Surging oil prices are hammering cruise stocks at the worst possible moment, and one major operator carrying $15 billion in debt and a CEO who admitted the company's problems are largely self-inflicted may be running out of room to absorb…
Oil’s run to a five-month high is landing hardest on cruise operators, whose ships burn fuel that ranks among their largest operating costs. Norwegian Cruise Line Holdings (NYSE:NCLH | NCLH Price Prediction) stock is off by 6%, trading at $14.67. That’s the biggest loss among the major U.S. cruise lines and a fresh blow to Norwegian shares, which are now down 33% year to date (YTD).
Meanwhile, Royal Caribbean Group (NYSE:RCL) stock is at $275.17, down 4%, marking a smaller slide than Norwegian’s. Carnival Corporation (NYSE:CCL) shares are down 4% to $25.92, matching Royal Caribbean’s decline. With a market value of $6.74 billion, Norwegian stock trails either rival by a wide margin.
Energy producers are trading in the opposite direction. The Energy Select Sector SPDR ETF (NYSEARCA:XLE) is up 2% to $68.90, lifting its gain to 57% YTD. That’s important because energy-market dynamics can have a direct impact on cruise stocks.
Broader stocks are lower, with the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) down 0.6% to $759.69. So, what’s weighing on cruise stocks now?
Iran Tensions Send Crude to a Five-Month High Crude oil reached a five-month high on concerns that the U.S. conflict with Iran could flare up again. The WTI crude oil price stands at $102.32 per barrel, up 2.86% over the past 24 hours. That level lifts the fuel bill that cruise operators pay to run their ships.
Fuel is one of the largest operating costs for Norwegian, Royal Caribbean and Carnival, so higher oil prices weigh on all three at once. The U.S. Energy Information Administration reported in May that the de facto closure of the Strait of Hormuz sent Brent to a high of $138 per barrel on April 7. At the pump, regular gasoline averaged $4.28 a gallon nationally as of October 19.
Norwegian’s Turnaround Meets a Fuel Squeeze Norwegian entered this oil spike already under pressure. In Q2 2026, the company’s fuel price per metric ton net of hedges rose to $888 from $659 a year earlier. Management also lowered full-year guidance at the time, cutting its adjusted EPS outlook to approximately $1.50.
A biggest balance sheet adds to the strain at Norwegian, where net leverage stood at 5.3x on $15 billion of total debt in Q2. Demand is the bigger worry at Norwegian, with Q3 2026 net yield guided down 8.9% in constant currency. John Chidsey, CEO at the time of the July 30 earnings call, stated that “the vast majority of our problems are self-inflicted.”
Cost cuts give Norwegian some relief. The company’s second-quarter adjusted EPS of $0.48 topped the $0.34 estimate. Executives identified another $100 million in annualized savings on top of $125 million announced previously.
Top-line growth adds a bright spot for Norwegian. Revenue at Norwegian rose 4.9% year over year to $2.64 billion in Q2, driven by added capacity days. That mix of solid execution and rising fuel bills leaves the case for Norwegian shares balanced between genuine progress and fresh risk.
Norwegian’s Third-Quarter Report Puts Fuel Costs to the Test Royal Caribbean and Norwegian report third-quarter results next week. Norwegian’s report could show whether its cost outlook holds up against higher fuel prices. The open variable for the Energy Select Sector SPDR ETF is the durability of crude’s rally, since the fund’s gains rest on the same move that’s hurting cruise stocks.
Riding this crude rally without a plan for the exit is the risk, and we laid out both sides, how to profit while it runs and when to step away, in a free handbook here: The Bubble Survivor’s Handbook.
This setup leaves Norwegian stock with the largest decline among the major cruise lines and a turnaround that management described in July as being in its “early stages.” Leadership expects newer savings initiatives to have limited impact on 2026 results, so investors weighing their exposure to NCLH stock need to scale their holdings carefully given Norwegian’s near-term dependence on demand and fuel trends.
Contact [email protected] for any questions or corrections.
, /PRNewswire/ -- Carnival Corporation Ltd. (NYSE: CCL) (the "Company") has announced that its board of directors has declared a dividend of $0.15 per share.
The Company's board of directors approved a record date for the quarterly dividend of November 6, 2026, and a payment date of November 27, 2026.
About Carnival Corporation
Carnival Corporation is the largest global cruise company and among the largest leisure travel companies, with a portfolio of world-class cruise lines – AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises and Seabourn. Carnival Corporation trades under the ticker symbol CCL on the NYSE and is included in the S&P 500.
For more information, please visit www.carnivalcorp.com, www.aida.de, www.carnival.com, www.costacruises.com, www.cunard.com, www.hollandamerica.com, www.pocruises.com, www.princess.com and www.seabourn.com.
To learn more about Carnival Corporation's purpose and our commitment to sustainability, go to Our Impact.
Sought-After Premium Experience Brings Exclusive Spaces, Elevated Dining, Personalized Service and All-Inclusive Amenities to More Princess Guests FORT LAUDERDALE, Fla., Oct. 22, 2026 /PRNewswire/ -- Princess Cruises today announces plans to expand its sought-after exclusive resort-style experience at sea, Sanctuary Collection, across five of its Royal Class ships, bringing the brand's most elevated and personalized vacation experience to more guests around the world.
Collection showcases the iconic experiences that have shaped the Holland America Line Alaska journey for nearly eight decades
, /PRNewswire/ -- As Holland America Line prepares to celebrate 80 years of exploring Alaska in 2027, the cruise line is unveiling Alaska Heritage Tours, a collection of iconic experiences that connect today's guests with the earliest days of Holland America in the Great Land. Select tours trace their roots back 80 years, giving guests the opportunity to experience many of the same places and traditions travelers did generations ago. While the experiences have been thoughtfully modernized over the decades to reflect evolving guest interests and expectations, they remain true to their heritage, offering an authentic connection to Alaska's history, culture and communities.
Voyages that begin or end in Whittier provide access to Heritage Tours that highlight the natural beauty of Southcentral Alaska.
McKinley Explorer Railroad – Journey through Alaska’s interior aboard the glass-domed train that connects guests with some of the state’s most spectacular scenery.
White Pass Summit Scenic Railroad – Follow the historic route of the Klondike Gold Rush through the mountains above Skagway. Available on select cruises and Cruisetours, Alaska Heritage Tours highlights some of the experiences that have become enduring favorites among Holland America Line guests. From the historic White Pass & Yukon Route Railroad, which traces a route first forged during the Klondike Gold Rush, to the Riverboat Discovery, where travelers have long explored Alaska's interior by river, the collection showcases experiences that remain as relevant and inspiring today as they were when Holland America Line first began exploring Alaska nearly 80 years ago.
"One of the most remarkable things about Alaska is that many of the experiences travelers seek out today are the very same ones that first inspired visitors decades ago," said Carole Biencourt, vice president, onboard revenue, Holland America Line. "As we approach our 80th season in the region, we're proud that the experiences featured in our Alaska Heritage Tours collection have been part of the Holland America Line journey since our earliest explorations of Alaska in the 1940s. While these tours have evolved over the years, they continue to offer guests an authentic connection to Alaska's landscapes, wildlife and communities, which is what has made them enduring favorites for so long."
The Alaska Heritage Tours collection spans the many ways travelers have explored Alaska throughout Holland America Line's history in the region. With more than three dozen tours to choose from, the collection highlights experiences that connect guests with Alaska's railways, glaciers, wildlife, wilderness and national parks, reflecting the landscapes and adventures that have defined the destination for generations.
Featured Alaska Heritage Tours include:
McKinley Explorer Railroad – Journey through Alaska's interior aboard the glass-domed train that connects guests with some of the state's most spectacular scenery. White Pass Summit Scenic Railroad – Follow the historic route of the Klondike Gold Rush through the mountains above Skagway. Mendenhall Glacier Explorer – Experience one of Alaska's most iconic glaciers from the heart of Juneau. Kenai Fjords National Park Cruise – Cruise among tidewater glaciers while searching for whales, sea otters and other marine wildlife. Denali Tundra Wilderness Tour – Venture deep into Denali National Park for opportunities to spot Alaska's iconic wildlife and sweeping tundra landscapes. Guests can read more about the full collection of Alaska Heritage Tours here.
