Carnival Corp Stock Price, News & Analysis

Cunard's Captain Christopher Wells retires after a notable 20-year career with the cruise line. He has been named Commodore for his exemplary service. Over his career, he captained the flagship Queen Mary 2 and played a vital role in its commissioning in 2004. Cunard's president commended Wells for his exceptional contributions and leadership. His journey began on tankers and transitioned to cruise ships in 1992. With a legacy of memorable events, including meeting the Queen, Wells leaves behind a respected career and is celebrated for his commitment to Carnival Corporation.

Princess Cruises has announced the launch of enhanced MedallionNet Wi-Fi service across its fleet, enabling guests to work remotely from the sea with reliable, high-speed internet. This service will support essential tasks like video conferencing and cloud-based applications, ensuring a seamless experience for remote workers. With over 40% of Americans telecommuting and a growing demand for remote workspaces, Princess aims to provide a unique office-at-sea experience. Additionally, their flexible 'Book with Confidence' policy allows cancellations for cruises booked through June 30, 2021.

Carnival Corporation is hosting the 2021 Global Scientific Summit on COVID-19 on April 15, 2021, a virtual event featuring discussions on the latest science regarding COVID-19. The summit includes expert panels addressing epidemiology, treatment, and life after the pandemic. With participation from notable medical professionals and organizations like WTTC and Hilton, the event aims to provide practical approaches to navigate post-pandemic challenges. Registration is free and open to the public.

Carnival Corporation & plc (CUK, CCL) reported a net loss of $(2.0) billion for Q1 2021, with cash reserves of $11.5 billion. The company noted a 90% increase in booking volumes compared to Q4 2020 and anticipates resuming limited cruise operations across six brands this summer. Notably, cumulative advanced bookings for 2022 outpace strong 2019 levels with minimal marketing efforts. The average monthly cash burn rate was $500 million, better than expected, but ongoing operations continue to be impacted by the pandemic, projecting further losses for Q2 and the full fiscal year.

Carnival Corporation & plc has scheduled a conference call for April 7, 2021, at 10 a.m. EDT (3 p.m. BST) to discuss a business update. The call will be accessible via their official websites, providing an opportunity for analysts to gain insights into the company's performance amidst ongoing market conditions. This call is crucial for investors monitoring Carnival's recovery trajectory, especially within the context of the cruise industry's challenges.

The World Travel & Tourism Council (WTTC), Carnival Corporation (CCL, CUK), and Hilton (HLT) announced the 2021 Global Scientific Summit on COVID-19. Scheduled for April 15, 2021, this free virtual forum aims to share the latest scientific insights on living with COVID-19. Esteemed experts will discuss epidemiology, testing, and mitigation strategies to navigate a post-pandemic world. The event is open to all and encourages pre-registration for participation. This initiative continues from previous successful forums aimed at enhancing understanding of the pandemic's impact on society.

Holland America Line has announced that its ships Zaandam and Nieuw Statendam will operate cruises to Canada and New England from May to October 2022. The Nieuw Statendam will be the first Pinnacle Class ship to sail in this region. Exclusive itineraries include six- to eight-day trips featuring destinations like Bar Harbor, Québec City, and Halifax. A unique 24-day cruise will circumnavigate Iceland, visiting multiple ports. Passengers can enjoy limited-time booking benefits worth up to $2,300, with cruise prices starting at $799 per person.