Carnival Corp Stock Price, News & Analysis

Carnival Corporation reported a third quarter 2022 net loss of $770 million and an adjusted net loss of $688 million. Despite this, the company achieved an adjusted EBITDA exceeding $300 million, marking its first positive quarter since returning to operations. Revenue surged by nearly 80% compared to the previous quarter, and occupancy rose 15 percentage points. Booking volumes significantly outpaced 2019 levels following relaxed protocols. The company ended the quarter with $7.4 billion in liquidity, bolstered by a $1.15 billion equity offering.

Cunard has announced a performance of The Best Exotic Marigold Hotel aboard the Queen Mary 2 from December 15-22, 2022. This production features stars like Hayley Mills, Paul Nicholas, and Rula Lenska and includes three performances in the ship's Royal Court Theatre. The show is based on the best-selling novel and explores the adventures of British retirees in India. Cunard has been an operator of luxury cruises since 1840 and is known for delivering exceptional onboard experiences.

Carnival Cruise Line has announced actress Cassidy Gifford as the godmother of its newest ship, Carnival Celebration, during a ceremony on November 20, 2022, in Miami. Cassidy, daughter of former godmother Kathie Lee Gifford, expressed pride in continuing the family tradition. Carnival Celebration marks the end of the company's 50th birthday festivities and will feature six themed zones and a BOLT roller coaster. Carnival continues to expand its fleet, welcoming five new ships from 2022 to 2024.

Holland America Line, part of Carnival Corporation (NYSE: CCL), has successfully implemented the SYNKROS casino management system across all 11 ships in its fleet. This upgrade introduces cashless wagering and improved access to player information, enhancing the gaming experience for guests. The system allows for on-demand slot tournaments and promotions. Konami Gaming, which developed SYNKROS, was chosen as the official gaming enterprise management system for Carnival's brands in 2018, and its installation across over 90 ships is ongoing.

Holland America Line celebrates the lifting of Canadian pandemic border restrictions, which simplifies travel for Alaska and Canada cruises. As of late September, no vaccination or COVID-19 testing is needed for entry to Canada. This shift is expected to boost interest in booking 2023 cruises. The company has introduced a Health Protocols Tool for guests to easily check requirements. In 2023, six ships will explore Alaska, and itineraries will also showcase Canada/New England. The cruise line emphasizes its long-standing expertise in Alaska travel.

Princess Cruises announces its readiness to welcome all guests following Transport Canada's removal of COVID-19 entry requirements. This decision impacts cruises visiting, departing, or arriving from Canadian ports, including popular Alaska and Canada/New England itineraries. John Padgett, President of Princess Cruises, expressed optimism about the reopening for travelers who have been waiting for three years. The company is notifying guests and travel advisors about these developments and is prepared for increased bookings in 2023, showcasing its status as a leader in the cruise industry.