Core Insights - Princess Cruises celebrated the New Year by unveiling its "Together in the Magic of Alaska" float at the 137th Rose Parade, highlighting the debut of its newest ship, Star Princess, for the 2026 Alaska season [1][7] Company Overview - Princess Cruises is recognized as the 1 cruise line in Alaska, with the 2026 season being its largest ever, featuring eight ships, 180 departures, and 19 destinations [7] - The Star Princess is a 177,800-ton vessel designed to accommodate 4,300 guests, showcasing advanced features such as The Dome and a sphere-shaped Piazza [6] Float Design and Features - The float, designed by Artistic Entertainment Services, is approximately 55 feet long and 21 feet high, adorned with over 300,000 flowers and natural materials, depicting Alaska's wildlife and scenery [3][2] - Floral elements include Blue Tweedia, representing Alaska's state flower, and various other authentic Alaskan florals, creating a lush representation of the state's natural beauty [5][2] Thematic Elements - The float's theme, "The Magic in Teamwork," reflects the dedication of Princess Cruises' 25,000 crew members who contribute to delivering exceptional travel experiences [4] - Performers danced to a reimagined version of "The Love Boat" theme song, connecting the float to the brand's legacy and its role in popularizing cruise vacations [5]

Core Insights - Princess Cruises is expanding its Caribbean offerings with the introduction of Celebration Key as a new destination starting November 1, 2026, as part of its 2027-28 season [2][5] - The new destination will feature a variety of activities and amenities designed for all ages, enhancing the overall cruise experience [3][7] Caribbean Program Highlights - The 2027-28 Caribbean program will include 31 ports from five homeports, marking the largest and most diverse offering to date [1][5] - Key features of the program include: - 187 departures on nine ships, including the inaugural homeport season for Star Princess from Port Canaveral [6] - 43 itineraries ranging from four to 15 days [6] - 31 destinations, including 13 UNESCO World Heritage Sites [6] - 22 unique islands across the Eastern, Western, and Southern Caribbean [6] - Five homeports, including a new one in Miami [6] Celebration Key Features - Celebration Key will offer over a mile of pristine shoreline, calm turquoise lagoons, and more than 30 dining and beverage options [7][12] - The destination will have five distinct areas catering to different guest preferences: - Paradise Plaza: The welcoming heart of Celebration Key [12] - Starfish Lagoon: Family-friendly area with one of the Caribbean's largest freshwater lagoons [12] - Calypso Lagoon: An adult-friendly lagoon with social spots and a swim-up bar [12] - Pearl Cove Beach Club: An adults-only escape featuring an infinity pool and premium dining [12] - Lokono Cove: A shopping village showcasing local artistry and Bahamian craftsmanship [12] Panama Canal Season Highlights - The 2027-28 Panama Canal season will continue to offer unique experiences, including: - 22 departures on five ships [6] - 21 destinations in nine countries, including seven UNESCO World Heritage sites [6] - More Ashore late-night stays in key locations like Cartagena and Aruba [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 Points - The Star Princess, the second Sphere-Class ship in the Princess Cruises fleet, was officially delivered at Fincantieri Shipyard in Monfalcone, Italy, marking the completion of its construction [1][2] - The ship will set sail for Barcelona ahead of its inaugural voyage, which is an 11-day Western Mediterranean cruise starting on October 4, 2025 [2][5] - Star Princess has a capacity of 4,300 guests and features 30 dining and bar venues, along with unique amenities such as The Sanctuary Collection, which offers an elevated private escape at sea [3][4] Company Overview - Princess Cruises is recognized as a leading cruise brand, known for delivering dream vacations to millions in sought-after destinations with a focus on elite service and personalization [7][8] - The company is part of Carnival Corporation & plc, which is a major player in the cruise industry [8] Ship Features - Star Princess boasts over 1,500 balcony staterooms, providing guests with panoramic views [4] - Notable venues on the ship include The Dome, The Arena, The Piazza, and Spellbound by Magic Castle, enhancing the onboard experience [4] Future Voyages - After its Mediterranean debut, Star Princess will transition to Caribbean voyages from Ft. Lauderdale starting November 7, 2025, followed by an inaugural Alaska season [5]

Core Insights - The Star Princess, the second Sphere-Class ship from Princess Cruises, is set to debut on October 4, 2025, after successful sea trials [1][2] - The ship is designed to reduce emissions and is powered by liquefied natural gas (LNG), marking a significant advancement in environmental sustainability for the cruise industry [2][5] - Star Princess will feature 30 dining and bar venues, advanced entertainment options, and luxurious accommodations, catering to 4,300 guests [5][6] Company Overview - Princess Cruises is recognized as a leading cruise brand, known for delivering exceptional vacation experiences across various global destinations [8] - The company is part of Carnival Corporation & plc, which is publicly traded on NYSE and LSE [8] Technical Features - The vessel is equipped with two Azipod propulsion units for enhanced maneuverability and efficiency, along with four controllable pitch bow thrusters [3] - Star Princess has a gross tonnage of 177,800 tons and includes over 1,500 balcony staterooms for panoramic views [5][6] Inaugural Season - The inaugural season will include voyages to the Mediterranean, Caribbean, Panama Canal, and Alaska, with bookings currently available [7]

Core Insights - Princess Cruises is launching a new entertainment lineup aboard its Sphere-class ship, Star Princess, set to sail on October 4, 2025, featuring original theatrical productions, immersive concerts, and global performances [1][12] Entertainment Offerings - The ship will host two original theatrical productions: "Meridian," a cinematic spectacle exploring themes of love and fate, and "Illuminate," a circus-themed show that reveals wonder in the unexpected [3][4] - "Viva La Música," a high-energy celebration featuring Latin music, returns with choreography by Liz Imperio, known for her work with major artists [6] - The entertainment extends beyond traditional theater, including vibrant deck soirées, themed events, and a reimagined champagne waterfall experience [7] Unique Venues - The Dome will feature the Princess Cruises Candlelight Concert Series, offering a unique blend of classical music and storytelling in a candlelit setting [8] - The Piazza will serve as a lively hub for performances, including "Princess Jamz," showcasing the talents of the Princess World Orchestra [10] Special Events - The Celestial Champagne Soirée will debut in the Piazza, combining multimedia elements with the iconic Champagne Waterfall, enhancing the onboard experience [11] Ship Specifications - Star Princess is designed to accommodate 4,300 guests and has a gross tonnage of 175,500 tons, built by Fincantieri [12]

Financial Performance & Outlook - The company achieved record full-year operating results in 2024[2, 11] - The company expects 20% earnings growth in 2025[2, 16] - The company anticipates hitting the 2026 SEA Change EBITDA target one year early[2, 16, 45] - Q4 2024 adjusted EBITDA reached $1.22 billion, exceeding the guidance of approximately $1.14 billion[12] - Full year 2024 adjusted EBITDA reached $6.1 billion, outperforming the December guidance of approximately $5.6 billion by $500 million[13] - Full year 2024 adjusted net income reached $1.9 billion, exceeding the December guidance of approximately $1.2 billion by $700 million[13] Demand & Bookings - Net yields in FY 2024 increased by 11% compared to 2023, outperforming the December guidance of approximately 8.5%[13] - Adjusted cruise costs excluding fuel per ALBD in FY 2024 decreased by 3.5% compared to 2023, outperforming the December guidance of approximately 4.5%[13] - Customer deposits reached a record of $6.8 billion in 4Q 2024[40] Debt Management - The company achieved approximately 2.5 turn net debt to adjusted EBITDA improvement in 2024[44] - Debt prepayments exceeded $3 billion[44]