What type of company is Carnival?

cruise operator
Carnival Corporation & plc is a British-American cruise operator with a combined fleet of over 100 vessels across 10 cruise line brands. A dual-listed company, Carnival is composed of two companies – Panama-incorporated, US-headquartered Carnival Corporation, and UK-based Carnival plc – which function as one entity.

What is Carnival Corporation known for?

Carnival Corporation & plc is the world’s largest leisure travel company with 87 ships sailing under 9 brands including Princess, famously known as the line of the Love Boat, and Cunard which built the world’s biggest ocean liner at the time, Queen Mary 2, even boasting a planetarium on board.

What sector is Carnival cruise in?

leisure travel company
Carnival Corporation is a leisure travel company.

What companies does Carnival Corporation own?

The company’s portfolio of global cruise line brands includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.

Who is carnival owned by?

Carnival Corporation & plc
Carnival is one of ten cruise lines owned by the world’s largest cruise ship operator, the American-British Carnival Corporation & plc. In 2021, Carnival Cruise Line was estimated to hold a 7.6% share of cruise industry revenue and 18.2% of passengers.

How many ships does Carnival own?

The World’s Most Popular Cruise Line®

Carnival Cruise Line, also known as America’s Cruise Line, is a leader in contemporary cruising and operates 23 ships designed to provide fun and memorable vacation experiences at a great value.

What is the highest Carnival stock has been?

Historical daily share price chart and data for Carnival since 1989 adjusted for splits. The latest closing stock price for Carnival as of October 05, 2022 is 7.43. The all-time high Carnival stock closing price was 66.19 on January 29, 2018.

Is Carnival a publicly traded company?

Carnival Corporation common stock is traded on the New York Stock Exchange under the symbol CCL.

Are Carnival shares a good buy?

CCL’s stock price did rise by +12% post-results release on June 24, 2022, due to the strong growth in bookings and occupancy for the recent quarter. But Carnival stock isn’t a Buy despite the year-to-date stock price correction and better-than-expected Q2 FY 2022 operating metrics.

Is Carnival going out of business?

No, Carnivals not likely to go bankrupt. It still has $7 billion in liquidity on its balance sheet as of the most recent quarters end, which should tide it over for a few more quarters.

Does Carnival own Disney cruises?

Carnival Cruise Lines bought the official cruise line of Walt Disney World on Monday in a $372 million deal. The purchase of Premier Cruise Lines adds a fourth brand-name to Carnival’s stable of ship lines. Carnival bought two other firms, Holland America Lines and Windstar Sail Cruises, in 1989.

How many Carnival Cruise ships have sank?

Has a Carnival cruise ship ever sank? No, but it came close. Ten years ago, the Costa Concordia, which was owned by a subsidiary of Carnival Corporation, slammed into a reef and capsized off the Tuscan island of Giglio, killing killed 32 passengers and crewmembers.

Is Carnival making money?

For years, Carnival was a steady business, which in a normal year 2019 generated $20.8 billion in revenues from managing operating multiple cruise liners, on which it posted operating earnings of $3.3 billion and earnings of $3.0 billion.

How much debt does Carnival have?

Carnival long term debt for the quarter ending May 31, 2022 was $29.263B, a 12.69% increase year-over-year. Carnival long term debt for 2021 was $28.509B, a 28.83% increase from 2020.
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Compare CCL With Other Stocks.
Carnival Annual Long Term Debt (Millions of US $)
2019$9,675
2018$7,897
2017$6,993
2016$8,302

Who is the largest cruise ship company?

Carnival Corporation & plc
World’s Leading Cruise Lines is a part of Carnival Corporation & plc, the largest cruise vacation company in the world. Our goal is to help guests experience the best vacation possible by visiting the most desirable destinations at an outstanding value across all 9 brands.

Is Carnival losing money?

Carnival Corporation “missed earnings” for Q3 this morning, reporting a $0.65-per-share loss. The company also warned that it will lose money in Q4. Q4 bookings appear to be below historical levels.

How much money does Carnival have?

Carnival cash on hand for the quarter ending May 31, 2022 was $7.205B, a 22.28% decline year-over-year. Carnival cash on hand for 2021 was $9.139B, a 3.93% decline from 2020.
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Compare CCL With Other Stocks.
Carnival Annual Cash on Hand (Millions of US $)
2020$9,513
2019$518
2018$982
2017$395

How much does Carnival make each cruise?

Based on the 2019 reports, in a typical year Carnival Corporation earns a net income of $232 per passenger. That’s the lowest of the major companies. Royal Caribbean sees $291 per passenger. Norwegian Cruise Line Holdings Ltd.

Why did Carnival shares drop?

Carnival stock was tumbling Thursday after the company said it would sell $1 billion of new stock just months after raising $1 billion dollars by selling bonds. Carnival stock has dropped 12.5% to $9.69 a share in early trading. The company is selling the new shares at $9.95.

Why is Carnival stock down so much?

Shares of Carnival fell below their pandemic lows Friday after the cruising company posted third-quarter earnings that revealed higher costs. Shares of Norwegian and Royal Caribbean were also lower. Friday’s losses knock about $2.5 billion off Carnival’s market value.