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.
Carnival Corporation & plc (NYSE: CCL; CUK) announced the closing of a private offering totaling $775 million in 10.500% Second-Priority Senior Secured Notes and €425 million in 10.125% Second-Priority Senior Notes, both due in 2026. These proceeds will support general corporate purposes. The offering was limited to qualified institutional buyers and non-U.S. investors. Carnival emphasizes that this release does not constitute a sales offer for securities.
Carnival Corporation & plc announced the pricing of private offerings totaling $775 million in USD Notes and €425 million in Euro Notes, both due in 2026. The USD Notes carry a 10.500% interest rate, while the Euro Notes are set at 10.125%. Interest payments will be made semi-annually, starting February 1, 2021. The notes will be secured by a second-priority lien on various assets, including vessels and intellectual property. Net proceeds will be used for general corporate purposes, with offerings closing on July 20, 2020.
Carnival Corporation & plc (NYSE: CCL; NYSE: CUK) provided a business update for Q2 2020, highlighting the impact of COVID-19 on cruise operations. The company plans to resume cruises in phases, starting with AIDA from Germany in August 2020, incorporating enhanced health measures. It anticipates a 9% reduction in fleet capacity due to the disposal of 13 ships and deferrals in new ship deliveries. The CEO noted cost reductions of $7 billion and secured over $10 billion in liquidity. Ongoing cash burn is estimated at $650 million monthly, with bookings for 2021 showing signs of demand.
AIDA Cruises, part of Carnival Corporation (NYSE: CCL; NYSE: CUK), announces the resumption of sailing operations starting August 2020. After a halt since mid-March due to COVID-19, three ships will restart: AIDAperla on August 5, AIDAmar on August 12, and AIDAblu on August 16. Bookings commence July 9. Enhanced health protocols, including temperature checks and digital health questionnaires, have been developed in collaboration with health authorities to ensure a safe cruising experience.
Seabourn, the ultra-luxury cruise line, has been named "#1 Midsize-Ship Ocean Cruise Line for 2020" by readers of Travel + Leisure. This award highlights Seabourn's commitment to providing exceptional travel experiences through personalized service and carefully crafted itineraries. The cruise line, which operates five intimate ships accommodating 458 to 600 guests, emphasizes fine dining, premium beverages, and distinctive onboard programs. Seabourn also partners with UNESCO to promote sustainable tourism at World Heritage sites worldwide.
Carnival Cruise Line has announced changes to the delivery schedule for its new ship Mardi Gras and the Carnival Radiance due to COVID-19. Mardi Gras will begin service on Feb. 6, 2021, with some itineraries canceled from Nov. 14, 2020 to Jan. 30, 2021. The Carnival Radiance is undergoing delays in its $200 million refurbishment. Consequently, Carnival Breeze will take over some itineraries, leading to 18 canceled sailings from Fort Lauderdale. Carnival Magic's European voyages from Mar. 13 to May 3, 2021 are also canceled.
The World Travel & Tourism Council (WTTC) and Carnival Corporation will host the Global Science Summit on COVID-19 on July 23, 2020. This virtual event will run from 14:00 to 17:30 GMT (10 a.m. to 1:30 p.m. EDT) and aims to share the latest insights and best practices regarding COVID-19.
Global leaders, scientists, and health experts will participate, discussing various aspects of the pandemic, including epidemiology, transmission, and risk mitigation strategies.
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has announced a conference call scheduled for July 10, 2020, at 10 a.m. EDT to discuss a business update. Investors can access the call through the company's websites at carnivalcorp.com and carnivalplc.com. This call aims to provide insights into the company's financial position and operations amidst ongoing challenges.
Carnival Corporation & plc has announced pricing for its first-priority senior secured term loan facility, totaling $1,860 million in the U.S. dollar tranche and €800 million in the euro tranche, with a five-year maturity. The loans will be issued at 96% of their face value and bear an interest rate of 7.500% plus LIBOR or EURIBOR. The company plans to use the proceeds for general corporate purposes, including repaying near-term debt. The loan facility is expected to close on June 30, 2020.
Seabourn has announced the appointment of Josh Leibowitz as president, effective immediately. Reporting to Stein Kruse, CEO of Holland America Group and Carnival UK, Leibowitz will oversee operations including revenue management and marketing. Kruse expressed excitement about Leibowitz’s leadership to strengthen Seabourn's market position amid industry challenges. Leibowitz, previously chief strategy officer at Carnival Corporation, aims to develop plans to resume operations and enhance guest experiences. Seabourn operates five ultra-luxury ships, renowned for exceptional service and exclusive travel experiences.
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