Celebrating 80 years of exploring Alaska
For 80 years, Holland America Line has helped guests experience Alaska through immersive itineraries and enriching experiences that connect them more deeply with the destination. Eight decades in Alaska have led to a collection of experiences designed to bring guests closer to the wildlife, wilderness, glaciers and cultures of the Great Land. Today, that legacy includes:
More than 200 shore excursions ranging from whale watching and bear viewing to glacier discoveries, cultural encounters and wilderness adventures. Expert insight throughout the journey from National Park Service rangers, Alaska Up Close presentations, onboard experts, and local and Native voices who share perspectives on the region's history, wildlife and cultures. Iconic glacier experiences featuring destinations such as Glacier Bay, Hubbard Glacier, Dawes Glacier, Tracy Arm and College Fjord, including the cruise line's Alaska Glacier Guarantee™. Destination Dining™ inspired by the region with fresh Alaska seafood, the Alaska Brunch, Alaska Seafood Boil, and other dishes and beverages that showcase local flavors. Exclusive inland exploration opportunities, including a private wilderness lodge and overnight journeys into Dawson City, Yukon, offering deeper connections to Alaska and the North. Itinerary highlights
Guests can experience Heritage Tours on a variety of Alaska cruises and Cruisetours, including:
Alaska Cruisetours, including Denali and Yukon itineraries: Offering the most extensive access to the Alaska Heritage Tours collection, all Cruisetours include a journey aboard the glass-domed McKinley Explorer as well as either the Denali Natural History Tour or Denali Tundra Wilderness Tour. Select itineraries expand those experiences with Heritage Tour options in Seward or Fairbanks. Yukon Cruisetours further showcase Alaska's transportation heritage with a ride aboard the historic White Pass & Yukon Route Railroad, pairing two of the collection's signature rail experiences in a single journey. Alaska Explorer and Inside Passage itineraries: With calls in Juneau, guests can choose from several ways to experience Mendenhall Glacier, one of Alaska's most-visited natural attractions. 28-Day Legendary Alaska Arctic Circle: Offering access to a broad range of Alaska Heritage Tours, this extended voyage features calls in Haines, Valdez and Anchorage. Glacier Discovery itineraries: Voyages that begin or end in Whittier provide access to Heritage Tours that highlight the natural beauty of Southcentral Alaska. The Alaska Heritage Tours collection is now open for booking on select 2027 Alaska cruises and Cruisetours.
For more information about Holland America Line's shore excursions or to book a cruise, consult a travel advisor, call 1-877-SAIL HAL (877-724-5425) or visit hollandamerica.com.
Find Holland America Line on Facebook, Instagram and the Holland America Blog. You can also access all social media outlets via the home page at hollandamerica.com.
About Holland America Line
Holland America Line has been exploring the world for more than 150 years with expertly crafted itineraries, extraordinary service and genuine connections to the destinations. Offering a perfectly-sized ship experience, its fleet of 11 vessels visits nearly 400 ports in 114 countries around the world and has shared the thrill of Alaska for nearly 80 years — longer than any other cruise line. In 2029, Holland America Line will welcome a 12th ship to its fleet. Savour the Journey isn't just a tagline, it's a reinforcement that the cruise line provides experiences too good to hurry through, connecting travelers to the world and each other. Award-winning enrichment programming, entertainment and cuisine that brings each locale on board, including a revolutionary Global Fresh Fish Program, put Holland America Line at the forefront of premium cruising. Holland America Line is part of Carnival Corporation, the world's largest cruise company with a portfolio of cruise lines operating in over 800 ports & destinations worldwide. (NYSE: CCL).
Earth & Ocean, a culinary philosophy by Seabourn, combines local inspiration, global gourmet ingredients and culinary exploration at sea and ashore
Key Highlights
Earth & Ocean philosophy pairs locally inspired menus with exceptional gourmet ingredients selected from around the world.Guests will encounter regional flavors through onboard dining and other programming at sea and ashore.Earth & Ocean continues Seabourn's commitment to craftsmanship, personalized service and excellence from preparation to plating.Earth & Ocean expands a Seabourn restaurant concept introduced in 2018 into a culinary philosophy across the fleet., /PRNewswire/ -- Seabourn today announced the launch of Earth & Ocean, a culinary philosophy that combines global gourmet ingredients with the line's longstanding commitment to destination-inspired dining. The philosophy will shape menus, programming and experiences across each ship, bringing together local flavors, exceptional gourmet ingredients and personalized service through culinary exploration at sea and ashore.
Earth & Ocean is centered on the idea of connecting guests to a destination through what is sourced, served and shared. It builds on Seabourn's longstanding commitment to destination-inspired dining, expanding the ways guests can experience a destination through food and beverage.
The philosophy takes its name from Seabourn's Earth & Ocean restaurant, introduced in 2018 with rotating menus based on fresh and locally available ingredients. The concept has since evolved beyond the restaurant to influence dining, culinary programming and experiences throughout the fleet and ashore.
"Our Earth & Ocean philosophy was shaped by guest feedback about the experiences they value most: exceptional food, personalized service, locally inspired cuisine and meaningful connections to the destinations they visit," said Michael Stendebach, Seabourn's Senior Vice President, Guest Experience & Product Development. "We saw how strongly our guests embraced our Earth & Ocean restaurant and built on that feedback by expanding the concept into a fleetwide culinary philosophy that brings together local flavors, global gourmet ingredients, destination-inspired experiences and the art of dining with Seabourn."
Pairing Local Flavors with Global Gourmet Ingredients
Earth & Ocean balances two complementary priorities: reflecting the destinations Seabourn visits and seeking excellence wherever it is found.
Menus will feature regional specialties, seasonal produce and culinary traditions alongside gourmet ingredients sourced from around the world for their quality, flavor and craftsmanship. In The Restaurant, menus will feature "Chef's Market Finds," highlighting local ingredients from the regions in which each ship is sailing. Examples of regional dishes include Fresh Lingcod with Buttered Spinach, Arugula & Green Apple in Alaska, Pink Snapper with Truffled Spaghetti Squash in Australia and New Zealand, and Fresh Arctic Char with Fingerling Potatoes & Lemon-Butter Caper Sauce in Northern Europe. Together, these create dining experiences that reflect both the character of a destination and Seabourn's culinary standards.
The philosophy takes a broader approach to gourmet dining, looking beyond traditional luxury ingredients to fresh ingredients, thoughtful presentation, skilled preparation and attention to detail. Seabourn's guest research identified these elements as central measures of food and service, while destination-inspired cuisine appealed broadly across guest groups.
Exploring the Terroir of the Land and the Merroir of the Sea
Earth & Ocean explores two important principles that help explain the connection between place and flavor: terroir and merroir, representing the unique characteristics of food from land and sea.
In Alaska, mineral-rich glacial waters help shape the character of wild salmon and king crab. Across the Mediterranean, olive groves, coastlines and generations of culinary tradition influence everything from seafood preparations to regional oils and wines. These connections between place and flavor help tell the story of each destination through food.
Culinary Exploration at Sea and Ashore
Earth & Ocean will extend beyond restaurant menus over the course of the next year through chef-led experiences, market visits and the introduction of other programming designed to connect guests with local food cultures. Guests will also encounter destination-inspired dining experiences being introduced across the fleet, including regional scenic cruising brunches, regional seafood boils, refreshed Patio menus, fresh pasta and an enhanced caviar program. These experiences will allow guests to explore the flavors, traditions and people that help define each destination.
The Art of Dining with Seabourn
Earth & Ocean also incorporates the elements that define dining with Seabourn. Menus are carefully curated, dishes are prepared with a commitment to excellence from preparation to plating, and each experience is supported by personalized service and attention to detail.
"Our guests consistently tell us that culinary is a critical part of the travel experience and that personalized service is at the heart of the Seabourn experience," said Kacy Cole, chief marketing officer of Seabourn. "Our new Earth & Ocean philosophy brings those priorities together through thoughtfully crafted menus, exceptional ingredients, destination-inspired flavors and the warmth that Seabourn is known for."
