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.
Seabourn has announced the cancellation of select 2021 voyages for the Seabourn Odyssey and Seabourn Quest as part of a strategy for resuming operations post-pandemic. Cancellations for the Odyssey span from January 16 to November 5, while the Quest sees cancellations for voyages over 7 days from July 22 to November 6. Guests affected will receive 125% Future Cruise Credits or can opt for a full refund. This decision aligns with CDC guidelines for U.S. port call sailings.
Holland America Line is extending its cruise pause for all operations through March 31, 2021, in compliance with CDC guidelines. Longer voyages and cruises to U.S. ports are canceled until November 1, 2021. Guests will receive Future Cruise Credits of up to 125% of their fare for canceled bookings. They have the option for full refunds by December 31, 2020. New cruise schedules will be established for 2022 with added benefits such as $150 shipboard credits. Holland America is preparing its fleet to meet safety protocols for future sailings.
Princess Cruises announced an extension of its global operations pause due to the CDC's Conditional Sailing Order, affecting all cruises until March 31, 2021, and longer itineraries from U.S. ports until November 1, 2021. International cruises from Japan are also paused until June 25, 2021. Customers can receive a 100% refundable Future Cruise Credit plus an additional 25% non-refundable bonus or request a full refund by December 31, 2020. The cruise line aims to meet health and safety requirements for eventual service resumption.
Carnival Corporation (CCL, CUK) announced the closing of a registered direct offering of 49.2 million shares at $18.05 each, primarily to holders of its 5.75% Convertible Senior Notes. The $427.9 million from this offering will be used to repurchase a portion of the Convertible Notes. An additional 8.2 million shares are expected to close on November 20, 2020, with proceeds aimed at repurchasing $71.5 million of the Convertible Notes. Following these transactions, $627.5 million in Convertible Notes will remain outstanding.
Seabourn has unveiled details about The Club aboard its upcoming ultra-luxury expedition vessels, Seabourn Venture and a sister ship launching in 2021 and 2022. Renowned designer Adam D. Tihany is crafting an inviting space with expansive windows for scenic views, a dedicated sushi experience, and a Sky Bar. The Club, located on Deck 9, offers immersive design inspired by adventure, with features like a water-vapor fireplace and live performance stage. Bookings are open for travel starting Winter 2022, focusing on Norway's Northern Lights.
Carnival Corporation (NYSE: CCL; NYSE: CUK) has priced a registered direct offering of 10.4 million shares at $17.59 each, intended to fund the repurchase of $90.8 million in Convertible Senior Notes due 2023. Following the transactions, $536.7 million of the Convertible Notes will remain outstanding. The offering is set to close on November 23, 2020, with no material impact on cash position. Goldman Sachs & Co. LLC is the exclusive placement agent.
Carnival Cruise Line has announced the cancellation of additional cruises for early 2021, including all U.S. embarkations from January 1-31, and various other ports through February 28. Operations in the U.S. will be paused until January 31, 2021, as part of their phased approach to resume services following CDC guidelines. Sixteen ships are currently preparing for a return to operations, including the upcoming Mardi Gras. Carnival is committed to adhering to CDC protocols to ensure guest safety and appreciates the support from guests and partners.
Carnival Corporation (NYSE: CCL; NYSE: CUK) announced a registered direct offering of 57,426,860 shares at $18.05 each, targeting holders of its 5.75% Convertible Senior Notes due 2023. The proceeds, totaling $499,364,000, will fund the repurchase of Convertible Notes in privately negotiated transactions. The offering closes on November 19, 2020, with the Notes' repurchase expected shortly thereafter. Post-transaction, $627,547,000 in Convertible Notes will remain outstanding. Goldman Sachs acts as the placement agent, while PJT Partners serves as an independent advisor.
Cunard has launched its 2022 voyage schedule featuring the Queen Mary 2, Queen Victoria, and Queen Elizabeth, covering over 35 countries with 162 itineraries. Key highlights include the Queen Elizabeth's return to Alaska with voyages starting at $1599 per person, along with exciting transatlantic crossings on Queen Mary 2. Cunard is experiencing high demand for 2021 bookings, and anticipates robust interest for 2022 voyages, supported by early booking offers.
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