Core Insights - Wyndham Travel Bundles allows travelers to customize their entire vacation experience, including flights, hotel stays, rental cars, excursions, and post-cruise getaways, all in one platform [1][6] - The partnership with Carnival Cruise Line enhances the travel experience by allowing members to earn Wyndham Rewards points on cruise bundle reservations, as well as on airfare and car rentals [2][3] Wyndham Travel Bundles - Members earn one Wyndham Rewards point per dollar spent on cruise bundle reservations, with additional points for airfare, car rentals, and hotel stays, including up to 10 points per dollar on qualifying hotel stays [3] - The platform was developed in collaboration with Snowstorm Technologies, and requires that cruise bundles include at least one night at a Wyndham hotel [6] Carnival Cruise Line - Carnival Cruise Line is recognized as the world's most popular cruise line, known for its extensive reach and variety of cruise options, including new exclusive destinations like Celebration Key [2][10] - The company operates a fleet of 27 ships and is set to expand with seven new ships by 2033, reflecting ongoing growth in the cruise industry [10] Wyndham Rewards Program - Wyndham Rewards is the largest hotel rewards program, with approximately 114 million members globally, offering generous point redemption options starting at 7,500 points for free nights [7] - Members can earn guaranteed points with every qualified stay, enhancing the overall value of the Wyndham Travel Bundles [7]

Carnival (CCL -0.86%) has a unique opportunity to boost profits and reduce risk, which I discuss in this video.*Stock prices used were the afternoon prices of March 21, 2025. The video was published on March 23, 2025. ...

Group 1 - The article introduces Mehul Singh as a new contributing analyst for Seeking Alpha, highlighting the opportunity for others to share investment ideas and get published [1] - Mehul Singh has a background in investment, having started trading public equities 7 years ago and gaining experience in various sectors including healthcare startups, wealth management, and private equity [2] - The focus of Mehul Singh's investment strategy is on value investing, particularly targeting consumer industrials or technology companies with low to mid growth potential and stable or recurring business models [2] Group 2 - There is a disclosure stating that the analyst has no stock or derivative positions in any mentioned companies and no plans to initiate such positions in the near future [3] - Seeking Alpha emphasizes that past performance does not guarantee future results and that no specific investment recommendations are being made [4]

Revenue Growth - Passenger ticket revenues increased by $216 million, or 6.0%, to $3.8 billion in 2025 from $3.6 billion in 2024, accounting for 66% of total revenues [99] - Onboard and other revenues rose by $189 million, or 11%, to $2.0 billion in 2025 from $1.8 billion in 2024, representing 34% of total revenues [100] - The North America segment's passenger ticket revenues increased by $159 million, or 7.0%, to $2.4 billion in 2025 from $2.3 billion in 2024 [101] - The Europe segment's passenger ticket revenues rose by $52 million, or 3.8%, to $1.4 billion in 2025, despite a 2.9% capacity decrease in ALBDs [103] Operating Performance - Consolidated operating income increased by $267 million to $543 million in 2025 from $276 million in 2024 [116] - The occupancy percentage improved to 103% in 2025 from 102% in 2024, indicating higher demand for cruises [95] - Operating expenses increased by $62 million, or 1.7%, to $3.8 billion in 2025 from $3.7 billion in 2024 [106] Financial Expenses and Debt - Interest expense decreased by $94 million, or 20%, to $377 million in 2025 from $471 million in 2024, primarily due to a decrease in total debt and lower average interest rates [117] - Debt extinguishment and modification costs increased by $218 million to $252 million in 2025 from $33 million in 2024 [120] - The composition of the company's debt as of February 28, 2025, was 61% fixed rate, 23% EUR fixed rate, 7% floating rate, and 10% EUR floating rate [131] Cash Flow and Liquidity - As of February 28, 2025, the company had $3.8 billion of liquidity, including $0.8 billion in cash and cash equivalents and $2.9 billion in borrowings available under its multi-currency revolving credit facility [121] - Net cash flows from operating activities decreased to $0.9 billion during the three months ended February 28, 2025, down from $1.8 billion for the same period in 2024 [124] - Net cash used in investing activities was $605 million during the three months ended February 28, 2025, primarily due to capital expenditures of $607 million [125] - Net cash used in financing activities was $690 million during the three months ended February 28, 2025, compared to a net cash provided of $0.2 billion for the same period in 2024 [127] Working Capital and Future Projections - The working capital deficit increased to $8.6 billion as of February 28, 2025, compared to $8.2 billion as of November 30, 2024, primarily due to an increase in customer deposits [122] - The company operates with a substantial working capital deficit, mainly due to advance passenger ticket receipts that remain a current liability until the sailing date [122] - Future export credit facilities at February 28, 2025, are projected to be $0.7 billion in 2025, increasing to $3.1 billion thereafter [129] - The company plans to use existing liquidity and future cash flows from operations to fund cash requirements, including capital expenditures not funded by export credit facilities [128] Cost Management - Fuel cost per metric ton consumed decreased to $643 in 2025 from $686 in 2024, reflecting lower fuel prices [95] - The company anticipates a $46 million impact in 2024 due to the EU Emissions Trading System, affecting 40% of emissions under the operational scope [94]

VALENCIA, Calif., March 25, 2025 /PRNewswire/ -- Cunard today announced an exciting partnership with Sail4th 250, the non-profit organization overseeing celebrations in the Port of New York and New Jersey for America's 250th anniversary next year.The collaboration will see the luxury cruise line's flagship Queen Mary 2 – the world's only ocean liner – take pride of place at the heart of the landmark event, offering guests a once-in-a-lifetime vantage point in what promises to be an unforgettable moment in h ...