Looking Ahead
Earth & Ocean establishes the foundation for Seabourn's continued culinary evolution. Additional menus, programming and destination-focused experiences will be introduced across the fleet and ashore, with further details to be announced.
More information about Seabourn's Earth & Ocean philosophy is available HERE.
For more details about Seabourn, or to explore the worldwide selection of Seabourn cruising options, call Seabourn at 1-800-929-9391, visit www.seabourn.com, or contact a professional travel advisor.
About Seabourn:
Seabourn represents the pinnacle of luxury ocean and expedition travel and operates a fleet of five modern ships. The all-inclusive, boutique ships offer all-suite accommodations with oceanfront views; award-winning dining; complimentary premium spirits and fine wines available at all times; renowned service provided by an industry-leading crew; a relaxed, sociable atmosphere that makes guests feel at home; a pedigree in expedition travel through the Ventures by Seabourn program and two luxury purpose-built expedition ships, including Seabourn Venture that launched in 2022 and Seabourn Pursuit in 2023. Seabourn takes travelers to every continent on the globe, visiting more than 400 ports including marquee cities and lesser-known ports and hideaways. Guests of Seabourn experience extraordinary offerings and programs, including partnerships with leading entertainers, dining, personal health and wellbeing, and engaging speakers.
Seabourn is part of Carnival Corporation, the world's largest cruise company with a portfolio of cruise lines operating in over 800 ports & destinations worldwide. (NYSE: CCL).
Find Seabourn on X, Facebook, Instagram, YouTube and Pinterest.
Its stylish, distinctive cruising vacations are renowned for:
The original small-ship experience designed to feel like a private yacht All ocean-front suites, most with a private veranda Anticipatory and personalized service that is warm but not stuffy A culinary experience inspired by the journey, with locally sourced ingredients, globally inspired menus, and expertly curated wines Gratuities included, so everything feels seamless from the start Complimentary Signature Events, from Caviar in the Surf®, Caviar on the Ice to Shopping with the Chef Seabourn Conversations®, our flagship enrichment program bringing leading thinkers and cultural voices onboard for intimate, thought-provoking dialogueCurated itineraries that take you beyond the expected—accessing hidden harbors, picturesque ports and off-the-beaten path discoveriesIMAGES HERE
View original content to download multimedia:https://www.prnewswire.com/news-releases/seabourn-introduces-a-culinary-philosophy-bringing-destinations-to-life-through-food-flavor-and-discovery-302914220.html
Cruise stocks are surging together while energy shares slip, and the gap between those two moves tells a story about what it actually costs to sail a massive fleet across the ocean.
Cruise stocks are rallying as a group, with the industry’s largest operators climbing in close step while energy shares are drifting lower. Norwegian Cruise Line Holdings (NYSE:NCLH | NCLH Price Prediction) stock is up 3% to $15.70 this afternoon.
Similarly, Royal Caribbean Group (NYSE:RCL) shares are up 3% to $289.20, matching the gain in Norwegian shares. Carnival (NYSE:CCL) stock is climbing 3% to $27.17, completing a nearly identical move across the cruise group. That kind of consistent move often signals a shift in sentiment toward an entire industry.
Meanwhile, the Energy Select Sector SPDR ETF (NYSEARCA:XLE) is down 0.2% to $67.67; that worth noting as cruise stocks can be moved by energy-sector headlines. For a broad-market check, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 0.3% to $768.82. Against that modest broad-market gain, cruise stocks stand out sharply as the XLE ETF is slipping.
Cruise Lines Move as One Group Norwegian, Royal Caribbean and Carnival shares are rising in close step. When the largest operators in an industry trade within a narrow band of one another, the move usually reflects a shared view of the business they compete in. For cruise stocks, that shared view centers on travel demand, booking strength, onboard spending and the cost of running large fleets at sea.
Royal Caribbean stock carries by far the highest share price of the group, while Norwegian and Carnival shares trade at a fraction of that level, and matching moves at such different price points mark Norwegian, Royal Caribbean and Carnival shares as one trade.
Carnival reported its Q3 FY2026 results on September 29, and cruise stocks rallied that day. Carnival CEO Josh Weinstein spoke on the results. In the announcement, he stated, “Our booking trends continued to strengthen throughout the quarter, with volumes meaningfully ahead of last year and far outpacing capacity growth.” That earnings report gave Carnival, Royal Caribbean and Norwegian shareholders their most recent detailed read on cruise demand from a major operator, and its tone was positive.
For cruise lines, fuel ranks among the largest operating costs, which makes the slip in the XLE ETF a relevant background for the rally, as ships burn large volumes of fuel on every itinerary and energy prices feed straight into what it costs Norwegian, Royal Caribbean and Carnival to sail. The energy dip and cruise rally move side by side. The connection between them runs through operating costs that shape how much of each fare reaches the bottom line.
Different Fleets, Same Direction Royal Caribbean favors toward newer, larger ships and premium pricing, a strategy built around higher fares for its top vessels. Carnival runs the largest fleet across several mass-market brands, giving it reach among a wide range of travelers. Demand shifts tend to surface in results at Royal Caribbean and Carnival alike, given their shared reliance on vacation spending.
Norwegian is the smallest of the group and carries the most debt relative to its size. Heavier leverage can make Norwegian stock more sensitive to swings in demand or financing costs, in either direction. Seeing Norwegian shares keep pace with Royal Caribbean and Carnival stock shows the group bid reaching even the most leveraged of the major cruise names.
Norwegian’s Report Is the Next Test Traders should be patient here. Norwegian will soon see whether its upcoming quarterly report confirms the demand the group’s rally assumes.
A sector-wide move can lift a more leveraged name alongside stronger rivals, and company results often pull apart cruise stocks that trade together. Until that report arrives, investors can keep their position sizes in Norwegian stock moderate.
Contact [email protected] for any questions or corrections.
Earth & Ocean, a culinary philosophy by Seabourn, combines local inspiration, global gourmet ingredients and culinary exploration at sea and ashore
Key Highlights
Earth & Ocean philosophy pairs locally inspired menus with exceptional gourmet ingredients selected from around the world.
Guests will encounter regional flavors through onboard dining and other programming at sea and ashore.
Earth & Ocean continues Seabourn's commitment to craftsmanship, personalized service and excellence from preparation to plating.
Earth & Ocean expands a Seabourn restaurant concept introduced in 2018 into a culinary philosophy across the fleet.
, /PRNewswire/ -- Seabourn today announced the launch of Earth & Ocean, a culinary philosophy that combines global gourmet ingredients with the line's longstanding commitment to destination-inspired dining. The philosophy will shape menus, programming and experiences across each ship, bringing together local flavors, exceptional gourmet ingredients and personalized service through culinary exploration at sea and ashore.
Seabourn
Earth & Ocean is centered on the idea of connecting guests to a destination through what is sourced, served and shared. It builds on Seabourn's longstanding commitment to destination-inspired dining, expanding the ways guests can experience a destination through food and beverage.
The philosophy takes its name from Seabourn's Earth & Ocean restaurant, introduced in 2018 with rotating menus based on fresh and locally available ingredients. The concept has since evolved beyond the restaurant to influence dining, culinary programming and experiences throughout the fleet and ashore.
"Our Earth & Ocean philosophy was shaped by guest feedback about the experiences they value most: exceptional food, personalized service, locally inspired cuisine and meaningful connections to the destinations they visit," said Michael Stendebach, Seabourn's Senior Vice President, Guest Experience & Product Development. "We saw how strongly our guests embraced our Earth & Ocean restaurant and built on that feedback by expanding the concept into a fleetwide culinary philosophy that brings together local flavors, global gourmet ingredients, destination-inspired experiences and the art of dining with Seabourn."
Pairing Local Flavors with Global Gourmet Ingredients
Earth & Ocean balances two complementary priorities: reflecting the destinations Seabourn visits and seeking excellence wherever it is found.
Menus will feature regional specialties, seasonal produce and culinary traditions alongside gourmet ingredients sourced from around the world for their quality, flavor and craftsmanship. In The Restaurant, menus will feature "Chef's Market Finds," highlighting local ingredients from the regions in which each ship is sailing. Examples of regional dishes include Fresh Lingcod with Buttered Spinach, Arugula & Green Apple in Alaska, Pink Snapper with Truffled Spaghetti Squash in Australia and New Zealand, and Fresh Arctic Char with Fingerling Potatoes & Lemon-Butter Caper Sauce in Northern Europe. Together, these create dining experiences that reflect both the character of a destination and Seabourn's culinary standards.
