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MarketScreener Homepage  >  Equities  >  Nyse  >  Carnival Corporation & Plc    CCL   PA1436583006

CARNIVAL CORPORATION & PLC

(CCL)
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Carnival & : Princess Cruises Announces Extension of Pause of Operations in Australia until End of May 2021

10/28/2020 | 08:47am EST

SANTA CLARITA, Calif., -- Due to the uncertainty about when international travel restrictions might be lifted, Princess Cruises is extending its pause in operations for cruises departing from Australia and New Zealand through May 31, 2021.

Guests will receive a refundable Future Cruise Credit (FCC) equivalent to 100% of the cruise fare paid plus an additional non-refundable bonus FCC equal to 25% of the cruise fare paid. To receive the above FCCs, no action is required by the guest or their travel advisor.

Alternatively, guests can forfeit the bonus FCC offer and request a refund for all money paid on their booking by using this online form. Guests have until November 30, 2020, to elect a refund, or they will automatically receive the default offer listed above.

Princess will protect travel advisor commissions on bookings for cancelled cruises that were paid in full, in recognition of the critical role they play in the cruise line's business and success.

The most current information and instructions for booked guests affected by these cancellations, and more information on FCCs and refunds, can be found online at?Information on Impacted & Cancelled Cruises.??

About Princess Cruises:

One of the best-known names in cruising, Princess Cruises is an international premium cruise line and tour company operating a fleet of 15 modern cruise ships, carrying two million guests each year to 380 destinations around the globe, including the Caribbean, Alaska, Panama Canal, Mexican Riviera, Europe, South America, Australia/New Zealand, the South Pacific, Hawaii, Asia, Canada/New England, Antarctica and World Cruises. A team of professional destination experts have curated 170 itineraries, ranging in length from three to 111 days and Princess Cruises is continuously recognized as 'Best Cruise Line for Itineraries.' In 2017 Princess Cruises, with parent company Carnival Corporation, introduced MedallionClass Vacations enabled by the OceanMedallion, the vacation industry's most advanced wearable device, provided free to each guest sailing on a MedallionClass ship. The award-winning innovation offers the fastest way to an effortless personalized vacation giving guests more time to do the things they love most. The company is part of Carnival Corporation & plc (NYSE/LSE: CCL; NYSE:CUK).

SOURCE Princess Cruises

Media Contacts:media@princesscruises.com, Tel: +1 661-753-1530, Negin Kamali, nkamali@princesscruises.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 6 039 M - -
Net income 2020 -8 526 M - -
Net Debt 2020 18 073 M - -
P/E ratio 2020 -1,58x
Yield 2020 2,70%
Capitalization 22 910 M 22 910 M -
EV / Sales 2020 6,79x
EV / Sales 2021 4,98x
Nbr of Employees 150 000
Free-Float 65,2%
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 17
Average target price 16,77 $
Last Close Price 19,98 $
Spread / Highest target 25,1%
Spread / Average Target -16,1%
Spread / Lowest Target -49,9%
EPS Revisions
Managers
NameTitle
Arnold W. Donald President, Chief Executive Officer & Director
Micky Meir Arison Chairman
Josh Weinstein Chief Operating Officer
David Bernstein Chief Financial & Accounting Officer
Gregory A. Sullivan Chief Information Officer
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