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 announced the successful completion of sea trials for its newest ship, Discovery Princess, marking a significant milestone in its preparation for service. The trials spanned five days in Italy, testing steering, navigation, and propulsion systems. The ship will embark on its inaugural cruise to the Mexican Riviera from Los Angeles on March 27, 2022. With a capacity of 3,660 guests, Discovery Princess features luxurious accommodations, new experiences, and Medallion Class technology, enhancing guest service and connectivity.
Carnival Corporation (CCL, CUK) has partnered with Jabil (JBL) to open a manufacturing facility for Experience IoT consumer wearables in Santo Domingo, Dominican Republic. This facility marks the first production site outside of Asia for the Princess Medallion, a device designed to enhance guest experiences on cruise ships.
With this partnership, Carnival aims to support Caribbean economic development while boosting production capacity. The Medallion enables touchless interactions and personalized services for cruise guests.
Jabil Inc. (NYSE: JBL) has partnered with Carnival Corporation (NYSE: CCL; NYSE: CUK) to manufacture and fulfill the Princess Medallion® in Bajos de Haina, Dominican Republic. This new facility will enhance just-in-time, direct-to-port fulfillment for the Princess Fleet. It features over 60,000 square feet of manufacturing space and employs over 600 workers, with more jobs expected in the next three years. The partnership aims to address logistics challenges and support the growing demand for experiential IoT wearables.
Carnival Corporation (NYSE/LSE: CCL; NYSE: CUK) reported a fourth quarter 2021 net loss of $2.6 billion, with adjusted net loss at $2.0 billion. Despite losses, the company holds $9.4 billion in liquidity and reported a 4% increase in revenue per passenger cruise day compared to 2019. Over 61% of capacity is currently operational, with expectations for full fleet operation by Spring 2022. Customer deposits rose by $360 million to $3.5 billion, marking consistent growth. Carnival’s sustainable practices and enhanced health protocols have been highlighted, with a CDP score improvement to B.
Princess Cruises has launched its Best. Sale. Ever, running from Dec. 15, 2021 to March 2, 2022. This promotion includes five perks valued at over $695 for 7-day cruises. Benefits include drinks, unlimited Wi-Fi, crew appreciation coverage, stateroom location upgrades, and specialty dining. The sale is applicable to all cruise and cruisetour bookings for destinations like the Caribbean, Alaska, and Europe. The initiative aims to encourage travelers to book their 2022/2023 vacations.
Holland America Line launches its 'Ultimate Upgrade Event' from Dec. 14, 2021 to Feb. 28, 2022, offering enticing promotions for summer 2022 to spring 2023 cruises. Guests booking by Jan. 20, 2022 can receive a free stateroom upgrade and up to $200 onboard credit. The promotion includes $75$799 for Caribbean and $849 for Alaska cruises, exclusive of taxes and fees.
Princess Cruises has officially named its latest ship, Enchanted Princess, during a ceremony featured in the original production Our World, Enchanted on YouTube. The event highlighted the ship's innovative features and was hosted by notable figures including President John Padgett. The ship, part of the Royal Class fleet, can accommodate 3,660 guests and began its inaugural cruise season on November 10, 2021, offering 10-day Southern Caribbean itineraries. Three distinguished women from The Explorers Club serve as its godmothers, honoring their contributions to oceanography.
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has announced a conference call scheduled for December 20, 2021, at 10 a.m. EST to provide a business update. This follows their ongoing efforts to navigate the challenges posed by the pandemic on their operations. Analysts and investors are encouraged to participate in this call for insights into the company's current performance and future outlook. A simulcast will be available on the company's official websites.
Seabourn has launched The Suite Life Event from December 9, 2021 to March 1, 2022, offering exceptional deals on select summer 2022 and winter/spring 2023 voyages. Guests can enjoy complimentary veranda suite upgrades, reduced deposits, and inclusive air travel on certain routes. Additional benefits include 50% reduced deposits and combined offers with other promotions. The event applies to various global destinations including the Caribbean, Alaska, and Europe, enhancing Seabourn’s appeal as a premium travel choice.
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