The philosophy takes a broader approach to gourmet dining, looking beyond traditional luxury ingredients to fresh ingredients, thoughtful presentation, skilled preparation and attention to detail. Seabourn's guest research identified these elements as central measures of food and service, while destination-inspired cuisine appealed broadly across guest groups.
Exploring the Terroir of the Land and the Merroir of the Sea
Earth & Ocean explores two important principles that help explain the connection between place and flavor: terroir and merroir, representing the unique characteristics of food from land and sea.
In Alaska, mineral-rich glacial waters help shape the character of wild salmon and king crab. Across the Mediterranean, olive groves, coastlines and generations of culinary tradition influence everything from seafood preparations to regional oils and wines. These connections between place and flavor help tell the story of each destination through food.
Culinary Exploration at Sea and Ashore
Earth & Ocean will extend beyond restaurant menus over the course of the next year through chef-led experiences, market visits and the introduction of other programming designed to connect guests with local food cultures. Guests will also encounter destination-inspired dining experiences being introduced across the fleet, including regional scenic cruising brunches, regional seafood boils, refreshed Patio menus, fresh pasta and an enhanced caviar program. These experiences will allow guests to explore the flavors, traditions and people that help define each destination.
The Art of Dining with Seabourn
Earth & Ocean also incorporates the elements that define dining with Seabourn. Menus are carefully curated, dishes are prepared with a commitment to excellence from preparation to plating, and each experience is supported by personalized service and attention to detail.
"Our guests consistently tell us that culinary is a critical part of the travel experience and that personalized service is at the heart of the Seabourn experience," said Kacy Cole, chief marketing officer of Seabourn. "Our new Earth & Ocean philosophy brings those priorities together through thoughtfully crafted menus, exceptional ingredients, destination-inspired flavors and the warmth that Seabourn is known for."
Looking Ahead
Earth & Ocean establishes the foundation for Seabourn's continued culinary evolution. Additional menus, programming and destination-focused experiences will be introduced across the fleet and ashore, with further details to be announced.
More information about Seabourn's Earth & Ocean philosophy is available HERE.
For more details about Seabourn, or to explore the worldwide selection of Seabourn cruising options, call Seabourn at 1-800-929-9391, visit www.seabourn.com, or contact a professional travel advisor.
About Seabourn:
Seabourn represents the pinnacle of luxury ocean and expedition travel and operates a fleet of five modern ships. The all-inclusive, boutique ships offer all-suite accommodations with oceanfront views; award-winning dining; complimentary premium spirits and fine wines available at all times; renowned service provided by an industry-leading crew; a relaxed, sociable atmosphere that makes guests feel at home; a pedigree in expedition travel through the Ventures by Seabourn program and two luxury purpose-built expedition ships, including Seabourn Venture that launched in 2022 and Seabourn Pursuit in 2023. Seabourn takes travelers to every continent on the globe, visiting more than 400 ports including marquee cities and lesser-known ports and hideaways. Guests of Seabourn experience extraordinary offerings and programs, including partnerships with leading entertainers, dining, personal health and wellbeing, and engaging speakers.
Seabourn is part of Carnival Corporation, the world's largest cruise company with a portfolio of cruise lines operating in over 800 ports & destinations worldwide. (NYSE: CCL).
Find Seabourn on X, Facebook, Instagram, YouTube and Pinterest.
Its stylish, distinctive cruising vacations are renowned for:
The original small-ship experience designed to feel like a private yacht
All ocean-front suites, most with a private veranda
Anticipatory and personalized service that is warm but not stuffy
A culinary experience inspired by the journey, with locally sourced ingredients, globally inspired menus, and expertly curated wines
Gratuities included, so everything feels seamless from the start
Complimentary Signature Events, from Caviar in the Surf®, Caviar on the Ice to Shopping with the Chef
Seabourn Conversations®, our flagship enrichment program bringing leading thinkers and cultural voices onboard for intimate, thought-provoking dialogue
Curated itineraries that take you beyond the expected—accessing hidden harbors, picturesque ports and off-the-beaten path discoveries
IMAGES HERE
Key Takeaways CCL is deploying AI across commercial systems to improve revenue management and personalize guest experiences.Carnival's Q3 ex-fuel cruise costs rose 1.8% YoY, beating guidance by 100 basis points.CCL says some PROPEL opportunities are being captured early, supporting profitability through 2029. Carnival Corporation Ltd. (CCL - Free Report) is leveraging artificial intelligence and technology investments to strengthen profitability under its PROPEL strategy through 2029. The company is deploying AI across its commercial systems while expanding shoreside automation and improving vessel management to boost revenue generation, enhance operational efficiency and control costs.
Carnival's AI initiatives aim to improve commercial decision-making and personalize guest experiences, creating opportunities to optimize revenue management and capture incremental sales. Greater automation across shoreside operations could streamline processes and lower operating expenses. By leveraging its scale and technology capabilities, Carnival could strengthen operating leverage and support margin expansion without relying heavily on fleet expansion.
Recent operating performance underscores Carnival's progress in improving efficiency. In the third quarter of fiscal 2026, cruise costs, excluding fuel per available lower berth day, increased 1.8% year over year, and outperformed the company’s guidance by 100 basis points. Stronger yields, cost savings and lower fuel consumption contributed more than $150 million in expected full-year adjusted net income improvement relative to June guidance, offsetting higher fuel prices. Carnival also reported that some opportunities embedded in its PROPEL targets are being captured earlier than expected.
Carnival's AI-driven initiatives could support gradual margin expansion through 2029 as the company focuses on generating higher returns from its existing fleet. Although inflation and fuel-price volatility remain challenges, technology adoption and disciplined cost management offer opportunities to improve profitability. These initiatives could strengthen operating leverage and support profitability as Carnival works to translate its technology investments into sustained revenue growth and cost efficiencies.
Cruise Peers Pursue AI and Technology-Led EfficienciesRoyal Caribbean Group (RCL - Free Report) is using AI-driven revenue-management models to optimize pricing and yields across its cruise portfolio. Technology and guest data also support personalized recommendations, with more than 90% of guests using its app. Purchases made by RCL before embarkation account for more than half of onboard revenues. Further in-app personalization enhancements are expected in early 2027. Royal Caribbean is also using technology and AI to identify operating efficiencies, supporting its focus on margin expansion while maintaining the guest experience.
Norwegian Cruise Line Holdings Ltd. (NCLH - Free Report) is testing AI-based initiatives and improving its use of technology to address operational inefficiencies. The company is strengthening digital commerce and revenue-management capabilities while refining commercial tools and processes. NCLH also identified an additional $100 million in annualized savings and cash benefits related to technology-vendor consolidation and employee compensation. Most of these benefits relate to capital expenditures, with the remainder primarily tied to salary and benefit efficiencies. These broader measures support NCLH’s efforts to improve margins and free cash flow over time.
New two-story atrium debuts as part of Oosterdam's Evolution transformation; reimagined Crow's Nest expands live entertainment experiences
, /PRNewswire/ -- Holland America Line is introducing Bar 1873, a new signature gathering place where contemporary design, cocktails and live music bring more than 150 years of the cruise line's history to life. Debuting aboard Oosterdam as part of the ship's Holland America Evolution transformation, the two-story atrium venue will feature a soaring illuminated tulip sculpture, curated heritage displays and comfortable lounges designed for cocktails, conversation and intimate entertainment. As part of the Evolution enhancements, Oosterdam also will debut a reimagined Crow's Nest, expanding the ship's live entertainment offerings with new music programming and greater flexibility for activities throughout the day and evening.
Bar 1873 draws inspiration from Queen Juliana's 1958 christening of Rotterdam V, blending Dutch heritage and maritime tradition in a contemporary setting.
A soaring illuminated tulip sculpture inspired by the Netherlands’ national flower and Holland America Line’s signature orange tulip anchors Bar 1873.
Live piano performances, vocalists and Vivace musicians create an inviting atmosphere for cocktails and entertainment at Bar 1873.
