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 an extension of its operational pause for cruises departing from Australia and New Zealand until May 31, 2021 due to ongoing international travel restrictions. Guests impacted by these cancellations will receive a refundable Future Cruise Credit (FCC) worth 100% of their cruise fare, plus an additional non-refundable 25% FCC. Alternatively, guests can opt for a full refund by November 30, 2020. The company will also protect commissions for travel advisors on fully paid bookings that are cancelled. More details are available online.
Costa Cruises announced its 2021-2022 season in South America, introducing the new flagship Costa Toscana, set to debut in Brazil with an inaugural cruise on December 26, 2021. The ship boasts over 180,000 gross tons and 2,600 staterooms, promising high-end amenities and experiences. Additionally, Costa Favolosa will extend its season to nearly five months, starting on November 20, 2021. Both ships will offer various itineraries, including cruises that encompass popular destinations in Brazil and Italy, enhancing Costa's longstanding presence in the region.
Costa Cruises, part of Carnival Corporation (NYSE: CCL; NYSE: CUK), announced a significant milestone with the successful LNG bunkering of its ship, Costa Smeralda, on October 25 in La Spezia, Italy. This marks the first LNG operation in Italy, enhancing the company's commitment to sustainability. The operation was supported by local authorities and Shell, underscoring Carnival's leadership in LNG technology. With this successful operation, Costa Smeralda becomes part of a growing fleet utilizing cleaner energy. The company aims to reduce air emissions significantly through advanced LNG technology.
AIDA Cruises, a brand under Carnival Corporation (NYSE: CCL; NYSE: CUK), is set to resume cruise operations in Italy starting October 17, 2020. This marks a significant step as AIDA follows the earlier resumption by Costa Cruises. Initial voyages will target Sicilian destinations and will continue weekly until November 28. Both brands have implemented enhanced health protocols in partnership with health authorities, including COVID-19 testing and health checks for all guests and crew. Roger Frizzell, Carnival's chief communications officer, emphasized a commitment to public health and safety.
Seabourn has announced the sale of revised itineraries for its inaugural winter season of the ultra-luxury expedition ship Seabourn Venture from December 2021 to April 2022. These voyages will feature 10- to 14-day cruises along Norway's coast, offering guests unique opportunities to explore winter landscapes, Viking history, and the Northern Lights. Key features include inclusive outdoor activities, complimentary jackets from Helly Hansen, and custom-built submarines for ocean exploration. Inaugural sailings, starting December 11, 2021, have already sold out.
Carnival Corporation (NYSE: CCL; NYSE: CUK) updated its previous announcement regarding a cybersecurity incident. On August 15, 2020, unauthorized third-party access was detected in its IT systems. Affected brands include Carnival Cruise Line, Holland America Line, and Seabourn. Following the incident, Carnival engaged a cybersecurity firm for investigation and notified law enforcement. Personal information of some guests, employees, and crew may have been compromised, but evidence indicates a low likelihood of misuse. Notifications will be sent to those impacted within 30 to 60 days with offers for credit monitoring.
Carnival Cruise Line has announced the cancellation of all remaining cruises from PortMiami and Port Canaveral for November 2020. This follows the CDC's extension of the no-sail order until October 31, rendering November operations infeasible. Additionally, five cruises from Sydney, Australia, scheduled between January 16 and February 8, 2021, have also been cancelled. Guests will receive a combination of future cruise credit and onboard credit, or a full refund for their bookings. December cruises are still scheduled but can be cancelled voluntarily by guests.
P&O Cruises officially welcomed its newest ship, Iona, in a ceremony at Meyer Werft in Germany. At 185,000 tonnes and 345 meters long, Iona is the largest cruise ship for the UK market, powered by liquefied natural gas (LNG). The ship is anticipated to offer a new level of guest experience with features like the SkyDome, multiple specialty restaurants, and entertainment venues. Although operations are currently paused until early 2021, the cruise line looks forward to welcoming guests to various destinations in Northern Europe and beyond.
Carnival Corporation & plc announced a phased resumption of guest operations, starting with Costa and AIDA brands after a suspension due to COVID-19. The company has accelerated the sale of less efficient ships, aiming to optimize its fleet while managing costs. Enhanced health protocols are in place to ensure guest safety. Despite the CDC's No Sail Order extension, Carnival remains hopeful for a U.S. cruise restart. Recent bookings for 2021 show strong potential, with new bookings rising. As of September 2020, Carnival had over $8 billion in cash, but anticipates net losses for the upcoming quarter.
Carnival Cruise Line has announced that reservations are now open for its new ship, Carnival Celebration, set to debut in November 2022 as part of the company's 50th birthday celebrations. The ship will commence its inaugural 14-day transatlantic cruise from Southampton on Nov. 6, 2022, arriving in Miami on Nov. 20. Following this, year-round Caribbean sailings will start from PortMiami on Nov. 27, 2022, with itineraries featuring popular destinations. The ship boasts unique features similar to Mardi Gras, including the first roller coaster at sea.
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