Carnival Plc Stock Price, News & Analysis

Carnival Corporation & plc reported a fourth quarter net loss of $2.2 billion, with an adjusted loss of $1.9 billion. Despite these losses, the company ended Q4 2020 with $9.5 billion in cash and a better-than-expected cash burn rate of $500 million. Cumulative bookings for the first half of 2022 surpassed 2019 levels, and the company is taking steps to enhance operational efficiency by removing 19 less efficient ships. The CEO expressed confidence in resuming operations and capitalizing on pent-up demand as health protocols are implemented.

Princess Cruises has announced an extension of its pause on guest cruise vacations through May 14, 2021, due to ongoing health and safety measures in line with the CDC’s Framework for Conditional Sailing Order. The affected regions include the Caribbean, California Coast, early season Alaska, and Europe. Guests on canceled voyages are eligible for a Future Cruise Credit equivalent to 100% of their cruise fare, plus an additional 25% bonus, or may opt for a full refund by February 15, 2021. The company remains committed to supporting travel advisors during this challenging period.

Holland America Line has announced it is extending its pause in cruise operations through April 30, 2021, due to the CDC's Framework for Conditional Sailing Order. This suspension includes all departures from key regions like Alaska, Mexican Riviera, Caribbean, and Mediterranean. Affected customers will be automatically offered Future Cruise Credits (FCC) of 125% for fully paid bookings or double the deposit for partially paid reservations. Refund options are also available. The company is actively preparing for the safe resumption of operations.

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has announced a conference call scheduled for January 11, 2021, at 10 a.m. EDT to provide a business update. The call aims to inform analysts about the company’s current status and future strategies amidst ongoing challenges in the cruise industry. The event will be accessible via the company's official websites: carnivalcorp.com and carnivalplc.com.

Costa Cruises, part of Carnival Corporation (NYSE/LSE: CCL; NYSE: CUK), has officially taken delivery of the Costa Firenze, a new ship from Fincantieri. This 135,500 gross tonnage vessel can accommodate over 5,200 guests and is part of an ambitious plan that includes seven new ships by 2023, with a total investment exceeding €6 billion. Costa Firenze, recognized for its sustainability with a Green Star 3 rating, will initially sail in the Mediterranean, offering itineraries starting February 28, 2021.

Carnival Cruise Line has officially taken delivery of its new ship, Mardi Gras, in a virtual ceremony at Meyer Turku Shipyard, Finland, on December 18, 2020. The ship, set for guest operations in April 2021, will be North America's most innovative vessel, powered by liquefied natural gas (LNG) and featuring the first roller coaster at sea. Mardi Gras will accommodate over 5,200 guests, with 2,600 staterooms and 180 suites. The inaugural voyage is scheduled for April 24, 2021, from Port Canaveral, Florida.

Holland America Line announces its innovative 'Buy One, Gift One' promotion, valid from Dec. 17, 2020 to Jan. 5, 2021. This unique offer allows cruisers to receive a free interior stateroom with the booking of a verandah or suite on select 2021 cruises. The promotion can provide up to $3,800 in added value, with the free stateroom valued at up to $5,600. It combines with the 'View & Verandah' offer, which includes various perks like free gratuities and discounts on excursions. Bookings apply to cruises through Dec. 18, 2021.

Seabourn announced updated itineraries for its 2021 Alaska and British Columbia season aboard the Seabourn Odyssey. The revised schedule features 18 seven-day voyages from Vancouver to Juneau, providing access to popular destinations and remote locations along the Inside Passage. The changes align with CDC guidelines for safe cruising amid COVID-19. New bookings will be available starting January 2, 2021, while some previous voyages have been canceled. Seabourn emphasizes a commitment to luxury travel and health protocols in response to the pandemic.

This holiday season, Holland America Line introduces gift cards for future cruise travel, applicable to 2021 and 2022 bookings. These cards can be purchased online, available as physical or digital options with festive designs. They can be used for cruise bookings and pre-cruise purchases, enhancing the travel experience. The latest promotion, starting December 10, 2020, offers perks like stateroom upgrades and discounted excursions. Holland America Line, a division of Carnival Corporation (CCL, CUK), has been a leader in premium cruising since 1873.