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Carnival Corporation & plc - CCL STOCK NEWS

Welcome to our dedicated page for Carnival Corporation & plc news (Ticker: CCL), a resource for investors and traders seeking the latest updates and insights on Carnival Corporation & plc stock.

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) is the world's largest global cruise company and one of the largest vacation companies, with a portfolio that includes many of the most recognized cruise brands. The company's brands include Carnival Cruise Lines, Holland America Line, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; AIDA Cruises in Germany; Costa Cruises in Southern Europe; and P&O Cruises in Australia.

With 92 ships in service as of the end of fiscal 2023, Carnival Corporation offers a wide range of vacation products tailored to different cultures and preferences. Combined, their cruise brands welcomed nearly 13 million guests in 2019 and again in 2023, underscoring the resilient demand for cruise vacations.

Notably, Carnival Corporation also owns Holland America Princess Alaska Tours, enhancing its land-based tour offerings in Alaska and the Canadian Yukon. The company's commitment to development and innovation is evident in its various projects, such as Princess Cruises' new immersive

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Holland America Line has launched a 'Save on Sunshine' offer for warm-weather winter vacations, available from July 19 to August 20, 2024. The promotion includes:

  • Up to 40% off fares
  • Free prepaid crew appreciation
  • 50% reduced deposits

The offer applies to select cruises from September 2024 through April 2025, covering destinations like the Caribbean, Mexico, Asia, Australia/New Zealand, and South America. It can be combined with the 'Have It All' premium fare, which adds shore excursions, a Signature Beverage Package, specialty dining, and Wi-Fi. Nearly 300 cruises are included, ranging from 4 to 58 days, with options for holiday sailings.

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Princess Cruises set a new GUINNESS WORLD RECORDS title for the 'World's Largest Pizza Party,' serving over 60,000 pizza slices across multiple venues on its ships. This achievement coincided with a new partnership with Chef Tony Gemignani, a 13-time World Pizza Champion. Chef Gemignani created exclusive pizzas for Princess Cruises, which will debut at Alfredo's on the new Sun Princess before being rolled out to the rest of the fleet. This collaboration aims to enhance the cruise line's reputation for offering the 'Best Pizza at Sea.' Chef Gemignani trained the onboard chefs to ensure the pizzas maintain his high standards. Additionally, Princess Cruises previously held a Guinness World Record for the largest marriage vow renewal ceremony in 2020.

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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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FAQ

What brands are part of Carnival Corporation & plc?

Carnival Corporation's portfolio includes Carnival Cruise Lines, Holland America Line, Princess Cruises, Seabourn, P&O Cruises, Cunard Line, AIDA Cruises, and Costa Cruises.

How many guests did Carnival Corporation attract in 2023?

Carnival Corporation's brands attracted nearly 13 million guests in 2023, matching pre-pandemic levels of 2019.

What sustainability initiatives is Carnival Corporation involved in?

Carnival Corporation is involved in various sustainability initiatives, including biofuel tests on Holland America Line ships and a commitment to net-zero emissions by 2050.

What new experiences does Princess Cruises offer?

Princess Cruises offers new immersive experiences like the 'Voyage to the Stars' program in Alaska, featuring a planetarium show of the Northern Lights.

Where can I find financial information about Carnival Corporation?

Financial information about Carnival Corporation can be found on their official websites at www.carnivalcorp.com and www.carnivalplc.com.

What is Holland America Line's Global Fresh Fish Program?

Holland America Line's Global Fresh Fish Program sources 80 types of fresh fish from a global network of 60 ports, ensuring the freshest seafood is served onboard.

How many ships does Carnival Corporation operate?

Carnival Corporation operates 92 ships across its various cruise brands as of the end of fiscal 2023.

What regions do Carnival Corporation's brands serve?

Carnival Corporation's brands serve regions including North America, the United Kingdom, Germany, Southern Europe, and Australia.

What are some of Carnival Corporation's latest projects?

Latest projects include Princess Cruises' expanded Alaska itineraries and Holland America Line's biofuel tests to reduce greenhouse gas emissions.

How can I stay updated on Carnival Corporation's news?

You can stay updated on Carnival Corporation's news by visiting their official website or following their press releases and updates online.

Carnival Corporation & plc

NYSE:CCL

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24.15B
1.12B
7.86%
58.35%
7.5%
Tour Operators
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