Wednesday, October 20, 2021
Monday, October 4, 2021
Carnival Plans Loan Sale to Refinance Costly Pandemic Bonds
By Davide Scigliuzzo (Bloomberg) — Carnival Corp. is taking another stab at replacing expensive bonds sold at the onset of the pandemic with a new $1.5 billion loan. The cruise ship...
Friday, September 24, 2021
Posting Latest Quarterly Loss, Carnival Says Bookings for 2022 Second Half Above Pre-Pandemic Levels
ept 24 (Reuters) – Carnival Corp said on Friday cruise bookings for the second half of 2022 were ahead of pre-pandemic levels, in a sign the cruise operator expects a...
Wednesday, July 21, 2021
Carnival Selling $2.4 Billion Bond to Buy Back Costly Debt
By Paula Seligson (Bloomberg) — Carnival Corp. is selling $2.4 billion of new junk bonds to refinance debt the cruise ship company took on last year, when it was forced to...
Friday, June 25, 2021
Thursday, June 24, 2021
Carnival Adds Over $2 Billion to Pandemic Losses with Eye on ‘Full Return’
Carnival Corporation, the world’s top cruise company, reported another $2.1 billion in losses in the second quarter as it prepares for a phased restart of global cruise operations. Carnival said...
Wednesday, June 23, 2021
Return to Cruising: Carnival Announces Sailings for 42 Ships
Carnival Corporation has announced plans to resume cruise operations for eight of its brands in the United States, the Caribbean and Europe. The sailings involve the return of 42 ships...
Tuesday, June 22, 2021
World’s Largest Cruise Company Announces New Sustainability Goals
The world’s largest cruise company is aiming to become carbon neutral by 2050. Carnival Corporation on Tuesday announced new medium- and long-term sustainability goals which includes reducing the carbon footprint...
Thursday, April 29, 2021
Cruise Shares Rise as CDC Outlines Quicker Path to Sailing’s Return
By Jonathan Levin (Bloomberg) — Cruise shares advanced after the U.S. Centers for Disease Control and Prevention outlined a new path to the resumption of voyages. According to the new guidance...
Thursday, April 8, 2021
Fed Up Cruise Lines Ditching U.S. Threatens to Divert Some $56 Billion in Economic Impact
By Fran Golden (Bloomberg) — The U.S. Centers for Disease Control and Prevention offered a rare glimmer of hope for the cruise industry this week, with the agency saying in a statement to Bloomberg that...
Wednesday, April 7, 2021
Carnival Corporation Reports Cruise Bookings are Surging
By Jonathan Levin and Molly Smith (Bloomberg) — Carnival Corp.’s bookings are accelerating, reflecting pent-up demand for cruising even as the industry remains essentially on hold. In a quarterly update Wednesday,...
Tuesday, March 16, 2021
Arnold Donald Predicts Difficult Years Ahead For Cruise Lines
by Kanishka Singh (Reuters) – Carnival Corp ($CCL) Chief Executive Arnold Donald has said that shrinking its fleet due to the pandemic will slow its full recovery until 2023, as cruise lines battle...
Monday, February 15, 2021
Monday, January 11, 2021
Carnival Corp. Reports Nearly $2 Billion Quarterly Loss as Cruise Cancellations Weigh
Jan 11 (Reuters) – Carnival Corp reported a bigger-than-expected preliminary fourth-quarter net loss on Monday as the cruise operator’s business was brought to a virtual standstill by the COVID-19 pandemic....
Monday, December 14, 2020
Incoming Biden Administration Faces Early Test with Cruise Shipping’s Return
By Lars Erik Taraldsen and Michael Smith (Bloomberg) — The Norwegian cruise line Hurtigruten Group was ready to show the world that ships could be made safe from Covid-19. It outfitted...
Wednesday, November 18, 2020
Tuesday, November 10, 2020
Carnival May Sell $1.5 Billion in Stock After Vaccine Rally
By Jonathan Levin (Bloomberg) –Carnival Corp. filed to sell as much as $1.5 billion in stock, joining at least one other travel-related company in taking advantage of Monday’s rally on...
Friday, October 30, 2020
Royal Caribbean Reports Negative Revenue As COVID19 Brings Gigantic Losses
By John J. Edwards III and Jonathan Levin (Bloomberg) Royal Caribbean Cruises Ltd. reported negative revenue for the third quarter, a rare occurrence among major companies that illustrates the devastating...
Thursday, October 1, 2020
CDC Director Warns That Cruise Ship Travel Exacerbates The Spread Of COVID19
by John Konrad (gCaptain) Today Dr. Robert Redfield, director of the US Centers for Disease Control (CDC), announced in a new report that cruise ship travel exacerbates the global spread of COVID19...
Thursday, September 24, 2020
For Carnival, ‘Death on the High Seas Act’ Protects the Bottom Line
By Christopher Yasiejko (Bloomberg) –Carnival Corp. is poised to dramatically curb monetary damages for passengers killed by the coronavirus under the latest court decision to side with the company. If...
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