Accessibility StatementSkip Navigation 70 Sailings on 13 Itineraries Departing from Los Angeles, San Francisco & Vancouver FORT LAUDERDALE, Fla., Oct. 16, 2025 /PRNewswire/ -- Princess Cruises announced its 2027-2028 West Coast season, offering travelers a collection of warm-weather escapes during the cooler months. From September 2027 through April 2028, eight Princess ships will sail 69 departures across 15 unique itineraries to Mexico, Hawaii, and the California Coast - with voyages ranging from four to ...

The Notes were not, and will not be, registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. Accessibility StatementSkip Navigation Proceeds from the offering of senior unsecured notes, together with cash on hand, to be used to redeem all of the outstanding 6.000% senior unsecured notes due 2029 MIAMI, Oct. 15, 2025 /P ...

Core Insights - Sapphire Princess has undergone a two-week drydock in Portland, Oregon, and is set to unveil new guest experiences, including the addition of two specialty restaurants, Makoto Ocean and Crown Grill, starting November 16, 2025 [1][2]. Group 1: New Dining Experiences - Makoto Ocean, featuring Edomae-style sushi by Chef Makoto Okuwa, replaces the former Internet Café on Deck 7, offering a premium menu with items like truffle salmon and toro tartare [2]. - Crown Grill, now located in the former Savoy Dining Room on Deck 5, is recognized as one of the "Best Cruise Ship Steakhouses at Sea," serving premium aged beef and seafood [3]. - Both dining experiences are priced at $60 per person and are included in the Princess Premier package [3]. Group 2: Upcoming Itineraries - Following its revitalization, Sapphire Princess will sail to Mexico, then reposition for South America/Antarctica cruises, and later for Mediterranean and Northern Europe voyages in spring and summer 2026 [4]. - In March 2027, Sapphire Princess will reunite with sister ship Diamond Princess in Japan for an extensive cruise season [5]. Group 3: Company Statements - Sami Kohen, Vice President of Food and Beverage at Princess Cruises, emphasized the enhancement of the culinary journey for guests aboard Sapphire Princess with the addition of the new dining options [6].

Core Insights - Sun Princess has been recognized as the 1 Mega Cruise Ship in the 2025 Condé Nast Traveler Readers' Choice Awards, marking its second consecutive year of receiving this honor, highlighting its exceptional service and innovative design [1][2] - The ship, launched in 2024, is the first of the Sphere-Class vessels, featuring a capacity of 4,300 guests and a weight of 177,882 tons, setting a new standard in the cruise industry [1][3] Company Highlights - Gus Antorcha, President of Princess Cruises, emphasized the award as a testament to the ship's next-generation design and the dedication of the crew, which enhances guest experiences [2] - The Readers' Choice Awards are a respected recognition program in the travel industry, with hundreds of thousands of votes cast annually by readers [2] Ship Features - Sun Princess offers unique features such as The Dome, a multi-level entertainment space, and Spellbound by Magic Castle, an immersive speakeasy experience [3] - The ship includes over 1,500 balcony staterooms and suites designed for comfort, featuring the exclusive Sanctuary Collection, which provides a private escape at sea [4] Entertainment and Dining - Standout venues on the ship include The Princess Arena, the most technologically advanced theater, and The Piazza, known for its dramatic architecture and ocean views [5] - Guests can enjoy 30 dining and bar venues, featuring high-end ingredients and a selection of premium liquors, including the Love Line Premium Liquors Collection [3][4] Future Developments - Princess Cruises plans to expand its fleet with the introduction of Star Princess, which recently set sail on its maiden voyage, further enhancing the guest experience [5][9]

