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Carnival PLC - CUK STOCK NEWS

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.

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Seabourn has launched 'Seabourn Journeys' for the 2024 Grand Africa Voyage, offering pre-, mid-, and post-cruise land experiences. These packages provide deeper exploration of Africa's destinations, including safaris, luxurious stays, and wine tasting events. Highlights include a 4-day La Residence Wine Experience in Franschhoek, a 7-day Ultimate Botswana Experience with stays at exclusive game reserves, and several other unique journeys in South Africa and Namibia. Available for guests sailing the 90-day Grand Africa Voyage departing November 30, 2024, from Barcelona, shorter segments are also offered, allowing flexible travel options.

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Princess Cruises announced the inaugural season of the Emerald Princess at Flynn Cruiseport Boston, starting July 14, 2024. With a capacity of 3,080 guests, the Emerald Princess will offer 10 Canada and New England voyages, including a unique 17-day cruise to Greenland. The season runs until October 7, 2024, featuring seven to 17-day cruises with stops in Halifax, Sydney, Charlottetown, and other scenic locations. The introduction of the Emerald Princess is expected to bring significant economic benefits to local businesses in Boston, with an influx of up to 30,000 cruisers. The ship offers premium experiences with well-appointed staterooms, world-class dining, and award-winning entertainment.

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Holland America Line will debut 15 new production shows on their 2025 'Grand World Voyage' and 'Grand Voyage: Pole to Pole.' These shows, developed by Blackburn International, will feature eight singers and dancers performing tributes to artists like Carole King and Fleetwood Mac. The cruises will also include guest chefs, cooking demonstrations, and diverse onboard entertainment. The 'Grand World Voyage' departs January 4, 2025, for 124 days, visiting 49 ports in 30 countries, while the 'Grand Voyage: Pole to Pole' leaves January 25, 2025, for 133 days, visiting 69 ports in 26 countries. The ships will meet in Barcelona on April 24, 2025. Fares for the full voyages start at $27,354 and $31,199, respectively, with early booking bonuses available.

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Princess Cruises has announced a new partnership with 13-time World Pizza Champion Chef Tony Gemignani. Gemignani has created five unique pizzas featuring premium ingredients such as Soppressata sausage and hot honey. These pizzas will debut at Alfredo's on the new Sun Princess and will be available fleet-wide by summer. To celebrate, Princess Cruises will attempt to set a GUINNESS WORLD RECORDS title for the Largest Pizza Party on July 12. Chef Gemignani is renowned for his artisan pizzas and has trained Princess chefs to replicate his creations onboard. This collaboration adds to Princess Cruises' extensive list of celebrity culinary partnerships.

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On June 29, 2024, Seabourn named its new ultra-luxury expedition ship, Seabourn Pursuit, in a historic ceremony at Ngula Jar Island, Australia. This event marked the first time the Wunambal Gaambera Traditional Owners named a ship, symbolizing a unique partnership between Seabourn and the Aboriginal community.

The ceremony included cultural events such as a 'jimɨrri' smoking ceremony, traditional dance, and visits to ancient rock art sites. Seabourn President Natalya Leahy emphasized the company's commitment to sustainable tourism. In addition to the naming festivities, Seabourn announced donations to support local art and craft initiatives, highlighting a long-term relationship with the Wunambal Gaambera people.

The Seabourn Pursuit is built to PC6 Polar Class standards and features advanced technology and luxurious amenities. The ship is designed for diverse environments, enhancing the guest experience with nearly 270-degree views and a 4K Cineflex Camera for high-quality broadcasts.

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Princess Cruises has launched a new restaurant, Love by Britto, onboard the Sun Princess. This exclusive venue is a collaborative project between renowned artist Romero Britto and culinary expert Rudi Sodamin. The restaurant offers a seven-course, prix fixe menu with unique presentations like heart-shaped dishes and vibrant dinnerware featuring Britto's art. Located on deck 17 aft, it accommodates 68 guests, providing an intimate setting with bold and colorful decor. The dining experience is priced at $79 per person. Special cocktails and an extensive wine list complement the menu, adding to the luxurious dining experience.

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Princess Cruises has introduced the 'Better than Best Price Guarantee' for its 2025 and 2026 cruises, available from July 1 to September 2, 2024. This guarantee allows guests to book early with confidence, ensuring they receive the best price available. If a lower price for the same cruise is found before final payment, Princess will honor the lower rate and provide 120% of the difference as onboard credit. The promotion is part of Princess's effort to offer unmatched value and service, with booking volumes already 30% higher for 2025 voyages. Guests can also benefit from inclusive packages, offering significant savings on amenities.

