxury residences and public spaces. The award highlights McCrea's achievements in real estate, furthering economic growth and community development in his hometown, which reflects the qualities of the prize's namesake, Sir Samuel Cunard.
Holland America Line conducted the cruise industry's first multiweek biofuel test on its ship Volendam at Port of Rotterdam, in partnership with GoodFuels and Wärtsilä. The trial, lasting 20 days, showed a significant 78% reduction in lifecycle CO2 emissions during the final 15 days using 100% biofuel compared to marine gas oil. This test aligns with Carnival Corporation's sustainability goals, aiming for a 40% reduction in carbon emissions by 2030 and net carbon neutral operations by 2050. The promising results may bolster investor confidence in the company’s commitment to sustainable practices.
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