Carnival Corp Stock Price, News & Analysis

Carnival announced the launch of shore power at PortMiami, marking the first major cruise port on the U.S. Eastern Seaboard to provide this capability. Carnival Conquest was the first ship to plug into landside electrical power, representing a significant milestone in Carnival's emissions reduction strategy.

The company surpassed its 2030 shore power goal seven years ahead of schedule and now leads the industry with 67% of its fleet shore power-capable. Shore power can reduce total emissions by up to 98%, contributing to Carnival's goal of achieving net zero greenhouse gas emissions by 2050. An additional 30 shore power connections will be installed onboard Carnival ships in the coming years.

Carnival's decarbonization strategy has resulted in over 10% reduction in total GHG emissions since 2011, despite a 30% increase in fleet capacity. The company continues to work with global ports to expand shore power infrastructure, aligning with broader sustainability goals.

Holland America Line's McKinley Chalet Resort now offers enhanced dining experiences with new menus at its two on-site restaurants, Karstens Public House and Canyon Steakhouse, featuring authentic Alaskan specialties. The resort has also achieved Marine Stewardship Council certification, ensuring the seafood served is sustainably sourced. New offerings at Denali Square include live music, a portable outdoor bar, educational talks, an Alaska Artist in Residence program, nature walks, and family-friendly activities. This development underscores Holland America's commitment to providing high-quality, sustainable dining options and enriching guest experiences.

Carnival & plc (NYSE/LSE: CCL; NYSE: CUK) has announced a conference call with analysts scheduled for June 25, 2024, at 10 a.m. (EDT) or 3 p.m. (BST) to discuss their second quarter financial results. The financial results are expected to be released on the same morning. The call will be accessible via a simulcast on Carnival's websites.

Carnival & plc is the world's largest cruise company, including numerous renowned cruise lines such as AIDA Cruises, Carnival Cruise Line, Costa Cruises, and others. The company also emphasizes its industry-leading sustainability initiatives, details of which can be found on their dedicated sustainability website.

Cunard announced record-breaking bookings following the launch of its new ship, Queen Anne. The 3,000-guest vessel embarked on its maiden voyage on May 3 and returned to Southampton on May 24 for a British Isles Festival voyage. The event included a spectacular naming ceremony in Liverpool, attended by over 50,000 people, with thousands more watching along the River Mersey.

Cunard reported its highest-ever guest bookings in May, with Queen Anne's Europe itineraries particularly popular. The launch also generated over 21 million impressions on social media. Cunard President Katie McAlister attributed the success to the team's hard work and expressed excitement for welcoming new guests aboard Queen Anne and other ships in their fleet.

Cunard has announced its 2025 Event Voyages across its fleet, including Queen Mary 2, Queen Elizabeth, and Queen Victoria. The seven itineraries, ranging from five to 11 nights, will feature events highlighting arts, gastronomy, wine, and entertainment with expert-led activities.

Key voyages include the Great Australian Culinary Voyage on February 6, 2025, starting at $1333 per person, and the Film Festival at Sea on March 8, 2025, starting at $1193 per person. Other notable cruises include the Cunard 185th Anniversary Sailing, Dance the Atlantic, and the Literature Festival at Sea, each featuring unique themes and expert guests.

Prices for these voyages start from $1142 to $1854 per person, based on double occupancy in a Britannia Balcony stateroom.

Holland America Line's Eurodam will be featured on Bravo's 'Top Chef' airing June 12, 2024. The episode will showcase the cruise line's Global Fresh Fish Program and a special appearance by Chef Masaharu Morimoto, who will prepare a meal for the final four 'cheftestants'. The winner of this penultimate challenge will receive a $10,000 cash prize and a 10-day cruise. The episode represents the first time 'Top Chef' filmed its finale in the Caribbean on a cruise ship. Holland America Line emphasizes its commitment to providing high-quality, sustainably sourced seafood, an effort recognized by certifications from the Marine Stewardship Council and Aquaculture Stewardship Council.

Princess Cruises has been named the official cruise line partner of the Academy of Country Music (ACM). The partnership was announced at the 59th ACM Awards on May 16, hosted by Reba McEntire. This collaboration includes Princess Cruises sponsoring the "ACM Live from the Red Barrel Lounge" series in Nashville, featuring emerging country artists. Select future voyages will also feature performances by these artists. Princess will support the ACM Honors in August, recognizing various award winners. Princess Cruises aims to offer unique onboard experiences combining country music and cruising.

Holland America Line has announced its 'Summer Savings Event,' offering up to 40% off cruise fares, free third and fourth guests, onboard credits up to $100 per stateroom, and 50% reduced deposits. This promotion is applicable on select cruises departing between June 2024 and May 2025. Destinations include Alaska, Europe, the Caribbean, and more. The event is combinable with the 'Have It All' premium fare, which includes additional amenities such as shore excursions and specialty dining. Bookings must be made by June 28, 2024.

Carnival announced that it will sunset the P&O Cruises Australia brand in March 2025, integrating it into Carnival Cruise Line. This strategic move aims to optimize the brand portfolio and boost operational efficiencies. The transition will add eight new ships to Carnival Cruise Line's fleet, increasing its capacity by nearly 25% since 2019. Despite a projected company-wide growth of under 2% CAGR from 2019 to 2028, Carnival Cruise Line's capacity is expected to grow by approximately 50%. The realignment will also enhance performance in the South Pacific, with Carnival remaining the largest cruise operator in the region.

While operational adjustments will be made, the experience for P&O Cruises Australia guests will largely remain the same, with the addition of Carnival's HubApp and loyalty program. The company remains committed to the Australian market, with 19 ships calling on 78 destinations.