Designed to bring Holland America Line's history to life in a contemporary way, Bar 1873 will become a hallmark of the Holland America Evolution program. Different ships will offer their own interpretation of the venue, drawing inspiration from a different story, tradition or milestone from the cruise line's more than 150-year history. On Oosterdam, the venue's theme, May She Be Blessed, honors the maritime tradition of ship christenings and the godmothers who have helped launch generations of Holland America Line ships.
"One of the goals of Holland America Evolution is to celebrate the traditions that have always made us special while introducing fresh experiences for today's guests," said Beth Bodensteiner, president of Holland America Line. "Bar 1873 is one of the most exciting examples of that vision. On Oosterdam, we've taken an important part of our history and transformed it into a completely new venue. As the concept expands, each bar will draw inspiration from a different part of our heritage, creating a distinct experience aboard every Evolution ship."
Oosterdam's Bar 1873 draws from the 1958 christening of Rotterdam V by Queen Juliana of the Netherlands, reflecting Holland America Line's longstanding connection to the Dutch royal family. Artwork, maritime references and design details throughout the venue will interpret that story, creating a setting that feels contemporary while remaining connected to the people and traditions that have shaped the cruise line. Live piano performances will serve as a centerpiece of the experience during pre-dinner cocktail hours and throughout the evening, complemented by select appearances from vocalists and Holland America Line's Vivace musicians.
A dramatic centerpiece at the heart of the ship
Designed in partnership with London-based design firm SMC, Bar 1873 is built around Oosterdam's central atrium on Deck 2. The space is defined by a soaring three-meter illuminated tulip sculpture inspired by the Netherlands' national flower and Holland America Line's signature orange tulip. Rising above the venue and visible from multiple vantage points throughout the atrium, the dramatic centerpiece casts intricate patterns of light across the space while serving as a visual tribute to the cruise line's Dutch roots. Surrounding the tulip are more than 200 heritage and repurposed objects, bespoke artwork and a visual timeline tracing the company's legacy, creating a layered experience that connects the venue's contemporary design to Holland America Line's history.
Oosterdam's Bar 1873 extends its central narrative through a series of details inspired by the places, people and era behind the story. Vintage-style maps and custom artwork weave together Dutch cultural influences, maritime exploration and the spirit of travel that has defined Holland America Line for more than 150 years. Throughout the space, these elements connect guests to the geography, history and traditions behind the venue's inspiration.
The design also includes a number of subtle tributes to Holland America Line's past. Carpets are inspired by the movement of light across the ocean and feature a dramatic centerpiece rug influenced by a clock in the main dining room of SS Rotterdam. The lounge's grand fireplace draws inspiration from Holland America Line's original headquarters, now Hotel New York in Rotterdam, reflecting the warmth and hospitality that have long defined the guest experience.
A toast to tradition
Holland America Line has long used its beverage program to tell stories through the glass, creating cocktails inspired by destinations, cultures and moments from the cruise line's history. Bar 1873 builds on that tradition by bringing those stories beyond the menu and into the design of the venue itself.
Inspired by the maritime tradition of ship christenings and the godmothers who have played an important role throughout Holland America Line's history, Oosterdam's Bar 1873 menu is anchored by May She Be Blessed, a celebratory cocktail named for the blessing traditionally bestowed upon a ship before it enters service. Guests will be able to personalize the drink with their choice of essence, creating a personalized toast inspired by one of maritime history's most enduring traditions.
Alongside the signature cocktail, the menu will feature modern interpretations of classic favorites and original creations inspired by the stories behind each Bar 1873 experience.
Reimagined Crow's Nest expands entertainment offerings
As part of Oosterdam's Evolution enhancements, Holland America Line will also introduce a refreshed Crow's Nest experience. Long known as one of the ship's most popular gathering spaces thanks to its panoramic ocean views, the venue will offer greater flexibility for activities and entertainment throughout the day and evening.
Expanded live music programming will create additional opportunities for guests to gather, listen and dance while preserving the relaxed atmosphere and scenic setting that have long made Crow's Nest a guest favorite. The space transitions throughout the day, offering everything from activities and enrichment programming to live music and entertainment in the evening.
In the evening, guests can enjoy performances featuring favorite songs from the 1970s through today. With an engaging, guest-focused approach and a wide-ranging repertoire, the experience is designed to create even more opportunities for live entertainment aboard Oosterdam.
The largest fleet investment in Holland America Line history
As the largest fleet update in the company's 153-year history, Holland America Evolution will revitalize all six Vista Class and Signature Class ships, beginning with Oosterdam and Zuiderdam and extending to the newly acquired Vista Class ship Arcadia.
Holland America Evolution blends new venues and enhanced experiences with the features guests already know and love, while introducing select elements inspired by the cruise line's Pinnacle Class ships. Across the fleet, guests can expect refreshed public spaces, updated accommodations and expanded onboard offerings, all while preserving the gracious service, destination-rich travel and perfectly sized ships that define Holland America Line. Bar 1873 is one example of that approach, pairing a fresh new concept with the traditions and hospitality that have long been part of the guest experience.
Bookings are now open for cruises aboard Oosterdam and Zuiderdam following their transformations. Additional details about Holland America Evolution and upcoming ship enhancements are available at hollandamerica.com/evolution.
Find Holland America Line on Facebook, Instagram and the Holland America Blog. You can also access all social media outlets via the home page at hollandamerica.com.
About Holland America Line
Holland America Line has been exploring the world for more than 150 years with expertly crafted itineraries, extraordinary service and genuine connections to the destinations. Offering a perfectly-sized ship experience, its fleet of 11 vessels visits nearly 400 ports in 114 countries around the world and has shared the thrill of Alaska for nearly 80 years — longer than any other cruise line. In 2029, Holland America Line will welcome a 12th ship to its fleet. Savour the Journey isn't just a tagline, it's a reinforcement that the cruise line provides experiences too good to hurry through, connecting travelers to the world and each other. Award-winning enrichment programming, entertainment and cuisine that brings each locale on board, including a revolutionary Global Fresh Fish Program, put Holland America Line at the forefront of premium cruising. Holland America Line is part of Carnival Corporation, the world's largest cruise company with a portfolio of cruise lines operating in over 800 ports & destinations worldwide. (NYSE: CCL).
A record booking report has made Carnival (NYSE:CCL | CCL Price Prediction) a standout among the major cruise operators. Carnival stock is up 17% to $26.
Guests aboard 2026 holiday cruises can enjoy Thanksgiving dinner, Brunch with Santa, Feast of the Seven Fishes, festive entertainment, seasonal décor and special savings on select sailings.
Key Highlights:
Celebrate holiday traditions at sea with festive décor, entertainment and activities across the fleet, from tree-lighting ceremonies to carol singing.
Guests can savor seasonal favorites, including Thanksgiving dinner, "Brunch with Santa," "Feast of the Seven Fishes," "Nutcracker Tea," specialty cocktails and a new Magnolia Gingerbread Cake.
Enjoy holiday savings on select cruises with Holland America Line's Save on Sunshine offer: up to 50% off cruise fares, plus additional booking incentives on select departures.
, /PRNewswire/ -- Holland America Line is charting a course for the 2026 holiday season with special cruises filled with festive traditions, seasonal flavors and memorable celebrations at sea. Guests can savor holiday favorites such as Thanksgiving dinner, Brunch with Santa and the Feast of the Seven Fishes while enjoying beautifully decorated ships and special celebrations throughout Thanksgiving, Hanukkah, Christmas and New Year's voyages.
Guests can enjoy RelaxAway Half Moon Cay as part of a number of holiday itineraries.
Gingerbread villages delight on ships throughout the fleet.
Celebrating the holidays at sea offers a different way to enjoy the traditions that matter most while leaving the planning to someone else. With Holland America Line taking care of the details, there's more time to gather over special meals and activities, combining travel and discovery with the wonder of the season.
"The holidays are a time when traditions and togetherness matter most, and traveling doesn't mean leaving those traditions behind," said Michael Stendebach, vice president of food, beverage and rooms division for Holland America Line. "On board, guests can celebrate in ways that feel familiar while also making new memories with the people they care about. From cherished meals to time spent together, we're creating moments for guests to feel like they have a piece of home with them during the holidays."
