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.
Holland America Line has launched a new partnership with the Alaska Seafood Marketing Institute, debuting three new dishes created by Chef Ethan Stowell. This collaboration aims to enhance the offering of sustainably sourced Alaska seafood across all six ships in Alaska. Key statistics include over 5,000 pounds of Alaska seafood served per cruise, with specific amounts for salmon, cod, and halibut detailed. The initiative aligns with Holland America's commitment to sustainability and local partnerships, promising an immersive culinary experience for guests.
Holland America Line reports a significant surge in bookings for Alaska cruises, reaching levels not seen since before the pandemic. With the July 4 holiday approaching, AAA Washington designates Seattle as the top summer destination for residents. Travel inquiries indicate a tripling of travel bookings by various modes, including cruises, compared to 2021. The company's local marketing efforts around homeports have positively impacted demand. Holland America Line operates six ships to Alaska, offering convenient departures from Seattle and Vancouver.
Seabourn has officially taken delivery of its first ultra-luxury expedition ship, Seabourn Venture, during a ceremony in Genoa, Italy on June 29, 2022. This ship, designed for diverse environments and certified for polar routes, enhances the company's offerings in luxury expedition travel. President Josh Leibowitz emphasized the ship's unique design and capabilities, which include a dedicated expedition team and modern amenities. Seabourn Venture features 132 oceanfront veranda suites and aims to provide unparalleled experiences in remote destinations, including the Arctic and Antarctica.
Princess Cruises announces a promotional offer to enhance vacation planning with a $1 deposit available from June 30 to July 5, 2022. This allows guests to secure cruises without full payment until 90 days prior. Additionally, the cruise line offers significant discounts of up to 40% on 2022 voyages and 25% on 2023 cruises. Selected cruise fares start at $419 for various destinations, appealing to travelers looking for affordable vacation options.
Carnival Corporation (NYSE: CCL; NYSE: CUK) reported a second quarter 2022 net loss of $1.8 billion, yet saw robust operational improvements with cash from operations turning positive. Revenue surged nearly 50% from Q1 2022, propelled by occupancy rising to 69% and customer deposits increasing by $1.4 billion, totaling $5.1 billion. The company anticipates continued recovery with over 90% of its fleet operational. Upcoming leadership changes include Josh Weinstein becoming President and CEO. Despite ongoing industry challenges, booking volumes nearly doubled and are expected to exceed 2019 levels in the latter half of 2022.
Princess Cruises has been officially certified by the Italian Chamber of Commerce for its gelato shops aboard Discovery Princess, Enchanted Princess, and Sky Princess. This makes them the first to provide an authentic Italian gelato experience outside Italy. The designation ensures high-quality standards in the gelato-making process, using Italian-certified ingredients. Fresh gelato is handcrafted daily, with flavors including vanilla, chocolate, and more. The certification emphasizes Princess Cruises' commitment to delivering authentic Italian culture and culinary excellence to its guests.
Carnival Corporation & plc (NYSE: CCL; NYSE: CUK) will hold a conference call on June 24, 2022, at 10 a.m. (EDT) to discuss a business update. The call will be available via streaming on the company's official websites: carnivalcorp.com and carnivalplc.com.
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