Carnival Corp Stock Price, News & Analysis

Carnival Corporation reported a net loss of $(2.1) billion for Q2 2021, with adjusted losses at $(2.0) billion. The company ended the quarter with $9.3 billion in cash, believing it sufficient for a full operational return. Customer deposits increased to $2.5 billion, and booking volumes rose 45% compared to Q1 2021. 42 ships, over 50% of capacity, are set to resume operations by November 30, 2021. Aiming for sustainability, Carnival announced 2030 goals and 2050 aspirations. The company also reduced future interest expenses by $120 million annually through refinancing.

Carnival Cruise Line announced plans to expand its fleet by adding two new ships by 2023. The company will take delivery of an Excel-class ship originally assigned to AIDA Cruises and acquire Costa Magica, undergoing a Carnival-branded conversion by mid-2022. This growth is in addition to the upcoming launches of Mardi Gras on July 31 and Carnival Celebration in late 2022, bringing the total fleet to 27 ships by year-end 2023. These new ships will enhance guest experience and improve environmental efficiencies.

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced the resumption of cruise operations for eight brands, including Carnival Cruise Line and Princess Cruises, with enhanced health protocols. By end of fiscal year 2021, 52% of its fleet (42 ships) will be operational. Initial sailings from North America start in July and August, featuring eco-friendly ships like Mardi Gras. The company aims to address pent-up demand, contributing to economic recovery and jobs globally while ensuring the health and safety of guests and crew.

P&O Cruises has outlined its phased restart plan for 2021 and early 2022, with ships like Britannia and Iona commencing Mediterranean and Atlantic coast itineraries starting September 25. The winter season will see Britannia and Azura operating in the Caribbean. A revised vaccination policy mandates all guests aged 18 and over to be fully vaccinated before sailing. Future Cruise Credits will be issued for cancelled cruises, worth 125% of deposits. P&O aims to respond to evolving travel regulations positively, with hopes for open borders in key destinations like Spain and the Caribbean.

Holland America Line is set to restart cruises from Port of San Diego beginning September 2021, offering a total of 40 cruises until April 2022. Two ships, Koningsdam and Zuiderdam, will sail to Mexico, Hawaii, and the California coast, with additional departures included. The company plans to operate four ships in the Caribbean starting October 2021. Vaccination is mandatory for guests, aligning with health protocols. Canceled cruises in Asia and South America will offer options for affected guests, ensuring flexibility.

Carnival Cruise Line has partnered with Guy's Flavortown Kitchen to offer home delivery of the popular "Straight Up" burger from Guy's Burger Joint for a limited time. The burger, priced at $11.99 with free delivery via select apps, is a fan favorite among cruise guests. Carnival aims to satisfy cravings during the hiatus in operations. The Guy's Burger Joint, available on all 24 Carnival ships, serves approximately eight million burgers annually. The newest ship, Mardi Gras, is set to debut on July 31, 2021.

Carnival Corporation & plc (CCL, CUK) has announced a conference call scheduled for June 24, 2021, at 10 a.m. EDT to provide a business update for the second quarter of 2021. Analysts can access the call via the company’s websites at www.carnivalcorp.com and www.carnivalplc.com.

Princess Cruises has announced its intent to resume operations in the U.S. this fall, with sailings from Los Angeles, San Francisco, and Ft. Lauderdale starting between September 25 and November 28, 2021. Eight MedallionClass ships will travel to destinations including the Caribbean, Panama Canal, and Hawaii. Guests must be fully vaccinated, and the company is implementing enhanced health protocols. Additionally, select cruises will be cancelled, and guests booked on these will have options for future cruise credits or refunds.