A Festive Ambiance on Every Holiday Cruise
Whether exploring the tropical islands of the Caribbean, glaciers of Antarctica or landscapes of Australia, Holland America Line creates a warm holiday atmosphere with seasonal décor throughout the ship, ceremonial tree lightings and special programming.
Entertainment makes each cruise merry and bright with carol singing, holiday movies, crew performances and family-friendly activities. A New Year's Eve celebration will welcome 2027 with parties throughout the ships and a champagne toast.
A Holiday Taste of Tradition
Holiday traditions come to the table with seasonal food and beverage offerings that bring familiar favorites and global flavors together. Guests can gather for Thanksgiving dinner, start Christmas with "Breakfast with Santa," enjoy "Feast of the Seven Fishes" on Christmas Eve and savor "Nutcracker Tea." Holiday menu items add a taste of home with classic items such as latkes, turkey, stuffing, cranberry sauce and eggnog. Destination-inspired holiday flavors from around the world also give guests a chance to discover new tastes alongside the classics.
New for 2026 is a seasonal Magnolia Gingerbread Cake available in the Dining Room, created as an extension of Holland America Line's partnership with famed Magnolia Bakery, bringing the bakery's signature flavors to the holidays at sea.
Holiday spirit extends to the glass with seasonal coffee creations including Christmas Cocoamint Coffee, Vanilla Gingerbread Latte and Eggnog Latte, alongside festive cocktails such as the De Lijn Ginger Mojito, Rudolph the Red Margarita and Minty Elf Martini.
Gingerbread Villages Bring Holiday Magic
A Holland America Line holiday cruise wouldn't be complete without gingerbread, and across the fleet, shipboard culinary teams turn the classic holiday treat into elaborate village displays. Each ship creates its own unique design, showcasing the creativity and craftsmanship that go into these festive works. Culinary teams spend hours planning, baking and assembling the intricate pieces that bring each gingerbread village to life, carrying on a signature holiday tradition.
Save on Sunshine Offers Fare Discounts
Guests looking to get away for the holidays can take advantage of Holland America Line's "Save on Sunshine" offer, which includes up to 50% off cruise fares and kids sail free as a third and fourth guest in the same stateroom on select departures. Guests who book between Oct. 13-21, 2026, also receive a bonus of up to $200 onboard credit per stateroom and complimentary night of specialty dining on select holiday cruises.
Example Holiday Cruises for the 2026 season include:
7-Day "Baja Peninsula" on Koningsdam, roundtrip from San Diego, California, departing Nov. 21, 2026.
15-Day "Panama Canal Holiday" on Zaandam, from San Diego to Fort Lauderdale, Florida, departing Dec. 19, 2026.
7-Day "Baja Peninsula Holiday" aboard Koningsdam, roundtrip from Fort Lauderdale, Florida, departing Dec. 19, 2026.
11-Day "Eastern Caribbean Holiday: Windward & Leeward Islands" aboard Rotterdam, roundtrip from Fort Lauderdale, departing Dec. 22, 2026.
14-Day "Southern Caribbean: ABC & Windward Islands Holiday" aboard Volendam, roundtrip from Fort Lauderdale, departing Dec. 22, 2026.
7-Day "Western Caribbean Holiday: Greater Antilles & Mexico" on Eurodam, roundtrip from Fort Lauderdale, departing Dec. 26, 2026.
For more information about Holland America Line or to book a cruise, consult a travel advisor, call 1-877-SAIL HAL (877-724-5425) or visit hollandamerica.com.
Find Holland America Line on Facebook, Instagram and the Holland America Blog. You can also access all social media outlets via the home page at hollandamerica.com.
About Holland America Line
Holland America Line has been exploring the world for more than 150 years with expertly crafted itineraries, extraordinary service and genuine connections to the destinations. Offering a perfectly-sized ship experience, its fleet of 11 vessels visits nearly 400 ports in 114 countries around the world and has shared the thrill of Alaska for nearly 80 years — longer than any other cruise line. In 2029, Holland America Line will welcome a 12th ship to its fleet. Savour the Journey isn't just a tagline, it's a reinforcement that the cruise line provides experiences too good to hurry through, connecting travelers to the world and each other. Award-winning enrichment programming, entertainment and cuisine that brings each locale on board, including a revolutionary Global Fresh Fish Program, put Holland America Line at the forefront of premium cruising. Holland America Line is part of Carnival Corporation, the world's largest cruise company with a portfolio of cruise lines operating in over 800 ports & destinations worldwide. (NYSE: CCL).
New ocean collection features more than 200 destinations across the Mediterranean, Northern Europe, Alaska, Canada and New England, including a new Gulf of Bothnia voyage, maiden ports and extended stays
KEY TAKEAWAYS:
Seabourn returns to Egypt for the first time in more than five years, featuring select voyages with an overnight stay in Alexandria.
The 2029 Ocean Voyages collection visits more than 200 destinations across the Mediterranean, Northern Europe, Alaska, and Canada & New England.
A new Gulf of Bothnia itinerary and several maiden ports expand Seabourn's Northern Europe offerings.
Seabourn Encore returns to Alaska with an Expedition Team of experts bringing guests closer to glaciers and wildlife, both aboard the ship and on optional Zodiac and kayak excursions.
Extended stays, overnight calls, and boutique ports provide deeper destination immersion throughout the collection.
, /PRNewswire/ -- Seabourn has unveiled its 2029 Summer Ocean Voyages, featuring 166 sailings to more than 180+ unique destinations across the Mediterranean, Northern Europe, Alaska, Canada and New England. Highlights include Seabourn's return to Egypt for the first time in more than five years, a new seven-day itinerary exploring Sweden and Finland's Gulf of Bothnia, maiden calls in Northern Europe, and extended and overnight stays that give guests more time to experience destinations ashore.
Photo credit: Seabourn
Sailing aboard Seabourn Ovation, Seabourn Quest and Seabourn Encore, the 2029 collection combines iconic destinations with smaller ports and less-traveled regions that Seabourn's intimate ships can access. The itineraries are designed to give guests more opportunities to explore beyond the marquee ports, with a mix of longer stays, overnights and destination-focused experiences throughout the season.
"Our 2029 Ocean Voyages collection offers guests more ways to spend meaningful time in the destinations they visit, whether that means an overnight at the gateway to the pyramids of Egypt, exploring new ports in Northern Europe or experiencing Alaska with our Expedition Team," said Crystal Morgan, senior director, deployment and itinerary planning of Seabourn. "It also reflects what Seabourn does particularly well: combining access to smaller ports and less-traveled places with the personalized service and onboard experience our guests expect."
Return to Egypt Headlines Mediterranean Season
Sailing from March through November 2029, Seabourn Ovation's Mediterranean season offers 21 unique itineraries throughout the Western Mediterranean, Italy, the Adriatic, the Aegean, and beyond. One of the most anticipated offerings is the line's return to Egypt. Select voyages aboard Seabourn Ovation will feature an overnight stay in Alexandria, providing guests with ample time to explore Cairo, the Great Pyramids of Giza, and some of the world's most celebrated ancient treasures. New specialty voyages include Italian Coast & Fireworks Over Corsica and Pyramids & Evening at Ephesus, offering exclusive access to some of the Mediterranean's most remarkable cultural landmarks, historic wonders, and once-in-a-lifetime experiences.
In addition, the season will include visits to boutique ports and hidden harbors that are often inaccessible to larger vessels, including a maiden call at Kapsali on the Greek island of Kythira.
The season will feature Seabourn's signature complimentary "Evening at Ephesus," an exclusive private event that brings guests into the ancient city after hours for a classical music performance among its illuminated ruins. In select Mediterranean ports, guests can join Seabourn chefs ashore for Shopping with the Chef, visiting local markets and specialty food shops to discover regional ingredients and culinary traditions.
