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 appointed Captain Werner Timmers as the master of the new Rotterdam, set for delivery in July 2021. Timmers, whose experience spans nearly 40 years with the cruise line, will oversee sea trials and final construction at the Fincantieri shipyard in Italy. The new ship will accommodate 2,668 guests and features numerous amenities, including a 270-degree surround screen World Stage. The Rotterdam will embark on its premiere voyage on Aug. 1, 2021, during its inaugural season in northern Europe.
Carnival Cruise Line and PortMiami recently held a groundbreaking ceremony for a new 471,000-square-foot Terminal F, which will serve as the homeport for Carnival Celebration, debuting in 2022. This terminal marks Carnival's third facility at PortMiami, reinforcing the company’s long-standing partnership with the city. Mayor Daniella Levine Cava commended the growth at PortMiami, while Carnival President Christine Duffy highlighted the terminal’s design aimed at enhancing embarkation efficiency. Carnival Celebration will feature cutting-edge innovations, including a roller coaster and LNG propulsion, as part of their green initiatives.
Holland America Line is celebrating Valentine's Day by offering a special promotion from Jan. 29 to Feb. 14, 2021. Customers who purchase a gift card can receive up to a 10% bonus added value. For instance, purchasing a $500 gift card yields a $50 bonus, totaling $550. This offer extends to various gift card amounts, providing a great incentive for cruise planning. Gift cards can be utilized for any cruise booking in US dollars and are applicable towards onboard expenses, enhancing overall cruise value.
Holland America Line has launched its Grand Voyages for 2022 and 2023, featuring extended cruises up to 127 days across six continents. Guests booking full voyages can receive an Early Booking Bonus of up to $6,730 per person. Highlights include the 2022 Grand Africa Voyage departing October 10, 2022, and the 2023 Grand World Voyage commencing January 3, 2023, showcasing multiple ports and immersive experiences. The company emphasizes destination immersion, with unique itineraries and onboard activities designed to enhance guest experience.
Carnival Cruise Line announced revised ship deployment plans, affecting several cruise schedules. Key changes include the delayed return of Carnival Magic, Paradise, and Valor until November 2021, resulting in the cancellation of various voyages. The Carnival Miracle's service from San Diego is suspended, but some Hawaii sailings will shift to Long Beach. Additionally, Carnival Radiance's transformation has been rescheduled to September. The changes aim to provide more operational stability amid ongoing adjustments due to the global situation.
Carnival Cruise Line has announced further cruise cancellations, extending its U.S. departure pause until April 30, 2021, and halting Australian operations through May 19, 2021. European sailings for Carnival Legend are cancelled from May to October 31, 2021, while the Mardi Gras cruise from Port Canaveral is now scheduled to commence on May 29, 2021. Guests will receive notifications regarding cancellation options, including future cruise credits and full refunds. President Christine Duffy highlighted ongoing booking demand despite the delays.
Princess Cruises announced the sale of the Pacific Princess to an undisclosed buyer, aligning with parent company Carnival Corporation's strategy to enhance operational efficiency by removing less effective ships from its fleet. The Pacific Princess, which joined in 2002 and served over 1.6 million nautical miles, held sentimental value for many guests. Princess Cruises assures guests with existing bookings will receive alternatives or refunds. This decision reflects the ongoing adjustments within the cruise industry as demand evolves.
Holland America Line has launched bookings for its 2022 Europe season featuring two Pinnacle Class ships. Running from April to October, the itineraries range from seven to 21 days, covering various European destinations. Notably, the 150th Anniversary transatlantic crossing of Rotterdam VII is set for October 15, 2022. The season includes 14 overnight port calls in cities such as Dublin, Istanbul, and New York City, and 18 evening departure cities. Unique itineraries feature Mediterranean and Northern Europe voyages. Bookings made by February 28, 2021, offer up to $2,300 in amenities.
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