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 announced its 2023 Alaska cruises and cruisetours program, featuring six MedallionClass ships, including the Discovery Princess. The program includes 145 departures across 14 itineraries and five glacier viewing experiences. Key offerings include the top-rated Voyage of the Glaciers itinerary and a range of land tours at Princess-owned lodges. The company emphasizes its leadership in Alaska cruise offerings, with 84 calls to Glacier Bay National Park. Reservations will open on August 18, 2021.
Carnival Cruise Line announced the arrival of its newest ship, Mardi Gras, at Amber Cove, Dominican Republic, marking its second stop on its maiden voyage. The ship began its seven-day cruise from Port Canaveral on July 31, 2021. The event included a ceremonial plaque exchange with local officials, highlighting the ship's significance in boosting local tourism. Mardi Gras is notable for being the first cruise ship in the Americas powered by eco-friendly Liquefied Natural Gas (LNG) and features the first roller coaster at sea.
On August 3, 2021, Carnival Cruise Line's newest ship, Mardi Gras, made its first port of call in San Juan, Puerto Rico, during its maiden voyage, marking the first cruise ship visit to the island in 16 months. The cruise, which departed on July 31, is designed to boost the local economy, according to President Christine Duffy. Mardi Gras is the first LNG-powered cruise ship in the Americas, featuring unique attractions like the BOLT roller coaster and various dining options. The ship will offer year-round seven-day Caribbean itineraries from Port Canaveral.
Princess Cruises' Majestic Princess has successfully returned from its inaugural sailing to Alaska, marking a significant milestone as the first U.S. cruise following COVID-19 operational pauses. The 7-day trip included stops at Juneau, Skagway, and Ketchikan, enhancing guest experiences with unique Alaska-themed activities. Moving forward, Princess will resume cruises from Los Angeles, San Francisco, and Ft. Lauderdale from September through November 2021. Health protocols are in place, including vaccination requirements for guests and crew.
Carnival Corporation (NYSE/LSE: CCL; NYSE: CUK) announced the successful closure of a private offering totaling $2.405 billion in 4.000% First-Priority Senior Secured Notes due 2028. The proceeds will fund a tender offer for $2.004 billion of existing 11.500% Notes due 2023, facilitating annual interest savings of $135 million. The offering met Carnival's financing conditions and targeted qualified institutional buyers. These transactions are subject to the Securities Act regulations.
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has priced its private offering of $2,405.5 million in first-priority senior secured notes due 2028, with an interest rate of 4.000%. The offering is expected to close on July 26, 2021. Proceeds will be used to fund a tender offer for up to $2,004,000,000 of its 11.500% notes due 2023, resulting in $135 million annual interest savings. The notes are secured by first-priority liens and guaranteed by Carnival plc and subsidiaries. This offering is not registered under U.S. securities laws.
Princess Cruises announced the upcoming debut of its newest ship, Discovery Princess, set to launch in spring 2022 from the Port of Los Angeles. The ship will accommodate 3,660 guests and features the MedallionClass experience, various dining options, and state-of-the-art amenities. Led by Captains Gennaro Arma and John Smith, along with a skilled executive team, Discovery Princess promises exceptional service and an opportunity for guests to explore new destinations. The company aims to enhance safety protocols amid ongoing COVID-19 concerns.
Carnival Corporation (NYSE: CCL; CUK) announced plans to resume cruise operations with 65% fleet capacity by the end of 2021 across eight brands. By year-end, the total capacity is expected to reach nearly 75% with 63 ships operational. The brands include Carnival Cruise Line, Princess Cruises, and others, with operations expanding in North America, Caribbean, Europe, and Asia. Enhanced health protocols are in place to ensure safety. However, forward-looking statements indicate risks and uncertainties regarding performance and operations.
Carnival Corporation has reported the successful early results of its tender offer to purchase up to $2.0 billion of its 11.5% First Priority Senior Secured Notes. With consent from 85.19% of note holders, $2.4 billion worth of notes have been tendered, surpassing the target amount. The tender offer remains conditional on financing, and cash payments to holders who provided consent are expected upon satisfaction of conditions. The transaction aims to enhance financial flexibility amid ongoing market challenges.
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