New Gulf of Bothnia Itinerary Expands Northern Europe Exploration
Between May and September 2029, Seabourn Quest will set sail on a series of port-rich itineraries designed to encourage deeper exploration and meaningful connections in Northern Europe, where guests can explore Scandinavia, the Baltic, the British Isles, Northern Norway, Iceland, and Greenland. A major highlight of the season is a new seven-day voyage into Sweden and Finland's Gulf of Bothnia, taking Seabourn farther north in the Baltic to destinations rarely featured on traditional cruise itineraries. The voyage includes maiden calls at Härnösand, Kemi, Rauma, and Oulu, offering guests the opportunity to explore lesser-visited destinations in Sweden and Finland.
The season also introduces maiden calls at Alta, and Frøya, while extended and overnight stays in Bordeaux, Rouen, Helsinki, Tallinn, Edinburgh, and Hamburg give guests more time to explore ashore. Guests can also visit Turku, Finland, during its landmark 900th anniversary year in 2029. Founded in 1229, Turku is Finland's oldest city and offers a rich blend of Nordic history, culture, and architecture, making it a particularly timely and memorable port of call.
Many voyages can be combined to create journeys of 14, 21, 28 or more days, allowing travelers to experience multiple regions in a single seamless voyage.
Alaska Adventures Return Aboard Seabourn Encore
Seabourn Encore returns to Alaska in 2029 with a series of seven-day voyages between Juneau and Vancouver between May and September. Also available are 10- and 11-day itineraries extending north to destinations such as Valdez, Whittier and College Fjord.
Every Alaska voyage includes glacier viewing, while Seabourn's Expedition Team provides expert interpretation of the region's wildlife, landscapes, and cultural heritage.
Guests seeking a more active adventure can participate in optional Ventures by Seabourn experiences, including Zodiac cruises and kayak excursions that bring them closer to Alaska's extraordinary natural environment. Ventures by Seabourn excursions are guided by the ship's world-class Expedition Team.
Select itineraries will also feature scenic cruising along the coastline of British Columbia's Great Bear Rainforest, offering opportunities to view whales, orcas, and other wildlife in one of North America's most pristine coastal ecosystems.
Canada and New England Celebrate Coastal Culture and Natural Beauty Seabourn Quest's Canada and New England season will feature 12- and 13-day voyages between September and October, showcasing the region's rich maritime traditions, French Canadian heritage, charming coastal communities, and beautiful autumn landscapes.
Guests will enjoy overnight stays in Boston, Quebec City, and St. John's, along with visits to boutique ports including Gaspé, Îles-de-la-Madeleine, and Prince Edward Island. Shore experiences throughout the region highlight local culture, cuisine, history, and natural beauty, providing a deeper understanding of the destinations visited. A complete list of applicable sailings is available here.
For more details about Seabourn, or to explore the worldwide selection of Seabourn luxury cruising options, call Seabourn at 1-800-929-9391, visit www.seabourn.com, or contact a professional travel advisor.
About Seabourn:
Seabourn represents the pinnacle of luxury ocean and expedition travel and operates a fleet of five modern ships. The all-inclusive, boutique ships offer all-suite accommodations with ocean-front views; award-winning dining; complimentary premium spirits and fine wines available at all times; renowned service provided by an industry-leading crew; a relaxed, sociable atmosphere that makes guests feel at home; a pedigree in expedition travel through the Ventures by Seabourn® program and two luxury purpose-built expedition ships, including Seabourn Venture that launched in 2022 and Seabourn Pursuit in 2023. Seabourn takes travelers to every continent on the globe, visiting more than 400 ports including marquee cities and lesser-known ports and hideaways. Guests of Seabourn experience extraordinary offerings and programs, including partnerships with leading entertainers, dining, personal health and wellbeing, and engaging speakers.
Seabourn is part of Carnival Corporation, the world's largest cruise company with a portfolio of cruise lines operating in over 800 ports and destinations worldwide. (NYSE: CCL).
Find Seabourn on X, Facebook, Instagram, YouTube and Pinterest.
More Than 250 Departures from Canada to Antarctica Highlight the Americas, from New England and the Caribbean to Hawaii and South America
, /PRNewswire/ -- Princess Cruises, a leader in global destination cruising, announces its expansive 2028–2029 Americas program, offering more to explore with over 250 departures and an extraordinary variety of vacations spanning North, Central and South America, the Caribbean, the Pacific, and Antarctica.
From the storied ports of Canada & New England and sun-drenched islands of the Caribbean to Hawaii, Mexico and the California Coast, and south to the Amazon River, Patagonia and Antarctica, these voyage offerings give guests remarkable opportunities to explore the Americas by sea. Voyages range from convenient four-day West Coast getaways to an epic new 64-day Circle South America adventure.
Among the season's standout experiences:
Amazon River Returns – Princess returns to cruising the Amazon River for the first time since 2014, featuring scenic cruising and a call to Santarém, Brazil.New 64-Day Circle South America – An epic circumnavigation combining Antarctica, the Amazon River and the Panama Canal.Ocean-to-Ocean Panama Canal Voyages – Full Canal transits connect the Atlantic and Pacific, with sailings through the historic Neopanamax locks.New Canada & New England Call – Princess debuts Îles de la Madeleine, known for its red sandstone cliffs and distinctive Acadian culture.Hawaii from Vancouver Returns – Expanded West Coast options include the return of Hawaiian Island cruising roundtrip from Vancouver.More Time Ashore – Late-night and overnight stays across the Americas give guests more time to experience local culture, cuisine and iconic attractions."There is an incredible diversity found across the Americas, and our 2028–2029 season gives guests an extraordinary range of ways to experience it," said Jim Berra, Princess Cruises Chief Commercial Officer. "Whether it's a relaxing Caribbean getaway, sailing beneath the Golden Gate Bridge, experiencing the marvel of the Panama Canal, discovering the beauty of Hawaii or venturing to the Amazon and Antarctica, these thoughtfully crafted itineraries make it easy to find a vacation that matches how and where our guests want to explore."
More to Explore: An Extraordinary Collection of Destinations to Discover
Caribbean – Island Escapes from Five Convenient Gateways
With 141 departures and 49 unique itineraries ranging from five to 17 days, Princess offers an extensive collection of Eastern, Western and Southern Caribbean vacations. Guests can sail from Fort Lauderdale, Port Canaveral, San Juan, New York and Barbados, visiting 24 destinations across 20 Caribbean islands. Highlights include St. Thomas, St. Maarten, Cozumel, the ABC Islands and Puerto Rico, along with More Ashore experiences in Aruba, Barbados, Bonaire and Curaçao.
Private Island Paradises: Many Caribbean itineraries include a popular stop at paradise-filled exclusive destinations, offering guests sun-soaked beaches, tropical adventures and unforgettable experiences. These include:
Celebration Key, The Bahamas: Enjoy pristine beaches, expansive freshwater lagoons, swim-up bars, family-friendly activities and adults-only retreats.Isla Tropicale, Roatán, Honduras: Snorkel vibrant coral reefs, relax on white-sand beaches, explore tropical gardens and wildlife, and enjoy shopping, dining and authentic Caribbean flavors.RelaxAway, Half Moon Cay, The Bahamas: Discover powder-soft beaches, turquoise waters, private cabanas and activities including horseback riding in the ocean and kayaking.Panama Canal – Ocean-to-Ocean Adventures
Princess' 2028–2029 Panama Canal season features 12 departures on nine unique itineraries ranging from 16 to 20 days, sailing aboard five ships – Coral Princess, Crown Princess, Island Princess, Ruby Princess and Star Princess. Ocean-to-ocean voyages connect the Atlantic and Pacific with full Canal transits through either the historic locks (two voyages) or newer Neopanamax locks (six transits), complemented by calls throughout Mexico, Central America, South America and the Caribbean.
Canada & New England – Fall Colors, Coastal Cities and a New Destination
Seventeen departures aboard Regal Princess and Caribbean Princess highlight New England, Atlantic Canada and the St. Lawrence River on five unique itineraries ranging from seven to 14 days. New for 2028, Princess introduces Îles de la Madeleine, an island destination in the Gulf of St. Lawrence known for dramatic red sandstone cliffs and distinctive Acadian culture. Seven Classic Canada & New England voyages also feature an overnight stay in Quebec.
Hawaii – Four Islands, One Seamless Vacation
Fourteen Hawaii departures explore Oahu, Maui, Kauai and Hawaii Island, with every voyage featuring an extended late-night stay in Honolulu. Roundtrip sailings are offered from Los Angeles, San Francisco and, returning for the 2028–2029 season, Vancouver, giving guests three convenient West Coast gateways to the islands.
