Carnival PLC - CUK STOCK NEWS

Carnival Corporation (NYSE: CCL; NYSE: CUK) announced leadership changes, appointing Sture Myrmell as president of Carnival UK, effective October 18, 2021. Myrmell, with over 20 years at Carnival, will oversee the Cunard and P&O Cruises UK brands and temporarily lead Cunard during recruitment for a new president. Marguerite Fitzgerald, previously with the Boston Consulting Group, will succeed Myrmell as president of P&O Cruises Australia and Carnival Australia starting January 10, 2022. These appointments aim to strengthen operations in key markets.

Princess Cruises announced the departure of the Grand Princess from the Port of Los Angeles, marking the cruise line's first vacation voyage since the operational pause began in March 2020. The President of Princess Cruises, Jan Swartz, participated in a ribbon-cutting ceremony at the port, emphasizing the return to service in their hometown. The Grand Princess is set to embark on a 5-Day Cabo San Lucas Getaway, part of 11 sailings planned for 2021. Each cruise ship visit generates over $1 million in local economic activity, highlighting the importance of this resumption.

Carnival Corporation & plc reported a net loss of $2.8 billion for Q3 2021, with an adjusted net loss of $2.0 billion. The company ended the quarter with $7.8 billion in liquidity and indicated that its voyages were cash flow positive. As of August 31, 2021, eight of its nine brands resumed operations. While booking volumes were higher than Q1 2021, they fell short of Q2 2021 due to the COVID-19 Delta variant. Customer deposits rose by $630 million, and the company is focused on debt management and sustainability efforts aimed at reducing future interest expenses and enhancing its environmental footprint.

Carnival Corporation (CCL, CUK) aims to resume over 50% of its fleet capacity by the end of October, a key milestone toward achieving nearly 65% capacity by year-end. Eight of its nine cruise brands have restarted operations with 42 ships globally. Enhanced health protocols ensure safety while maintaining high guest satisfaction. North American brands plan to have 13 to 17 ships operating by year-end, while European brands will operate a total of 23 ships. The company emphasizes adherence to health regulations and aims to generate positive economic activity.

Carnival Cruise Line has resumed guest operations for Carnival Dream and Carnival Glory as of September 19, bringing the total to 11 ships operational, representing half of its U.S. fleet. This marks a significant milestone since the restart began on July 3. The line is operating from seven U.S. homeports, enhancing economic activity in key destinations. Notably, Carnival Glory is the first to sail from New Orleans, while Carnival Dream departs from Galveston. Additional ships are set to resume service through fall and early 2022.

Carnival Glory has set sail from New Orleans for a seven-day cruise, marking the first cruise from the city since March 2020. This voyage, featuring stops in Bimini, Freeport, and Nassau, celebrates Carnival's long-standing connection to New Orleans, where it has been operating for over 25 years. Carnival aims to carry 400,000 passengers annually from this port. Carnival Valor is expected to join Carnival Glory on Nov. 1, resuming short cruises to Mexico. The cruise line emphasizes its commitment to safety protocols exceeding CDC recommendations.

Carnival Corporation & plc has announced a conference call for analysts on September 24, 2021, at 10 a.m. (EDT), to discuss a business update. The call will also be available via their official websites.

Carnival Cruise Line has resumed operations as the first cruise line to set sail from the Port of Baltimore since the pandemic. The Carnival Pride embarked on a seven-day journey to the Bahamas, marking a significant milestone for both the cruise line and the local economy. During the celebratory event, Carnival's president highlighted the importance of returning to this key market. The cruise line plans to introduce Carnival Legend in November to replace Carnival Pride. Carnival operates numerous cruises from Baltimore, maintaining high operational health standards.