Carnival Corp News

Carnival Corp cut its annual profit forecast on Friday, as higher fuel costs pressure the cruise operator's margins amid rising geopolitical tensions.Attacks on oil and transport facilities across the Middle East and disruptions to energy flows through the Strait of Hormuz, which carries about a fifth of global oil flows, since the Iran war outbreak, have disrupted global supply and pushed up oil prices.The spike threatens Carnival's profits as it is the only major U.S. cruise line that typically does not hedge fuel.Carnival expects full-year adjusted earnings per share to be about $2.21…

Cruise operators face choppy waters as rising oil prices lift fuel costs, with analysts warning Carnival Corp could take the biggest hit to its 2026 profit as it is the only major U.S. cruise line that does not hedge fuel.Oil prices have risen more than 35% since the beginning of the conflict in Iran, as attacks on oil and transport facilities across the Middle East and disruptions to energy flows through the Strait of Hormuz raised concerns about global supply.Brent futures crossed $100 per barrel on Friday, compared with $72.48 before the conflict began.

Norwegian Cruise Line Holdings forecast annual profit below Wall Street expectations, as demand for its higher‑priced voyages softened amid economic uncertainty and rising geopolitical tensions.Shares of Norwegian fell about 7% in premarket trading, mirroring a broader market selloff sparked by escalating conflict between the U.S. and Israel, and Iran.

Royal Caribbean forecast annual profit above Wall Street estimates on Thursday, supported by strong demand from affluent travelers and a solid start to a key booking season.Shares of Royal Caribbean jumped about 16% in early trading, as the cruise operator also forecast double-digit revenue growth in 2026.Royal Caribbean said the first weeks of Wave, the key January‑to‑March booking period when cruise operators roll out exclusive deals, were among its strongest ever, as well-heeled customers continue to prioritize sea-based vacations."WAVE is off to a great start…

Carnival Corp raised its annual profit forecast on Monday, leaning on strong demand and higher ticket prices for its cruise vacations to offset mounting costs.The cruise operator has been investing heavily to offer more unique and private experiences by expanding its portfolio to meet strong demand for exclusive destinations. These included a $600 million investment in Celebration Key, an ambitious private resort destination on Grand Bahama, to help maintain its competitive edge.Bundled packages…

Royal Caribbean raised its annual profit forecast on Tuesday, banking on resilient demand for its luxury destinations, even as the cruise operator faces pressure from higher fuel costs.The company forecast current-quarter profit below estimates, sending its shares down about 7% in early trading. The stock has gained about 53% this year.Escalating Israel-Iran tensions as well as a recently announced trade deal between the U.S.

Carnival Corp raised its annual profit forecast after beating second-quarter estimates on Tuesday, driven by the highest margins the company has achieved in nearly 20 years, sending its shares up almost 8% in morning trading.Sea-based vacations continue to be more affordable than land-based options, particularly for lower-income customers, Carnival said. This affordability has helped the company show "remarkable resilience amid heightened volatility," as more people are booking…

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, is advancing greater fuel efficiency for propulsion through hull designs and new hardware and technology, along with underwater drone inspection and cleaning trials.This work is done through complementary strategies focused on maximizing hydrodynamic performance and enhancing ongoing hull maintenance, which reduces a ship’s underwater drag. Here's a synopsis of the CCL strategy:Hull Designs: When selecting the optimal hull design…

As the Trump Administration sweeps through its first month in office with a torrent of restructuring in government, it seems even Mickey Mouse is fair game. Cruise operators which service the dominant U.S. cruise market routinely so-called ‘flags of convenience’ outside of the U.S., a provision that allows them to avoid taxation.In speaking with Fox News last night, and widely reported on multiple news outlets, Commerce Secretary Howard Lutnick reportedly suggested that the federal…

Nearly 19 million Americans are expected to go on cruise vacations this year, but passenger growth is likely to cool off after seeing a boom post pandemic, travel group AAA forecast on Monday.Passenger volume this year is projected to grow 4.5% from 2024, when 18.2 million Americans went on ocean cruises, according to the industry group. The increase is slower than the 7.7% rise last year and a solid 42% growth in 2023.Cruise operators were among the worst hit in the travel industry during the COVID-19 pandemic, but their recovery was sharp.

Flash back to March 2020, and cruise shipping as the global poster-child for COVID, with passengers stuck on ships in ports around the wordl, unable to leave as far more questions than answers lingered regarding the mysterious illness.Less than four years later, the global cruise ship industry is booming again, led by the world's largest, Carnival Corp, which forecast strong bookings for 2025 ahead of the busy summer travel season, riding the wave of strong spending on experiences even as prices increase, sending its shares up about 5% late last week.

