The Carnival Radiance cruise ship at the Avalon, California, harbor on May 19, 2023.Carnival announced Tuesday it would reroute cruise itineraries for a dozen ships scheduled to transit the Red Sea as tensions rise in the Middle East."Given recent developments and in close consultation with global security experts and government authorities, the company has made the decision to reroute itineraries for 12 ships across seven brands, which were scheduled to transit the Red Sea through May 2024," the cruise lin ...

Carnival Cruise Lines on Tuesday said its annual earnings will take a hit because it will have to reroute ships that were due to pass through the Red Sea due to ongoing terror attacks by Yemen-based Houthis.The Florida-based company has joined a growing list of firms that have been forced to move their ships away from the key transit route linking Asia and Europe as the Houthis step up attacks on Israeli vessels or ships heading towards Israel in solidarity with the Palestinians.On Monday, Houthi rebels sa ...

Also redeems all remaining second lien debt MIAMI, Jan. 30, 2024 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) is committed to the safety and well-being of its guests and crew and has been actively monitoring the situation in the Red Sea and surrounding region. Given recent developments and in close consultation with global security experts and government authorities, the Company has made the decision to reroute itineraries for 12 ships across seven brands, which were scheduled to tr ...

New Video Shows How Exclusive Grand Bahama Destination Unlocks Portals That Feature a Variety of Unique and Authentic ExperiencesMIAMI, Jan. 30, 2024 /PRNewswire/ -- The new cruise destination everyone is buzzing about is getting a closer look as Carnival Cruise Line today revealed further details of Celebration Key™, the new exclusive destination on Grand Bahama designed to offer guests a key for unlocking their type of paradise. Carnival Cruise Line revealed more details of Celebration Key™, the new ex ...

Since investing is forward-thinking, it's important to consider where a stock is going to be in the future before putting down any money. Even if a company is reporting sales growth right now, can you be reasonably confident it can continue for the foreseeable future?Carnival Corporation (CCL -3.89%) is the leading global cruise company, and it's had an interesting few years, to say the least. After plummeting during the pandemic, the stock gained 130% in 2023. Let's see where it could go over the next thre ...

VALENCIA, Calif., Jan. 25, 2024 /PRNewswire/ -- In 2024, Cunard Showcases will transport you to worlds of discovery through the power of live performances.With a spectacular line-up of critically acclaimed shows, exclusive to Cunard, this new program of entertainment is the first of its kind at sea, in collaboration with award-winning theatre producers, directors, writers, choreographers, and performers. Get involved in solving a mystery with the “Cluedo! The Interactive Game” Alongside shows in the Ro ...

