Carnival Corp Stock Price, News & Analysis

Holland America Line reports a significant surge in bookings for Alaska cruises, reaching levels not seen since before the pandemic. With the July 4 holiday approaching, AAA Washington designates Seattle as the top summer destination for residents. Travel inquiries indicate a tripling of travel bookings by various modes, including cruises, compared to 2021. The company's local marketing efforts around homeports have positively impacted demand. Holland America Line operates six ships to Alaska, offering convenient departures from Seattle and Vancouver.

Princess Cruises announces a promotional offer to enhance vacation planning with a $1 deposit available from June 30 to July 5, 2022. This allows guests to secure cruises without full payment until 90 days prior. Additionally, the cruise line offers significant discounts of up to 40% on 2022 voyages and 25% on 2023 cruises. Selected cruise fares start at $419 for various destinations, appealing to travelers looking for affordable vacation options.

Carnival Corporation (NYSE: CCL; NYSE: CUK) reported a second quarter 2022 net loss of $1.8 billion, yet saw robust operational improvements with cash from operations turning positive. Revenue surged nearly 50% from Q1 2022, propelled by occupancy rising to 69% and customer deposits increasing by $1.4 billion, totaling $5.1 billion. The company anticipates continued recovery with over 90% of its fleet operational. Upcoming leadership changes include Josh Weinstein becoming President and CEO. Despite ongoing industry challenges, booking volumes nearly doubled and are expected to exceed 2019 levels in the latter half of 2022.

Princess Cruises has been officially certified by the Italian Chamber of Commerce for its gelato shops aboard Discovery Princess, Enchanted Princess, and Sky Princess. This makes them the first to provide an authentic Italian gelato experience outside Italy. The designation ensures high-quality standards in the gelato-making process, using Italian-certified ingredients. Fresh gelato is handcrafted daily, with flavors including vanilla, chocolate, and more. The certification emphasizes Princess Cruises' commitment to delivering authentic Italian culture and culinary excellence to its guests.

Carnival Corporation & plc (NYSE: CCL; NYSE: CUK) will hold a conference call on June 24, 2022, at 10 a.m. (EDT) to discuss a business update. The call will be available via streaming on the company's official websites: carnivalcorp.com and carnivalplc.com.

Holland America Line's Westerdam returned to service on June 12, 2022, marking the completion of its fleet's full operational status after a two-year pandemic pause. This milestone follows the restart of cruising for the brand in July 2021. The ship will offer a seven-day cruise to Alaska and will subsequently reposition for a 36-day journey to Sydney, Australia, making 17 stops at various islands. The fleet now includes all 11 ships operational, enhancing its offerings in global cruising.

Holland America Line announces a partnership with the Alaska Seafood Marketing Institute (ASMI) to promote sustainably sourced local seafood during Alaska cruises. This collaboration, marking the first of its kind between ASMI and a major cruise line, aims to enhance guest experiences aboard its six ships, using over 4,000 pounds of sustainable seafood per cruise. The partnership will launch on July 5, featuring local chefs and seafood events. The Alaska seafood industry significantly contributes over $5.7 billion to Alaska's economy, highlighting the importance of sustainable practices in the region.