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Carnival Corporation & plc Provides a Business Update Carnival Corporation & plc President and Chief Executive Officer Arnold Donald noted “We have come full circle from initiating a suspension in the early days of the pandemic, to transitioning the fleet into a pause…
THIRD QUARTER 2020 SUMMARY PRELIMINARY FINANCIAL INFORMATION •U.S. GAAP net loss of $(2.9) billion for the third quarter of 2020, which includes $0.9 billion of non-cash impairment charges. •Third quarter 2020 adjusted net loss of $(1.7) billion. •Cash burn rate…
UPDATE 7/13: The total for those ships leaving the fleet are roughly $1 billion. The way it will break down is they will sell 13 ships but will only lose 11 from the global fleet. The two other ships will…
SECOND QUARTER 2020 SUMMARY PRELIMINARY INFORMATION U.S. GAAP net loss of $(4.4) billion, or $(6.07) diluted EPS, for the second quarter of 2020, which includes $2.0 billion of non-cash impairment charges. Second quarter 2020 adjusted net loss of $(2.4) billion, or $(3.30) adjusted EPS. Total revenues for the second…
Carnival Corporation & plc disclosed summary financial information for the quarter ended February 29, 2020, in connection with previously disclosed financing activities to improve its liquidity position. First Quarter 2020 Summary Information U.S. GAAP net loss of $(781) million, or…
Carnival Corporation announced it’s intent to borrow approximately $3 billion over six months to increase it’s cash position. This will serve as working capitol and to be used for general expenses. (From Carnival Corp) Due to the spread and recent developments,…
Carnival Corporation & plc announced financial results for the full year and fourth quarter ended November 30, 2019 and provided an outlook for the full year and first quarter 2020. Key Highlights Full Year 2019 • U.S. GAAP net income…
During an internal corporate review of Italian brand Costa Crociere, it was announced that they will see a fleet makeover soon. In November last year it was announced that the Costa Atlantica and Costa Mediterranea will leave their fleet for…
Carnival Corporation & plc announced financial results for the third quarter ended August 31, 2019 and provided an outlook for the full year, fourth quarter 2019 and 2020. Key Highlights U.S. GAAP net income of $1.8 billion, or $2.58 diluted EPS, for the third…
Today brings us two updates on the massive renovations going on in PortMiami. The first is that MSC finally got approval on what will actually be two different terminals right next to each other. Called Terminal AA and AAA, they’re…
I recently had the chance to board the Carnival Dream in Galveston. While I was touring the vessel, I took the opportunity to photograph the ship for a comprehensive tour. This review will cover the public areas and staterooms. All…
Just wanted to share these photos and videos because we may not see something like this for a while. The 133,500gt Carnival Vista has been loaded onto the 116,173dwt Boka Vanguard (ex-Dockwise Vanguard) heavy lift ship. She’s now moored at…
When the Mardi Gras debuts in 2020, she’ll be the first Excellence-class vessel for Carnival Cruise Lines. As she is a clean sheet design for them, they’re really able to enhance the dining experience onboard. CLICK TO VIEW MARDI GRAS…
Carnival Corporation & plc announced financial results for the second quarter ended May 31, 2019 and provided guidance for the third quarter and full year 2019. Key Highlights U.S. GAAP net income of $451 million, or $0.65 diluted EPS, for the second quarter of…
UPDATE 6/4: Carnival Corp. will pay a fine of $20 million. (Basically a slap on the wrist.) In the courtroom today, CEO Arnold Donald stated that they will fix the problems and initiate a plan in order to do so.…
Carnival Corp. has been in the news quite a bit the last two weeks. The main story floating around concerns comments made by a US District Judge for the Southern District of Florida. That hearing was taking place to report…
Archived Live Blog: a year agoApril 9, 2019 Greg Dragonetti And that’s it. Thank’s for following. a year agoApril 9, 2019 Greg Dragonetti Duffy: We have more to come since we have alot of room to play with on this…
Carnival Corporation & plc announced U.S. GAAP net income of $336 million, or $0.48 diluted EPS, for the first quarter of 2019. First quarter 2019 adjusted net income of $338 million, or $0.49 adjusted EPS, compared to adjusted net income…
UPDATE [Feb 6, 2019]:The ship will be renamed Piano Land. She will be sailing for a new cruise line called Well Star Travel Cruise. As stated below it’s a joint venture between China Travel Services (providing sales) and COSCO (providing…
UPDATE:The Mardi Gras complete deck plans have been released. Also here are her inaugural itineraries. Her maiden voyage will set sail from Copenhagen on 8/31/2020 and sail to Kiel, Germany; Gothenburg, Sweden; Oslo, Norway; Rotterdam, Netherlands; Zeebrugge, Belgium; Le Havre,…
Editors note: Keep an eye on the 2019 outlook. They’re forecasting net income to be a bit flat this year due to rising bunker costs and unfavorable conversion rates. As of Friday morning their stock dropped $9 from two days ago.…
Slowly but surely we’re getting more and more details of Carnival’s newest flagship, the Mardi Gras. Today, they announced that it will feature the first ever roller coaster at sea called the BOLT. The track will be built by Munich-based…
Carnival Cruise Lines announced that their first Excellence-class ship will be named Mardi Gras. That was the name of Carnival’s very first ship when she set sail in 1972. That Mardi Gras (ex-Empress of Canada) sailed until 1993 and was…
I recently had the chance to board the Carnival Magic in Miami. While I was touring the vessel, I took the opportunity to photograph the ship for a comprehensive tour. This review will cover the public areas and staterooms. All…
Carnival Cruise Lines celebrated the steel cutting for their first LNG ship of the XL-class, which is heavily rumored to be named Carnival Reflection. They also released an updated render that shows them painting the ships hull partially blue. They’re…