Core Insights - Princess Cruises has launched its newest Sphere-Class ship, Star Princess, which is embarking on its inaugural voyage from Barcelona, marking a significant addition to the fleet [1][2] Ship Features - Star Princess is a 177,800-ton vessel with a capacity for 4,300 guests, featuring 30 dining and bar venues, luxurious accommodations, and elevated entertainment options [2][5] - The ship includes over 1,500 balcony staterooms, providing guests with panoramic views and exclusive amenities [5][8] Inaugural Voyage Details - The inaugural 11-day Western Mediterranean voyage runs from October 4 to October 15, 2025, with stops in Marseille, Rome, Naples, Sicily, Cartagena, and Gibraltar before returning to Barcelona [6] - Following the Mediterranean voyage, Star Princess will sail a transatlantic route before debuting in Fort Lauderdale for its Caribbean season and official naming ceremony on November 6, 2025 [6] Entertainment Offerings - New entertainment highlights include the return of the acclaimed show "Spellbound," original theatrical productions "Meridian" and "Illuminate," and a vibrant array of deck parties and themed events [7][4] - The ship features a new Candlelight Concert Series in the glass-enclosed Dome, enhancing the onboard entertainment experience [7] Culinary Experience - Guests can choose from 30 dining venues, including an expanded O'Malley's Irish Pub and a specialty dining space by artist Romero Britto, offering a diverse culinary experience [12] - The Love Line Premium Liquor Collection features curated wines and spirits from renowned celebrities, enhancing the onboard beverage offerings [12] Wellness and Recreation - Star Princess offers wellness options such as a two-story Lotus Spa, a fitness center, and a new sports court for activities like pickleball and basketball [12]

Core Points - Carnival Corporation has partnered with food banks and local leaders to donate fresh, ready-to-eat meals to communities in Mexico, Honduras, and the Dominican Republic, marking the first time a cruise company has established such agreements in Latin America [1][3] - The meal donation program is part of Carnival's "Less Left Over" strategy aimed at reducing food waste, now operating in 19 port destinations worldwide [2][7] - The program has successfully delivered over 300,000 unserved meals since its inception in 2017, with plans for further expansion [6] Summary by Sections Meal Donation Program - The program redirects surplus prepared and unserved meals from Carnival's ships to local partners for distribution to families in need, addressing food insecurity [2][6] - Agreements have been signed with food banks in Mexico, Honduras, and the Dominican Republic to facilitate meal distribution [1][5] Partnerships - In Mexico, an agreement with Bancos de Alimentos de Mexico will initiate a pilot program in Ensenada [3] - In Honduras, a partnership with Mayor Ron McNab will distribute meals to schools and hospitals in Roatán [4] - In the Dominican Republic, agreements with the Catholic Diocese of Puerto Plata and Banco de Alimentos República Dominicana will support meal distribution across Puerto Plata [5] Strategic Goals - The expansion into Latin America is aimed at giving back to the communities that host Carnival's guests and addressing local food insecurity [3] - The program is part of a broader initiative to minimize food waste while maintaining high-quality dining experiences for guests [7]

Core Viewpoint - Carnival Corporation is conducting a private offering of $1.25 billion in senior unsecured notes at a 5.125% interest rate, aimed at redeeming $2.0 billion of existing higher-interest notes due in 2029, as part of its strategy to reduce interest expenses [1][2]. Group 1: Notes Offering Details - The offering consists of $1.25 billion aggregate principal amount of 5.125% senior unsecured notes due 2029 [1]. - Proceeds from the offering, along with cash on hand, will be used to redeem the $2.0 billion 6.000% senior unsecured notes due 2029 [2]. - The Notes will pay interest semi-annually starting May 1, 2026, and will mature on May 1, 2029 [4]. Group 2: Transaction Structure - The Notes will be fully and unconditionally guaranteed on an unsecured basis by Carnival plc and certain subsidiaries [4]. - The transaction is expected to close on October 15, 2025, subject to customary closing conditions [3]. - The indenture governing the Notes will include investment grade-style covenants [2]. Group 3: Regulatory and Offering Information - The Notes are being offered only to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S [5]. - The Notes will not be registered under the Securities Act and may not be sold in the U.S. without registration or an exemption [6].