Passenger Capacity and Operations - Carnival Corporation & plc carried 12.5 million passengers in 2023, a significant increase from 7.7 million passengers in 2022, reflecting a recovery in operations post-COVID-19[52] - The company expects passenger capacity to grow to 270,070 by 2024, up from 263,300 in 2023, indicating a 2.9% increase year-over-year[35] - In 2023, the company achieved a passenger capacity of 263,300, up from 259,060 in 2022, marking a 0.9% increase[35] - In 2023, Carnival Corporation & plc carried a total of 12,460 thousand passengers, a significant increase from 7,730 thousand in 2022, representing a growth of approximately 61%[53] - The North America and Australia segment accounts for 62% of total passenger capacity, with Carnival Cruise Line alone contributing 31%[38] - The Caribbean itinerary accounted for 33% of passenger capacity in 2024, up from 31% in 2023, while the Mediterranean decreased from 15% in 2023 to 14% in 2024[54] Fleet and Construction - Carnival Corporation & plc has four cruise ships under construction, expected to be delivered through 2025, enhancing its fleet capacity[40] - The company operates a diverse portfolio of cruise brands, including Carnival Cruise Line, Princess Cruises, and Holland America Line, catering to various consumer preferences[32] Financial Performance and Strategy - The company aims to strengthen its balance sheet and deliver long-term shareholder value by generating record levels of cash from operations and responsibly reducing debt over time[30] - Carnival Corporation & plc's brands represent approximately 80% of the cruise industry capacity, competing with major players like Royal Caribbean and Norwegian Cruise Line[37] - In 2023, onboard and other revenues contributed 34% of total cruise revenues, including accommodations, meals, entertainment, and shore excursions[59] Marketing and Advertising - In 2023, Carnival Corporation & plc increased its marketing and advertising efforts significantly after a reduction during the pandemic, focusing on digital performance marketing[64] Sustainability and Environmental Commitment - The company is committed to sustainability, investing in technology upgrades and fleet improvements to reduce its environmental footprint[29] - The company has implemented a Safety Management System (SMS) that includes health and security procedures, emergency response protocols, and environmental protection policies[119] - The company adheres to ISO 14001 standards for environmental management, ensuring compliance with international environmental regulations[122] - The IMO's global 0.5% sulfur cap for marine fuel, effective January 2020, is being implemented alongside the EU's similar directive[129] - Advanced Air Quality Systems are installed on most ships, helping to mitigate financial impacts from emissions regulations[131] - The company is committed to net zero emissions by 2050, with a focus on developing new technologies and alternative fuels[162] - The company has achieved a 14.0% GHG intensity reduction on an ALB-km basis relative to the 2019 baseline, and a 35.4% reduction relative to 2008[159] - The company has removed hundreds of millions of single-use plastic items from the fleet, achieving its 2021 goal of 50% reduction[160] - The company is on track to achieve 100% cage-free eggs and responsible chicken sourcing by the end of 2025, with 55% and 34% sourced respectively in fiscal year 2023[160] Cybersecurity and Data Privacy - Carnival Corporation & plc's cybersecurity programs are continuously evolving to address increasing threats, with a dedicated Chief Information Security Officer overseeing these efforts[82] - The company emphasizes data privacy and security, with standards in place to protect personal information in compliance with applicable laws and regulations[83] - In 2023, penalties and settlements related to cyber incidents were not material for the company[84] Taxation and Compliance - The effective tax rate for Costa and AIDA's earnings not eligible for the Italian tonnage tax regime was 4.8% in 2023 and 2022[102] - The company believes that its U.S. source income is currently exempt from U.S. federal income and branch profit taxes due to its operations in international transportation[92] - The company expects the annual impact of the OECD's 15% minimum tax rules to be approximately $200 million, potentially affecting them in 2026[104] - The company is subject to various U.S. state income taxes based on its U.S. source income, with Alaska imposing an income tax on its allocated portion[97] Climate Risk Management - The Chief Climate Officer (CCO) and the Boards of Directors oversee climate-related risks and opportunities, supported by executive management[177] - A Strategic Risk Evaluation (SRE) Committee was established in 2022, consisting of executive management members, to assist the CCO in managing climate-related risks[178] - The SRE Committee held five meetings in 2023, providing quarterly updates to the Boards on climate-related matters[179] - Identified climate-related risks include increased costs from climate regulations and the inability to meet climate requirements, impacting access to capital[183] - Transition risks are considered the most significant, particularly regarding the shift to a low-GHG emissions future[186] - The company has set 2030 Climate Action Goals and is monitoring progress against these targets[181] Employee and Crew Welfare - Carnival Corporation & plc employed an average of 92,000 shipboard employees in 2023, with 56% of shipboard employees represented by collective bargaining agreements[72][73] - The company has implemented shipboard employee well-being standards, including preventive health offers and mental health support[159] Future Initiatives and Goals - The company plans to open a new exclusive cruise port destination, Celebration Key, in 2025, which will accommodate two of its largest ships simultaneously[62] - The company has conducted a climate study for port development projects to enhance climate resilience, which was approved for investment[203] - The company has set a goal to achieve a 50% reduction in unit food waste per person by 2030 as part of its Circular Economy 2030 Goals[200] - The company is investing in projects to improve energy efficiency, with a premium of $75 to $100 per metric ton added to fuel costs for GHG emissions reduction[201]

The Clean Everglades, the newest member of the Seaside LNG fleet, is an articulated tug barge that holds 5,500 cubic meters of LNG. It made its first delivery last week at TOTE Maritime’s terminal near Jacksonville, Florida as part of a long-term contract. (Photo: Business Wire)The Clean Everglades, the newest member of the Seaside LNG fleet, is an articulated tug barge that holds 5,500 cubic meters of LNG. It made its first delivery last week at TOTE Maritime’s terminal near Jacksonville, Florida as part o ...

Cruise line recorded more bookings Jan. 16 than on any day in its 150-year historySEATTLE, Jan. 24, 2024 /PRNewswire/ -- Just six months after recording its largest booking day, Holland America Line surpassed that mark Jan. 16, 2024, to set a new single-day sales record. The Jan. 16 bookings topped the previous record from July 11, 2023, by 18%, making it the biggest sales day in the 150-year history of Holland America Line. Westerdam in Glacier Bay, Alaska. (PRNewsfoto/Holland America Line) The cruise ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metr ...