Royal Caribbean lifted its annual profit forecast on Tuesday for the fourth time this year, driven by strong demand at higher prices for its voyages to private destinations, as well as its European and Alaskan vacations.Cruise operators have signaled that revenge travel - which boosted bookings following the pandemic lockdowns - has now been replaced by a growing shift among travelers to seek sea-based vacations.The company's shares rose about 1.3% in choppy morning trade, set to add to the 57% gain this year through Monday close.Royal Caribbean said demand for 2025 was strong…

Major cruise operators are steering their ships - and millions of dollars in investments - into their own private destinations packed with excursions, beaches, bars and restaurants.The phenomenon appears to have started with Royal Caribbean Group, which in 2019 opened "Perfect Day at CocoCay," an amusement park-like private destination in The Bahamas that has caught the eye of Wall Street.By operating their own private destinations on small Caribbean islands, Royal Caribbean and…

Carnival Corp raised its annual profit forecast for the third time on Monday and beat market expectations for third-quarter results, helped by strength in demand for cruise vacations as well as easing costs of operations.Cruise operators benefit from increased demand for vacations at sea during the summer, boosting an already robust year for the companies as more travelers opt for the cruise experience."Strong demand enabled us to increase our full-year yield guidance for the third time this year…

Carnival Corporation, the world's largest cruise company, announced on Tuesday that it has ordered a trio of ultra large cruise ships from Italian shipbuilder Fincantieri for its Carnival Cruise Line brand.At nearly 230,000 gross registered tonnes, and with capacity for nearly 8,000 passengers in 3,000 guest staterooms, the new ships will be the largest in Carnival's global fleet.The three liquefied natural gas (LNG)-fueled ships will be delivered in the summers of 2029, 2031 and 2033…

Residents near the port of Lisbon and elsewhere hope plug-in infrastructure can take some of the pain out of sharing their cities with cruise ships that belch out fumes while pleasure-seeking passengers see the sights.European Union rules designed to reduce carbon emissions have focused attention on the issue by setting a 2030 deadline for maritime ports to have installed the infrastructure ships need to use electricity rather than highly-polluting marine fuel when they are moored.Residents say switching to electricity could be a boon."It is as if a giant car had its engines on in front of us…

Carnival Corp raised its annual profit forecast on Tuesday for the second time this year, banking on higher prices for its itineraries and sustained demand for cruise holidays to destinations such as the Caribbean and Alaska.The company's U.S.-listed shares, which have fallen more than 11% this year, rose 4.3% to $17.05 in premarket trading.2024 has been a record year for cruise operators, with booking volumes hitting an all-time high as travelers continue to seek out newer experiences and fun activities at affordable rates…

Carnival Corp raised its annual profit forecast on Wednesday, anticipating a record year of bookings as the company benefits from a rise in people seeking cruise vacations for the first time.Cruise operators are recording all-time high booking rates as more travelers switch to cheaper sea-borne experiences over expensive land-based alternatives such as booking hotels or flights, providing them more room to raise prices.U.S.-listed shares of the company were flat in volatile trading.

Royal Caribbean Group has suspended cruise visits to Labadee, a secluded peninsula in Haiti, for the next seven days following months of escalating gang violence in the country, a senior company executive said in a Facebook post on Thursday.The company will continue the suspension as required with three days advance notice to guests sailing on impacted itineraries, Royal Caribbean International President and CEO Michael Bayley said.Violence by powerful armed gangs had gripped Haiti, causing thousands to flee their homes, after anti-government protests broke out early in February.The violent cl

Twelve mariners were rescued after a small cargo vessel capsized near the Dominican Republic.Carnival Corp said the crew aboard its cruise ship Carnival Vista rescued six from the water early Wednesday morning after the cargo vessel Two Brothers capsized about 30 miles north of Puerto Plata overnight.Carnival Vista’s officers under the direction of Captain Paolo Severini immediately altered the ship’s course, in coordination with Carnival’s Fleet Operations Center in Miami, when…

German shipbuilder Meyer Werft announced it has delivered Carnival Jubilee, the latest cruise ship for Carnival Cruise Line.The 183,200 GT ship is 345.4 meters long, 42 meters wide and can accommodate 5,374 passengers in 2,626 passenger cabins, plus 1,551 crew. It has 20 decks.The RINA-classed Carnival Jubilee has a wide range of entertainment options and numerous restaurants. The highlight on the upper deck is the "Ultimate Playground" with a waterpark including large slides and the "BOLT" roller coaster.The newbuild is the first ship for Carnival Cruise Line to be built in Papenburg.

Carnival Corp's Australian unit has been ordered to pay the medical expenses of a woman who contracted COVID-19, with a judge ruling that the cruise ship operator misled passengers about safety risks in a landmark class action ruling.The decision from Australia's Federal Court is the first class action win against a cruise ship operator in the world, according to Shine Lawyers, who represent about 1,000 Australian plaintiffs in the suit.Justice Angus Stewart found Carnival Australia…

German shipbuilder Meyer Werft has floated out its latest newbuild, a 183,200 GT cruise ship for Carnival Cruise Line.Carnival Jubilee left the yard's covered building dock on Friday and was moored at a pier in the shipyard harbor for outfitting. On Saturday, the ship briefly cast off from the pier for its bow thrusters and stabilizers could be tested.The RINA-classed ship is 344.5 meters long, with capacity for 5,228 passengers in 2,626 passenger cabins, plus 1,551 crew. It has 20 decks and an onboard roller coaster.Originally ordered for Carnival Corp.