Carnival Plc Stock Price, News & Analysis

Carnival Corporation (NYSE: CCL) announced the appointment of Vicky Rey, vice president of government affairs for Latin America, to the Champions 12.3 coalition, a global initiative focused on achieving UN's Sustainable Development Goal 12.3 to halve food waste by 2030.

Under Rey's leadership, Carnival has achieved significant progress in its Less Left Over strategy, reducing food waste by 44% per person in 2024 compared to 2019 levels, exceeding its 2025 target ahead of schedule. Rey has been instrumental in expanding the company's meal donation program across Latin America, establishing partnerships with food banks and local organizations.

With over 40 years at Carnival Corporation, Rey will contribute her expertise in developing sustainable food waste reduction frameworks and cross-sector partnerships to the global coalition.

Princess Cruises (NYSE:CCL) has announced significant enhancements to its Premier and Plus packages for 2026 voyages, with sales beginning July 22, 2025. The Premier Package pricing will increase to $100 per person per day (from $90), while the Plus Package will cost $65 per person per day (from $60). For new Sphere class ships, rates will be $105 and $70 respectively.

The enhanced Premier Package now includes shore excursion credits ranging from $100 to $300 based on voyage length, while the Plus Package adds two more casual dining meals. Both packages maintain core benefits like beverage packages and wifi access, offering 50%-70% savings compared to purchasing components separately. Some less-utilized features like premium desserts and fitness classes will be discontinued.

Carnival Corporation (NYSE: CCL) has successfully closed a $3.0 billion offering of 5.75% senior unsecured notes due 2032. The proceeds will be used to fully repay borrowings under the company's first-priority senior secured term loan facility maturing in 2028 and to redeem $2.4 billion of 5.750% senior unsecured notes due 2027.

The new notes will pay interest semi-annually starting February 1, 2026, and will mature on August 1, 2032. This transaction is part of Carnival's strategy to deleverage and manage future debt maturities. Notably, the company has refinanced nearly $11 billion of debt this year and reduced its secured debt by nearly 70% since Q4 2021.

Princess Cruises (NYSE:CCL) has unveiled an innovative entertainment lineup for its newest Sphere-class ship, Star Princess, set to debut on October 4, 2025. The 175,500-ton vessel, accommodating 4,300 guests, will feature two original theatrical productions: Meridian and Illuminate, created in partnership with Black Skull Creative.

The entertainment program includes the Princess Cruises Candlelight Concert Series in The Dome, Princess Jamz performances in the Piazza, and the new Celestial Champagne Soirée. The ship will also feature Viva La Música, a Latin American celebration previously premiered on Sun Princess.

Star Princess will sail inaugural seasons across the Mediterranean, Caribbean, Panama Canal, and Alaska.

Carnival Corporation (NYSE: CCL) has announced the pricing of $3.0 billion in senior unsecured notes due 2032 at a 5.75% interest rate. The upsized offering's proceeds will be used to fully repay the company's senior secured term loan facility maturing in 2028, with remaining proceeds and cash on hand allocated to redeem $2.4 billion of 5.750% senior unsecured notes due 2027.

The new notes will pay interest semi-annually starting February 1, 2026, and will mature on August 1, 2032. This strategic transaction advances Carnival's deleveraging efforts, with remaining senior secured debt reduced to $3.1 billion. The offering is expected to close on July 16, 2025, subject to customary conditions.

Carnival Corporation (NYSE/LSE: CCL) has announced a private offering of $2.0 billion in new senior unsecured notes, set to mature in 2032. The cruise line operator plans to use the proceeds to fully repay its first-priority senior secured term loan facility due in 2028 and partially redeem $1.4 billion of its 5.750% senior unsecured notes due 2027.

The Notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S of the Securities Act. The new notes are expected to feature investment grade-style covenants, reflecting the company's debt management strategy to reduce secured debt and manage future maturities.

Carnival Corporation (NYSE: CCL) has successfully closed its previously announced private offering of €1.0 billion in senior unsecured notes with a 4.125% interest rate, maturing in 2031. The proceeds will be used to repay borrowings under existing senior secured term loan facilities, including the full repayment of the 2027 Term Loan Facility.

This strategic financial move, combined with a $450.0 million prepayment made on June 27, 2025, demonstrates Carnival's commitment to deleveraging, reducing interest expenses, and simplifying its capital structure. The company is currently one notch away from achieving an investment grade credit rating, and the notes feature investment grade-style covenants.

Cunard (NYSE:CUK) has reported exceptional booking performance following the launch of its 2027 programme, with a 55% increase in nights booked during the first week compared to the 2026 launch. The luxury cruise line saw remarkable growth across markets, with bookings up 50% in the UK and over 100% in North America.

The company's luxury segment showed particular strength, with Queens Grill and Princess Grill suite bookings surging over 100%. The new programme features 195 new itineraries across its fleet, visiting 115 destinations in 32 countries between April 2027 and January 2028, including 93 UNESCO World Heritage sites.

Notably, three Cunard ships will offer roundtrip voyages from the UK for the first time since 2018, increasing Southampton departure capacity by 54% year-over-year.

Dream Vacations, in partnership with Carnival Cruise Line, has launched its 14th annual "Operation Vetrepreneur: Become Your Own General" contest for military veterans. The contest will award three veterans with free travel agency franchises, each valued at $12,300, including a complimentary Carnival cruise and waived $10,500 initial start-up fee.

Since 2012, Dream Vacations has awarded 64 franchises worth over $787,200 to veterans. The contest runs through September 1, 2025, and is open to retired or honorably discharged members of all six U.S. military branches. Veterans and Gold Star families can also purchase a franchise at a 30% discount with additional benefits including waived administrative fees valued at $1,800 and an enlistment package worth $5,000.