Carnival Corporation & plc (CCL) reported impressive first-quarter fiscal 2025 results, with earnings and revenues beating the Zacks Consensus Estimate. Both the top and bottom lines increased on a year-over-year basis. This upside was primarily backed by sustained demand strength and robust onboard revenues.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company anticipates surpassing its 2026 SEA Change financial targets a year ahead of schedule. For 2025, CCL expects to achie ...

Financial Data and Key Metrics Changes - The company reported a net income exceeding guidance by more than $170 million, driven by strong demand across its portfolio [8][30]. - A yield increase of 7.3% was achieved, surpassing previous guidance, following a 17% yield improvement from the prior year [8][10]. - EBITDA reached $1.2 billion, marking a nearly 40% year-over-year increase, with operating income nearly doubling [9][30]. - Operating and EBITDA margins improved by over 400 basis points year-over-year, now exceeding 2019 levels [9][10]. - The company raised its full-year earnings guidance by $185 million, reflecting strong first-quarter results [10][36]. Business Line Data and Key Metrics Changes - Onboard spending and ticket prices showed broad-based improvement, contributing to the overall yield increase [31][34]. - Customer deposits increased by over $300 million compared to the prior year, driven by improved ticket prices and pre-cruise onboard sales [35]. Market Data and Key Metrics Changes - The company noted strong demand across all core programs, with historical high prices for 2025 bookings [13][24]. - European brands continued to outperform year-over-year in both price and occupancy [34]. Company Strategy and Development Direction - The company is focused on maintaining strong pricing and demand, with no plans to reduce prices despite macroeconomic volatility [24][90]. - Marketing campaigns have been launched across major brands to enhance consideration for cruise travel [14][16]. - The company is investing in enhancing its portfolio, including renovations and expansions in key locations like Alaska and Celebration Key [19][27]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of consumer demand, noting that onboard spending growth accelerated compared to previous quarters [64][66]. - The company acknowledged macroeconomic volatility but emphasized its strong booking position and ability to manage through challenges [23][110]. - Future guidance remains optimistic, with expectations for continued yield growth and improved financial metrics [11][44]. Other Important Information - The company has successfully refinanced $5.5 billion of debt, reducing interest expenses and simplifying its capital structure [39][41]. - The average cash interest rate has decreased to 4.6%, with plans to further reduce debt by nearly $5 billion over the next two years [42][43]. Q&A Session Summary Question: Can you provide insights on consumer demand trends since Q4? - Management noted strong bookings and pricing, with historic occupancy levels leading into Wave season [49][50]. Question: How does the yield outlook for the rest of the year look? - Management confirmed that the yield guidance for the remaining quarters is maintained at over 4%, reflecting strong consumer demand [62][65]. Question: Are there any differences in consumer booking behavior between regions? - Management indicated that European brands continue to outperform, but North America is also performing well [85][86]. Question: What cost levers are available if demand weakens? - Management highlighted that the lack of hedging on commodities provides a natural hedge, allowing flexibility in managing costs [123][124]. Question: How is the new marketing strategy impacting customer acquisition? - Management reported a significant increase in first-time cruisers, indicating the effectiveness of the marketing efforts [150][151].

Core Insights - Carnival reported revenue of $5.81 billion for the quarter ended February 2025, reflecting a 7.5% increase year-over-year and surpassing the Zacks Consensus Estimate of $5.74 billion by 1.14% [1] - The company achieved an EPS of $0.13, a significant improvement from -$0.14 in the same quarter last year, resulting in an EPS surprise of 550% compared to the consensus estimate of $0.02 [1] Financial Performance Metrics - Available lower berth days (ALBDs) were reported at 23.6 million, slightly above the average estimate of 23.58 million [4] - The occupancy percentage was 103%, slightly below the estimated 104.4% [4] - Passenger cruise days (PCDs) totaled 24.3 million, compared to the average estimate of 24.68 million [4] - Fuel cost per metric ton consumed was $643, higher than the estimated $632.93 [4] - Net yields per ALBD were $184.95, exceeding the average estimate of $182.16 [4] - Revenues from onboard and other sources reached $1.98 billion, representing a year-over-year increase of 10.5% and surpassing the average estimate of $1.91 billion [4] - Revenues from passenger tickets were $3.83 billion, matching the average estimate and reflecting a 5.9% year-over-year increase [4] Stock Performance - Carnival's shares have returned -13.7% over the past month, compared to a -7.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

The cruise line operator posted record revenues and earnings in its fiscal Q1 2025, outpacing expectations.Carnival (CCL -1.13%), the largest cruise line operator in the world, delivered impressive fiscal 2025 first-quarter results on March 21. It recorded $5.81 billion in revenue, surpassing estimates by $64 million (or about 1.1%), and delivered adjusted earnings per share (EPS) of $0.13, far exceeding analysts' consensus expectation of $0.02. With operating income almost doubling year over year to $543 m ...

Carnival (CCL) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 550%. A quarter ago, it was expected that this cruise operator would post earnings of $0.08 per share when it actually produced earnings of $0.14, delivering a surprise of 75%.Over the last four quarters, the company has surpa ...