Home Featured Carnival is a Buy

 Carnival Corporation & plc (NYSE/LSE: CCL;NYSE: CUK), the world’s largest cruise company, today announced that it expects to resume guest cruise operations with 65% of its total fleet capacity by the end of 2021 across eight of its world-leading cruise line brands. Additionally, Carnival Cruise Line has announced plans that envision the brand’s entire fleet returning to service by the end of 2021, which would further increase Carnival Corporation’s total operating capacity to nearly 75% by the end of the year.

Eight of the company’s nine brands – AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, Princess Cruises, P&O Cruises (UK) and Seabourn – have announced plans to resume guest operations on 54 ships to date through the end of 2021, with nearly half of the capacity represented by ships homeported in the U.S. In addition to those ships previously announced by the company’s brands, Carnival Cruise Line’s intent to return to full fleet service in 2021 would add another nine vessels, totaling 63 ships to date that are expected to resume guest operations this year. Further brand restart announcements are expected in coming weeks, including resumption plans for more ships and itineraries for 2021.

Collectively, the brands are continuing to resume operations from ports around the world using a gradual, phased-in approach, including sailings in the U.S., Caribbean, Europe and Mediterranean, along with itineraries planned in Central America and to Antarctica, among others. The cruises include enhanced health protocols developed in conjunction with government and health authorities, and informed by guidance from the company’s public health, epidemiological and policy experts.

The following summarizes Carnival Corporation’s brand restart announcements to date through the end of 2021.

North America Brands:

  • Carnival Cruise Line resumed guest cruise operations with three ships to date sailing out of two U.S. ports, Galveston and Miami, and has announced its intent to have 15 ships in operation by the end of October and to have its entire fleet sailing by the end of the year.
  • Princess Cruises will resume guest cruise operations this weekend with its first ship sailing from Seattle to Alaska, and will expand with a series of cruises around UK coastal waters in late July, as well as cruises out of Los Angeles, San Francisco and Fort Lauderdale to the Caribbean, Panama Canal, Mexico, Hawaii and California coast in the fall, with eight total ships expected to be in operation by the end of the year.
  • Holland America Line will resume guest cruise operations this weekend with its first ship sailing from Seattle to Alaska, followed by sailings from Greece in August, and from Italy and Spain in September, as well as sailings to Mexico, Hawaii, the California coast and the Caribbean this fall for a total of six ships expected to be in operation by the end of the year.
  • Seabourn resumed guest cruise operations with two ships to date sailing from Greece and Barbados, and plans to begin the Antarctica season in November with a third ship.

Europe & Asia Brands:

  • Costa Cruises resumed guest cruise operations in May with sailings in Italy and Greece, and the line is now offering sailings to France and Spain, to be followed by sailings to Portugal and Turkey in September for a total of seven ships expected to be sailing in the Mediterranean by the end of the year.
  • AIDA Cruises resumed guest cruise operations in March sailing in the Canary Islands and in May with sailings in Greece and Germany. The line is now offering additional sailings out of Germany as well as upcoming sailings in Spain, Italy, Malta, the Netherlands and the Persian Gulf from late July to December for a total of nine ships expected to be in operation by the end of the year.
  • P&O Cruises (UK) resumed guest cruise operations with a series of summer sailings around UK coastal waters that started in June, and plans to expand to the Mediterranean, the Atlantic coast and the Caribbean starting in September for a total of four ships expected to be in operation by the end of the year.
  • Cunard will resume guest cruise operations in August with one ship sailing UK coastal cruises, followed by sailings to the Iberian coast and Canary Islands, and plans to expand with a second ship returning to service in November with a combination of transatlantic crossings and Caribbean cruises.

The additional voyages build on recent restarts from five of the company’s brands, including AIDA Cruises and Costa Cruises, which have been sailing in Europe since March and May, respectively, as well as its P&O Cruises brand in the UK. Most recently, the company’s Carnival Cruise Line brand resumed in early July from the U.S. along with its Seabourn brand, which restarted earlier this month in the Mediterranean and the Caribbean.

“With strong ongoing demand for cruising, we look forward to serving our guests with additional ships announced across eight of our brands and nearly three-quarters of our fleet capacity returning by the end of this year, marking an important milestone for our company and all those who rely on the strong economic impacts generated by the global cruise industry,” said Roger Frizzell, chief communications officer for Carnival Corporation.

Frizzell added: “For our entire company, our highest responsibility and top priority is always compliance, environmental protection, and the health, safety and well-being of our guests, our shipboard and shoreside employees, and the communities we visit. Our ongoing restart effort closely reflects those priorities, as we continue to work together across the industry and with partners around the world to resume cruising in the best interest of public health.”

In working with global and national health authorities and medical experts, as well as authorities in destination countries, the company’s brands have developed a comprehensive set of health and safety protocols for protection and mitigation across the entire cruise experience for its initial cruises. This includes cross-industry learnings and best practices based on the proven health and safety record of industrywide sailings, and input from top science and health experts and health authorities.

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.