Carnival Corp Stock Price, News & Analysis

Carnival Cruise Line announced plans to resume operations of more ships in January and February 2022, aiming for full fleet service by spring. By year-end, 17 ships will be operational, with Carnival Sunshine restarting on January 13 and Carnival Liberty on February 11. This expansion will represent 90% of Carnival's U.S. capacity. The company is optimistic about future vaccine approvals for younger children, facilitating family travel. However, three U.S.-based ships and two Australian ships remain canceled through February.

Holland America Line has introduced a special Military Appreciation Offer providing $100 in Onboard Spending Money for active and retired military personnel booking cruises from San Diego through December 31, 2021. This offer applies to a variety of seven-day cruises to Mexico and the California Coast aboard the Koningsdam and a special Zuiderdam sailing. The credit can be used for various onboard amenities including shore excursions and dining. This initiative acknowledges the significant military presence in California, particularly in San Diego.

Seabourn announces that its ultra-luxury ship, Seabourn Encore, will resume service earlier than planned on February 19, 2022. The ship will offer 10- to 11-day itineraries to the Canary Islands and the Mediterranean, departing from Lisbon. Booking for these new voyages opens on October 5, 2021. Guests can take part in special entertainment featuring Sir Tim Rice and enjoy various shore excursions. Seabourn aims to deliver unique cultural experiences while maintaining its ultra-luxury service.

Carnival UK has appointed Sture Myrmell as its new president effective October 18, transitioning from his role as president of P&O Cruises Australia. Myrmell, based in Southampton, England, will also serve as interim president of Cunard until a new appointment is made. With over 20 years at Carnival Corporation, Myrmell is expected to enhance operational performance and oversee Cunard's fleet, including the Queen Mary 2. Myrmell succeeds Simon Palethorpe, who departs after six years. Read more.

Carnival Corporation (NYSE: CCL; NYSE: CUK) announced leadership changes, appointing Sture Myrmell as president of Carnival UK, effective October 18, 2021. Myrmell, with over 20 years at Carnival, will oversee the Cunard and P&O Cruises UK brands and temporarily lead Cunard during recruitment for a new president. Marguerite Fitzgerald, previously with the Boston Consulting Group, will succeed Myrmell as president of P&O Cruises Australia and Carnival Australia starting January 10, 2022. These appointments aim to strengthen operations in key markets.

Princess Cruises announced the departure of the Grand Princess from the Port of Los Angeles, marking the cruise line's first vacation voyage since the operational pause began in March 2020. The President of Princess Cruises, Jan Swartz, participated in a ribbon-cutting ceremony at the port, emphasizing the return to service in their hometown. The Grand Princess is set to embark on a 5-Day Cabo San Lucas Getaway, part of 11 sailings planned for 2021. Each cruise ship visit generates over $1 million in local economic activity, highlighting the importance of this resumption.

Carnival Corporation & plc reported a net loss of $2.8 billion for Q3 2021, with an adjusted net loss of $2.0 billion. The company ended the quarter with $7.8 billion in liquidity and indicated that its voyages were cash flow positive. As of August 31, 2021, eight of its nine brands resumed operations. While booking volumes were higher than Q1 2021, they fell short of Q2 2021 due to the COVID-19 Delta variant. Customer deposits rose by $630 million, and the company is focused on debt management and sustainability efforts aimed at reducing future interest expenses and enhancing its environmental footprint.

Carnival Corporation (CCL, CUK) aims to resume over 50% of its fleet capacity by the end of October, a key milestone toward achieving nearly 65% capacity by year-end. Eight of its nine cruise brands have restarted operations with 42 ships globally. Enhanced health protocols ensure safety while maintaining high guest satisfaction. North American brands plan to have 13 to 17 ships operating by year-end, while European brands will operate a total of 23 ships. The company emphasizes adherence to health regulations and aims to generate positive economic activity.