Shares of cruise ship company Carnival Corp. (NYSE: CCL) sank by 10.6% in January, according to data provided by S&P Global Market Intelligence. Other cruise and travel stocks performed comparably during most of the month. However, Carnival stock dropped more than its peers later in the month, signaling something specific to the company. The market was […]
RIO DE JANEIRO (AP) — Rio de Janeiro has declared a public health emergency because of an outbreak of mosquito-borne dengue fever, the city said in its official gazette on Monday, just days before Carnival celebrations kick off across Brazil. But the outbreak wasn’t expected to disrupt Carnival, which officially starts on Friday evening and […]
Two men were stranded at sea after their boat sank in the Gulf of Mexico. The boaters were found by crew members of the Carnival Jubilee cruise ship, according to a Jan. 29 news release from the cruise line. The men were inside a kayak that they used to stay afloat, the cruise line said. […]
Two men stranded on a kayak in the Gulf of Mexico were rescued by the Carnival Jubilee cruise ship on Monday. The cruise team spotted the men off the coast of Isla Mujeres, Mexico, on their scheduled route from Texas to the Western Caribbean, Carnival said in a press release. A stranded man is rescued in […]
After trudging through nearly two years of restricted travel during the pandemic, cruise ship operator Carnival Corporation (NYSE: CCL)(NYSE: CUK) just capped off its fiscal 2023 by setting some company records. As of Nov. 30, the company had customer deposits of $6.4 billion, a fourth-quarter record and 25% higher than its previous record. Indeed, record Q4 […]
Jan. 21—The Punahou Carnival will again be sans most large amusement rides when it returns Feb. 2-3, but organizers say “family friendly kiddie rides” and a thrill ride called “Zero Gravity” will be offered, along with the food, games, sales and special events that have been signature features of the carnival for decades. “Fresh malasadas, […]
Last year was one of recovery for Carnival Corp. (NYSE: CCL)(NYSE: CUK). The cruise line operator benefited from a resurgence in travel as it posted record numbers. Shares of the company rose by 130% last year as a result. But will that remain the case in 2024? Although business has been good, Carnival Corp. is […]
NEW ORLEANS (AP) — The countdown to Mardi Gras begins Saturday in New Orleans as Carnival season kicks off with dozens of costumed revelers and a brass band set to crowd onto a streetcar for a nighttime ride down historic St. Charles Avenue. Meanwhile, a walking club in the French Quarter will march in its […]
Carnival (NYSE: CCL)(NYSE: CUK) is back in business, and its stock returned to market-beater status in 2023. It ended the year up 130%, way ahead of the S&P 500‘s 24% gain. All systems are go, but can Carnival do a repeat in 2024? Probably not, because the size of the rebound has already been so […]
CCL_Sankey_Q42023 Cruise line stocks are in an interesting place at the end of 2023. On the one hand, demand is stronger than ever, as consumers are definitely back in “revenge travel” mode following the pandemic. Yet, on the other hand, inflation and higher interest rates are a big counterweight to the bull case, as all […]
carnival cruise line ship at sunset with lights on_Carnival_Cruise_Lines_CCL Fool.com contributor Parkev Tatevosian discusses why Carnival (NYSE: CCL) had such an excellent year in 2023 and answers if investors should still buy the travel stock for 2024. *Stock prices used were the afternoon prices of Dec. 20, 2023. The video was published on Dec. 22, […]
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Key Takeaways Carnival shares sailed higher on Thursday as the cruise operator posted record revenue and issued upbeat predictions for 2024. The company reported full-year adjusted net income of $1 million, making 2023 its first profitable year since the start of the pandemic. Shares of fellow cruise companies Norwegian Cruise Line and Royal Caribbean also […]