Carnival Corp Stock Price, News & Analysis

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.

Seabourn has announced the cancellation of voyages for three cruise ships, Seabourn Odyssey, Seabourn Ovation, and Seabourn Encore, extending operations pauses into Spring 2021. This measure is a proactive response to ongoing COVID-19 challenges. Guests affected will automatically receive Bonus Future Cruise Credits valued at 125% of their paid fares, with the option for full refunds. The credits are valid for bookings through December 31, 2022. Seabourn emphasizes the health and safety of guests and crew as a priority.

Costa Cruises, part of Carnival Corporation (CCL, CUK), announces that the Costa Smeralda will resume operations on October 10 with enhanced health protocols. The ship will offer a series of five cruises from October 10 to November 7, showcasing Italy's cultural heritage. The new routes include stops in Savona, La Spezia, Cagliari, Naples, Messina, and Civitavecchia, with strict COVID-19 safety measures in place. Costa Smeralda utilizes liquefied natural gas (LNG) to minimize emissions, exemplifying sustainable practices.

Carnival Corporation & plc (NYSE: CCL; NYSE: CUK) has announced a conference call scheduled for October 8, 2020, at 10 a.m. EDT to discuss a business update. Investors and analysts can access the call via the company websites carnivalcorp.com and carnivalplc.com. This call is an opportunity for stakeholders to gain insights into the company's current status amid ongoing market challenges.

On October 1, 2020, Holland America Line celebrated the coin ceremony for the Rotterdam at Fincantieri's Marghera shipyard in Italy, marking a key milestone in its construction. Executive Director Mai Elmar participated as the ship's madrina, emphasizing the ship's connection to Rotterdam. The Rotterdam is set to be floated out on October 7, 2020, with a delivery date scheduled for July 30, 2021. This third Pinnacle Class ship will feature innovative amenities and a capacity for 2,668 guests, enhancing the brand's reputation in premium cruising.