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Share Name Share Symbol Market Type Share ISIN Share Description
Carnival Plc LSE:CCL London Ordinary Share GB0031215220 ORD USD 1.66
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  6.60 0.44% 1,491.00 1,490.20 1,491.20 1,513.00 1,452.40 1,472.00 1,081,255 16:29:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 16,109.7 2,367.1 335.7 4.7 2,341

Carnival PLC Carnival Corp. to Operate up to 75% Capacity by Year End

20/07/2021 1:47pm

UK Regulatory (RNS & others)


 
TIDMCCL 
 
Carnival Corporation to Operate up to 75% of Fleet Capacity by End of 2021 
 
World's largest cruise company continues building momentum for restarting 
cruise vacations with announced sailings to date on 54 ships through end of 
2021 across eight of its world-leading cruise line brands - Carnival Cruise 
Line, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa 
Cruises, Cunard and P&O Cruises (UK) 
 
MIAMI, July 20, 2021 /PRNewswire/ --  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. 
 
Cautionary Note Concerning Factors That May Affect Future Results 
Some of the statements, estimates or projections contained in this document are 
"forward-looking statements" that involve risks, uncertainties and assumptions 
with respect to us, including some statements concerning our resuming of cruise 
operations in the US, Caribbean and Europe. These statements are intended to 
qualify for the safe harbors from liability provided by Section 27A of the 
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, 
as amended. All statements other than statements of historical facts are 
statements that could be deemed forward-looking. These statements are based on 
current expectations, estimates, forecasts and projections about our business 
and the industry in which we operate and the beliefs and assumptions of our 
management. We have tried, whenever possible, to identify these statements by 
using words like "will," "may," "could," "should," "would," "believe," 
"depends," "expect," "goal," "anticipate," "forecast," "project," "future," 
"intend," "plan," "estimate," "target," "indicate," "outlook," and similar 
expressions of future intent or the negative of such terms. 
 
Because forward-looking statements involve risks and uncertainties, there are 
many factors that could cause our actual results, performance or achievements 
to differ materially from those expressed or implied by our forward-looking 
statements. This note contains important cautionary statements of the known 
factors that we consider could materially affect the accuracy of our 
forward-looking statements and adversely affect our resuming of risk 
operations.  Such risks, uncertainties and factors include the risk factors 
discussed in Item 1A of our most recent Annual Report on Form 10-K and 
subsequent quarterly reports on Form 10-Q filed with the Securities and 
Exchange Commission ("SEC"). 
 
Forward-looking statements should not be relied upon as a prediction of actual 
results. Subject to any continuing obligations under applicable law or any 
relevant stock exchange rules, we expressly disclaim any obligation to 
disseminate, after the date of this document, any updates or revisions to any 
such forward-looking statements to reflect any change in expectations or 
events, conditions or circumstances on which any such statements are based. 
 
About Carnival Corporation & plc 
Carnival Corporation & plc is one of the world's largest leisure travel 
companies with a portfolio of nine of the world's leading cruise lines sailing 
to all seven continents. With operations in North America, Australia, Europe 
and Asia, its 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. 
 
Additional information can be found on www.carnivalcorp.com, www.carnival.com, 
www.princess.com, www.hollandamerica.com, www.seabourn.com, 
www.pocruises.com.au, www.costacruise.com, www.aida.de,  www.pocruises.com and 
www.cunard.com. 
 
CONTACT: Roger Frizzell, Carnival Corporation, rfrizzell@carnival.com, (305) 
406-7862; Mike Flanagan, LDWW, mike@ldww.co, (727) 452-4538 
 
 
 
END 
 
 

(END) Dow Jones Newswires

July 20, 2021 08:47 ET (12:47 GMT)

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