Carnival Corporation & plc (NYSE/LSE: CCL;NYSE: CUK), the world’s largest cruise company, today released its second quarter business update and though there was plenty of red ink splashing around, investors liked the rest of what Carnival had to say enough to give the company’s stock a boost that saw the company’s share up by over 11% as of 2.30 p.m. today.
Other cruise shares also went up in Carnival’s slipstream, with both Norwegian Cruise Lines Holdings (NYSE: NCLH) and Royal Caribbean...
Carnival Corporation & plc (NYSE/LSE: CCL;NYSE: CUK), the world’s largest cruise company, reports that, effective August 1, current president and CEO Arnold Donald, is being appointed vice chair and member of the boards of directors. Josh Weinstein (age 48), currently chief operations pfficer for the company, will assume the president and CEO role.
“Josh is a proven executive who is well-respected throughout the company, serving in key leadership roles, driving strong business results during his...
https://www.marinelog.com/passenger/cruiseships/carnival-corporation-announces-leadership-change/
Shares in Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), were up this morning as the cruise giant released a third quarter earnings update which showed some encouraging trends.
Though the company reported a U.S. GAAP net loss of $2.8 billion and adjusted net loss of $2.0 billion for the third quarter, it ended the quarter with $7.8 billion of liquidity, which it believes is sufficient to return to full cruise operations.
As of August 31, 2021, eight of the company’s nine brands had...
https://www.marinelog.com/shipping/cruising/carnival-voyages-already-cash-flow-positive/