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Category: Carnival Corporation & Cunard
Date: 17 June 2020 Carnival Corporation (CCL) stock price: $20.42 Carnival Corporation (CCL) luxury cruises brand Cunard has announced that it is suspending shipping cruise operations until at least the end of November 2020 due to the Covid-19 pandemic.
With many differing restrictions across countries, people's ability to move freely and safely across borders remains seemingly someway in the distance " |
About Carnival Cruises
Carnival Corporation & plc is the world’s largest leisure travel company and among the most profitable and financially strong in the cruise and vacation industries, with a portfolio of nine of the world’s leading cruise lines. We are also the largest cruise company, carrying nearly 45 percent of global cruise guests, and a leading provider of vacations to all major cruise destinations throughout the world. With operations in North America, Australia, Europe and Asia, our portfolio features Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard. Our portfolio of leading global, regional and national cruise brands that sell tailored cruise products, services and vacation experiences to the world’s most desirable destinations.
Together, the corporation’s cruise lines operate 104 ships with 249,000 lower berths visiting over 700 ports around the world, with 17 new ships scheduled to be delivered through 2025. Carnival Corporation & plc also operates Holland America Princess Alaska Tours, the leading tour company in Alaska and the Canadian Yukon. Traded on both the New York and London Stock Exchanges, Carnival Corporation & plc is the only group in the world to be included in both the S&P 500 and the FTSE 100 indices. At Carnival Corporation & plc, our highest responsibilities and our top priorities are to operate safely, to protect the environment, and to be in compliance everywhere we operate in the world. On this foundation, we aspire to deliver unmatched joyful vacations for our guests, always exceeding their expectations and in doing so driving outstanding shareholder value. We are committed to a positive and just corporate culture, based on inclusion and the power of diversity. We operate with integrity, trust and respect for each other — seeking collaboration, candor, openness and transparency at all times. And we intend to be an exemplary corporate citizen leaving the people and the places we touch even better.
Together, the corporation’s cruise lines operate 104 ships with 249,000 lower berths visiting over 700 ports around the world, with 17 new ships scheduled to be delivered through 2025. Carnival Corporation & plc also operates Holland America Princess Alaska Tours, the leading tour company in Alaska and the Canadian Yukon. Traded on both the New York and London Stock Exchanges, Carnival Corporation & plc is the only group in the world to be included in both the S&P 500 and the FTSE 100 indices. At Carnival Corporation & plc, our highest responsibilities and our top priorities are to operate safely, to protect the environment, and to be in compliance everywhere we operate in the world. On this foundation, we aspire to deliver unmatched joyful vacations for our guests, always exceeding their expectations and in doing so driving outstanding shareholder value. We are committed to a positive and just corporate culture, based on inclusion and the power of diversity. We operate with integrity, trust and respect for each other — seeking collaboration, candor, openness and transparency at all times. And we intend to be an exemplary corporate citizen leaving the people and the places we touch even better.
Interesting facts about Carnival Cruises
- Carnival Corporation is listed on the New York Stock Exchange under share code ticker: CCL
- Number of employees: 150 000
- Passengers Carried (in thousands) :12,900
- Passenger Capacity :249,000 lower births
- Number of Ships: 104
- Revenues in 2019: $20.825 billion
- Earnings per share in 2019: $4.32
- Shares in issue: 692 million
- Dividends paid per share in 2019: $2.00
- Stockholders equity in Carnival Corporation: $25.365 billion
- Stockholders equity per share: $36.65
Cunard Press release regarding extending pause of their cruise ship operations
MIAMI, June 9, 2020 /PRNewswire/ -- Luxury cruise line Cunard, announced today that, as a result of the continued impact of Covid-19, it will be extending the pause in operations.
For its ships Queen Mary 2 and Queen Victoria, Cunard is cancelling all sailings that were due to depart up to and including 1 November, 2020 and for Queen Elizabeth, departures up to and including the 23 November, 2020.
Cunard President, Simon Palethorpe, said, "With many differing restrictions across countries, people's ability to move freely and safely across borders remains seemingly someway in the distance. For Cunard, where we celebrate having a truly international mix of guests and sail all over the world, this becomes particularly impactful. We also need to better understand the implications Covid-19 will have on board our ships. We are therefore working, at the highest level possible, with government bodies, including the US Centers for Disease Control and Prevention - the CDC - and Public Health England, as well as the industry collective body – CLIA - and other expert medical professionals to review every aspect of a holiday with us."
He added: "Whilst we have always taken pride in having the highest levels of health and safety, we are looking at enhanced protocols across all aspects of ship life and experiences on shore. We will only return to service when we have a comprehensive restart protocol with the stamps of approval and accreditation from the most trusted and informed sources."
Cunard will be communicating with all guests, and their travel advisors, who are booked on affected voyages.
As Cunard has done previously during this pause period, guests who are booked on cancelled voyages will automatically be given a 125% Future Cruise Credit. This can be redeemed against any new booking made by the end of December 2021 on any voyage that's on sale at the time of booking.
For its ships Queen Mary 2 and Queen Victoria, Cunard is cancelling all sailings that were due to depart up to and including 1 November, 2020 and for Queen Elizabeth, departures up to and including the 23 November, 2020.
Cunard President, Simon Palethorpe, said, "With many differing restrictions across countries, people's ability to move freely and safely across borders remains seemingly someway in the distance. For Cunard, where we celebrate having a truly international mix of guests and sail all over the world, this becomes particularly impactful. We also need to better understand the implications Covid-19 will have on board our ships. We are therefore working, at the highest level possible, with government bodies, including the US Centers for Disease Control and Prevention - the CDC - and Public Health England, as well as the industry collective body – CLIA - and other expert medical professionals to review every aspect of a holiday with us."
He added: "Whilst we have always taken pride in having the highest levels of health and safety, we are looking at enhanced protocols across all aspects of ship life and experiences on shore. We will only return to service when we have a comprehensive restart protocol with the stamps of approval and accreditation from the most trusted and informed sources."
Cunard will be communicating with all guests, and their travel advisors, who are booked on affected voyages.
As Cunard has done previously during this pause period, guests who are booked on cancelled voyages will automatically be given a 125% Future Cruise Credit. This can be redeemed against any new booking made by the end of December 2021 on any voyage that's on sale at the time of booking.