Core Insights - Carnival achieved a record net income of $1.9 billion, or $2 billion on an adjusted basis, marking an all-time high for the company [1] - The company reported a revenue of $8.2 billion in the fiscal third quarter, a 3% increase from the previous year, despite slightly lower capacity [2] - Carnival has delivered 10 consecutive quarters of record revenue and has consistently exceeded Wall Street profit targets for 12 straight reports [4] Financial Performance - The adjusted profit per share was $1.43, which was 9% above expectations, continuing a trend of positive surprises [1][6] - Carnival raised its guidance for adjusted earnings per share to $2.14, up from an initial target of $1.70 set in December [7] - The company experienced a 4.6% increase in net yields, another record high, contributing to the revenue growth [2][4] Market Reaction - Despite strong financial results, Carnival's stock fell 4% following the earnings report, indicating a disconnect between performance and market perception [5][6] - The year-over-year revenue growth of 3% was the weakest increase in over four years, raising concerns about Carnival's growth potential [12] - Analysts have adjusted profit targets higher post-report, indicating continued confidence in Carnival's future performance [13] Industry Context - The cruise line industry is recovering from significant challenges faced during the COVID-19 pandemic, with Carnival taking on debt to navigate the revenue-free phase [10] - Carnival's stock has risen nearly 60% over the past year, suggesting that the recent sell-off may be an overreaction [15] - The company is trading at less than 14 times this year's updated guidance, indicating potential value despite a debt-heavy balance sheet [16]

Core Points - Camila and Matthew McConaughey have been named godparents of the new Star Princess, continuing a tradition of iconic figures in the cruise industry [1][2] - The Star Princess is described as the most innovative ship in the Princess Cruises fleet, featuring a range of luxurious amenities and experiences [4][5] Company Overview - Princess Cruises is recognized as a leading cruise brand, known for delivering dream vacations and offering elite service across various sought-after destinations [9] - The company is part of Carnival Corporation & plc, which is publicly traded [9] Ship Details - The Star Princess has a capacity of 177,800 tons and can accommodate 4,300 guests, featuring 30 distinct dining and bar venues [4] - Unique offerings include The Sanctuary Collection, an adults-only pool deck, and a next-generation relaxation space called The Dome [4][5] - The ship will debut in the Mediterranean on October 4, 2025, and will subsequently operate Caribbean voyages starting November 7, 2025 [6] Brand Collaboration - The McConaugheys' Pantalones Organic Tequila will be featured in signature cocktails across the Princess fleet, including the popular 24K Gold Margarita [3]

Core Insights - Carnival Cruise Lines experienced significant stock volatility, initially rising by 6.1% before declining by 4.3% on the same day following its third-quarter earnings report [1][2] Financial Performance - In the third quarter, Carnival reported revenue of $8.12 billion, an increase of 3.3%, and adjusted non-GAAP earnings per share of $1.43, up 12.3%, both exceeding market expectations [3] - The company also improved several key metrics, including higher net yields and lower costs per available lower berth day, alongside an increase in adjusted EBITDA [3] Future Outlook - Carnival raised its full-year 2025 guidance across all financial metrics for the third consecutive quarter, contributing to initial stock appreciation [4][7] - However, the stock's decline was attributed to the announcement of plans to redeem all outstanding convertible notes totaling approximately $1.31 billion, which may involve equity issuance that could dilute current shareholders [4][5] Debt and Valuation - Carnival's market capitalization stands at $39.4 billion, with net debt around $25.4 billion, resulting in an enterprise value of approximately $64.8 billion and an EV/EBITDA ratio of 9.1, indicating a moderate valuation given its debt levels [8] - Management aims to reduce the debt-to-EBITDA ratio below 3, currently at 3.57, with the redemption of convertible notes expected to assist in this goal [9]