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Carnival & plc (NYSE: CCL) announced record financial results for Q2 2024, with net income improving by nearly $500 million compared to 2023. The company reported second-quarter revenues of $5.8 billion and an operating income of $560 million, almost five times higher than the previous year. Adjusted net income outperformed guidance by $170 million, driven by higher ticket prices and onboard spending.

Total customer deposits hit a record high of $8.3 billion. The company raised its full-year 2024 net yield guidance to 10.25% and adjusted net income guidance by $275 million. Bookings for 2025 are already higher in both price and occupancy compared to 2024. Carnival also announced strategic portfolio optimizations, including the sunset of the P&O Cruises (Australia) brand.

Debt prepayment initiatives have reduced secured debt by nearly 40%, and net interest expenses are expected to decrease by $85 million annually. Adjusted EBITDA for 2024 is projected to be approximately $5.83 billion, up nearly 40% from 2023.

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Princess Cruises has launched an exclusive VIP package for its Love Boat-themed cruise, offering fans a chance to interact closely with the original cast members. The cruise, scheduled from August 31 to September 7, 2024, aboard the Enchanted Princess, features cast members like Jill Whelan, Bernie Kopell, Fred Grandy, and Ted Lange. The VIP package, priced at $450 per person, includes exclusive events like a cast cocktail party, reserved seating at Q&A sessions, front-of-line access for meet-and-greets, dinner with the cast, Love Boat-themed merchandise, and a signed cast photo. Additional themed activities are available for all guests. This seven-day cruise departs from New York City and visits Boston, Eastport, Saint John, and Halifax.

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Holland America Line has announced a partnership with Lindt & Sprüngli (USA), the makers of LINDOR truffles. This collaboration aims to enhance the cruising experience with special chocolate-themed services and desserts. Guests can enjoy a "Sweet Dreams" turndown service featuring Lindt chocolates, and exclusive Lindt chocolate desserts, such as a tulip-shaped mousse cake and a Lindt Sundae. Additionally, a Lindt Flourless Chocolate Cake will debut in July 2024. These treats will be available fleetwide by August 2024, enriching the culinary experience on board.

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FAQ

What is the current stock price of Carnival PLC (CUK)?

The current stock price of Carnival PLC (CUK) is $24.32 as of December 20, 2024.

What is the market cap of Carnival PLC (CUK)?

The market cap of Carnival PLC (CUK) is approximately 28.9B.

What brands are part of Carnival Corporation & plc?

Carnival Corporation & plc's brands include Carnival Cruise Lines, Holland America, Princess Cruises, Seabourn, P&O Cruises, Cunard Line, Aida, Costa Cruises, and P&O Cruises Australia.

How many ships does Carnival Corporation operate?

Carnival Corporation operates over 100 vessels across its ten cruise line brands.

What recent sustainability initiatives has Carnival Corporation undertaken?

Holland America Line started a long-term test of 100% low carbon intensity biofuel on its ship, Rotterdam, aiming to reduce greenhouse gas emissions.

What new experiences are available on Princess Cruises?

Princess Cruises introduced the 'Voyage to the Stars' experience in Alaska, featuring an immersive planetarium show of the Northern Lights and new culinary adventures.

How has Carnival Corporation recovered post-COVID-19?

Carnival Corporation attracted nearly 13 million guests in 2023, matching their 2019 pre-pandemic levels, demonstrating significant recovery and growth.

What are some highlights of the Seabourn Odyssey's final season?

Seabourn Odyssey's final season will feature 12 seven-day voyages through the Alaska Inside Passage, unique Ventures by Seabourn excursions, and a special 22-day Farewell Voyage to Japan.

How does Carnival Corporation engage with its investors?

Carnival Corporation holds regular financial results conference calls, like the upcoming one on June 25, 2024, to discuss second-quarter financial results with analysts.

What culinary innovations has Carnival Corporation introduced?

Carnival Corporation's Holland America Line featured its Global Fresh Fish Program on 'Top Chef', highlighting sustainable fish sourcing and culinary excellence.

What is the Zero @ Sea program by Seabourn?

Zero @ Sea is Seabourn's new non-alcoholic mixology program, offering a unique array of zero-proof cocktails available fleetwide.

Where can I find more information about Carnival Corporation's cruise offerings?

You can find more information on Carnival Corporation's cruise offerings on their official websites, such as carnivalcorp.com, hollandamerica.com, seabourn.com, and princess.com.

Carnival PLC

NYSE:CUK

CUK Rankings

CUK Stock Data

28.93B
187.68M
27.29%
0.29%
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