Carnival Corporation's North American Brands Extend Pause in Cruise Operations
Carnival Corporation (NYSE/LSE: CCL; NYSE: CUK) announced an extension of the pause in operations for its North American cruise lines, suspending voyages between Dec. 1 and Dec. 31, 2020.
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Rhea-AI Summary
Carnival Corporation (NYSE/LSE: CCL; NYSE: CUK) announced an extension of the pause in operations for its North American cruise lines, suspending voyages between Dec. 1 and Dec. 31, 2020. CEO Arnold Donald affirmed the company’s commitment to compliance and safety and noted collaboration with health authorities to plan a safe restart of cruising. Updates regarding affected cruises will be communicated individually by each brand. The company emphasizes its dedication to the health and well-being of guests and crew.
Positive
- Collaboration with health authorities to develop safety protocols.
- Commitment to guest and crew safety prioritized.
Negative
- Extended pause in operations may impact revenue and profitability.
- Suspension of cruises for the entire month of December 2020.
Details
News Market Reaction – CCL
The recorded move for CCL in the trading session of this news was +1.18%.
Data tracked by StockTitan Argus. Session date unavailable.
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MIAMI, Nov. 2, 2020 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, today announced that its North American cruise line brands will extend their existing pause in operations, suspending cruise voyages between Dec. 1 and Dec. 31, 2020.
"Our highest responsibility and top priorities are always compliance, protecting the environment, and the health, safety and well-being of our guests, the people in communities we touch, our crew and shoreside employees," said Arnold Donald, CEO of Carnival Corporation. "We continue to work with the U.S. Centers for Disease Control and Prevention, and global government and public health authorities, as well as top medical and science experts around the globe, on a comprehensive plan for the eventual restart of cruising in North America. With their collective guidance, we have developed and continue to update our enhanced health and safety protocols that are in the best interest of our guests, crew and overall public health. Whenever we restart our cruise operations in the U.S., we certainly look forward to welcoming our guests on board."
Individually, each brand has been communicating and will continue to communicate with guests to provide updates and direction regarding affected cruise vacations.
The date for restarting cruise operations will be communicated by each respective brand and available on their websites.
The company and its brands are also notifying crew members, travel professionals and other stakeholders.
About Carnival Corporation & plc
Carnival Corporation & plc is one of the world's largest leisure travel company with a portfolio of nine of the world's leading cruise lines. With operations in North America, Australia, Europe and Asia, its portfolio features Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises ( Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.
Additional information can be found on www.carnival.com, www.princess.com, www.hollandamerica.com, www.seabourn.com, www.pocruises.com.au, www.costacruise.com, www.aida.de, www.pocruises.com and www.cunard.com.
View original content:http://www.prnewswire.com/news-releases/carnival-corporations-north-american-brands-extend-pause-in-cruise-operations-301165386.html
SOURCE Carnival Corporation & plc
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