Mexico – Mexican Riviera, Baja and the Sea of Cortez
Princess offers 35 Mexico departures from Los Angeles and San Francisco, with seven- to 11-day voyages visiting destinations including Cabo San Lucas, Mazatlán, Puerto Vallarta, Manzanillo and La Paz. All 10-day Baja Peninsula & Sea of Cortez sailings feature an overnight stay in Cabo San Lucas for more time to enjoy its beaches, dining and lively atmosphere.
California Coast – Iconic Cities and Scenic Shores
Eighteen departures ranging from four to seven days showcase the best of the Pacific Coast, combining vibrant cities, wine country and scenic coastal destinations. Guests can sail from Los Angeles, San Francisco and Vancouver, with More Ashore late-night visits in San Diego, San Francisco and Victoria and more than 50 opportunities during the season to experience sailing beneath the Golden Gate Bridge.
South America & Antarctica – From the Amazon to the Antarctic Peninsula
Princess' 2028–2029 South America season features 13 departures across 11 itineraries, visiting 38 destinations in 16 countries aboard Majestic Princess and Coral Princess. Signature experiences include 17-day Antarctica & Patagonia voyages, 15-day Cape Horn & Glaciers of Patagonia sailings and the return of Amazon River cruising for the first time since 2014, featuring scenic cruising and a call to Santarém, Brazil.
New for the season, Coral Princess debuts an extraordinary 64-day Circle South America voyage combining Antarctica, the Amazon River and a transit through the historic Panama Canal locks in one epic circumnavigation of the continent.
More Time to Explore
Across the Americas portfolio, Princess' popular More Ashore experiences feature select late-night and overnight stays, allowing guests to experience even more of the cuisine, culture, nightlife and iconic attractions of each destination. Highlights range from overnight stays in Quebec and Cabo San Lucas to extended time in Honolulu and late-night or overnight calls in destinations including Aruba, Buenos Aires, Rio de Janeiro and Lima.
South America guests can also extend their exploration inland with Princess Cruisetours to two of the continent's most celebrated destinations: Peru's Sacred Valley and Machu Picchu, or Iguazú Falls from both the Brazilian and Argentine sides.
Book Now: Early Booking Bonus!
The 2028–2029 Americas season is now on sale. Princess is offering an Early Booking Bonus with up to $300 instant savings, up to $300 onboard credit, $100 deposits, early access to dining reservations and arrival groups and a free room location upgrade — available through February 16, 2027.
Guests can book with their travel advisor, call 1-800-PRINCESS (1-800-774-6237) or visit princess.com for more information.
About Princess Cruises:
Princess Cruises, the original Love Boat, has been creating enriching vacations shaped by discovery, human connection, and personalized service for more than 60 years. Sailing to more than 345 destinations in over 90 countries across all seven continents, Princess invites millions of guests to experience new places, people, and cultures in meaningful ways. Recognized as the world's most iconic cruise brand, Princess is known for thoughtfully curated global itineraries, well-appointed staterooms, exceptional dining and entertainment, and immersive experiences onboard and ashore. By bringing together thoughtful service, elevated experiences, and extraordinary destinations, Princess creates meaningful moments, lasting connections and stories worth sharing long after the journey ends. Princess Cruises is part of Carnival Corporation, the world's largest cruise company, with a portfolio of cruise lines operating in more than 800 ports and destinations worldwide (NYSE: CCL).
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Perpetual Ltd trimmed its position in Carnival Corporation (NYSE:CCL – Free Report) by 6.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,326,966 shares of the company’s stock after selling 87,659 shares during the quarter. Perpetual Ltd owned about 0.10% of Carnival worth $32,564,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in CCL. Bullock Wealth Management Group increased its stake in Carnival by 2,587.0% in the 3rd quarter. Bullock Wealth Management Group now owns 2,687 shares of the company’s stock worth $66,000 after acquiring an additional 2,587 shares during the last quarter. Riversedge Advisors LLC raised its holdings in shares of Carnival by 17.4% during the 3rd quarter. Riversedge Advisors LLC now owns 11,081 shares of the company’s stock worth $272,000 after acquiring an additional 1,641 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Carnival by 29.1% in the third quarter. Wedmont Private Capital now owns 26,272 shares of the company’s stock valued at $645,000 after purchasing an additional 5,927 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Carnival by 25.0% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 465,761 shares of the company’s stock valued at $11,430,000 after purchasing an additional 93,261 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Carnival by 75.6% in the third quarter. GAMMA Investing LLC now owns 72,749 shares of the company’s stock worth $1,785,000 after purchasing an additional 31,322 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth CCL has been the topic of a number of recent research reports. UBS Group reaffirmed a “buy” rating and set a $36.00 price target on shares of Carnival in a research note on Wednesday, September 30th. Freedom Broker increased their price objective on shares of Carnival from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 1st. The Goldman Sachs Group reduced their target price on shares of Carnival from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, September 17th. Sanford C. Bernstein restated a “market perform” rating and issued a $28.70 target price on shares of Carnival in a report on Wednesday, September 30th. Finally, Melius Research set a $36.00 target price on shares of Carnival in a research report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Carnival currently has an average rating of “Moderate Buy” and an average price target of $34.14.
Check Out Our Latest Report on CCL Carnival Price Performance Shares of Carnival stock opened at $26.45 on Tuesday. The stock has a market cap of $35.57 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 1.12 and a beta of 2.38. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.23 and a current ratio of 0.27. The stock has a 50 day moving average price of $25.01 and a 200-day moving average price of $26.39. Carnival Corporation has a one year low of $21.45 and a one year high of $34.03.
Carnival (NYSE:CCL – Get Free Report) last released its quarterly earnings results on Tuesday, September 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.08. The company had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.39 billion. Carnival had a return on equity of 24.83% and a net margin of 11.37%. Carnival’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 EPS. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. Equities analysts expect that Carnival Corporation will post 2.27 EPS for the current year.
Carnival Profile (Free Report)
Carnival Corporation & plc (NYSE: CCL) is a global leisure travel company that operates cruise lines and related vacation businesses. Its brands offer ocean cruises, onboard entertainment, dining, accommodation, excursions and other travel experiences to passengers across a range of price points and destinations.
The company’s portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, P&O Cruises, P&O Cruises Australia, AIDA Cruises and Costa Cruises.
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More Than 250 Departures from Canada to Antarctica Highlight the Americas, from New England and the Caribbean to Hawaii and South America
, /PRNewswire/ -- Princess Cruises, a leader in global destination cruising, announces its expansive 2028–2029 Americas program, offering more to explore with over 250 departures and an extraordinary variety of vacations spanning North, Central and South America, the Caribbean, the Pacific, and Antarctica.
South America and Antarctica 2028-2029 Map
From the storied ports of Canada & New England and sun-drenched islands of the Caribbean to Hawaii, Mexico and the California Coast, and south to the Amazon River, Patagonia and Antarctica, these voyage offerings give guests remarkable opportunities to explore the Americas by sea. Voyages range from convenient four-day West Coast getaways to an epic new 64-day Circle South America adventure.
Among the season's standout experiences:
Amazon River Returns – Princess returns to cruising the Amazon River for the first time since 2014, featuring scenic cruising and a call to Santarém, Brazil.
New 64-Day Circle South America – An epic circumnavigation combining Antarctica, the Amazon River and the Panama Canal.
Ocean-to-Ocean Panama Canal Voyages – Full Canal transits connect the Atlantic and Pacific, with sailings through the historic Neopanamax locks.
New Canada & New England Call – Princess debuts Îles de la Madeleine, known for its red sandstone cliffs and distinctive Acadian culture.
Hawaii from Vancouver Returns – Expanded West Coast options include the return of Hawaiian Island cruising roundtrip from Vancouver.
More Time Ashore – Late-night and overnight stays across the Americas give guests more time to experience local culture, cuisine and iconic attractions.
"There is an incredible diversity found across the Americas, and our 2028–2029 season gives guests an extraordinary range of ways to experience it," said Jim Berra, Princess Cruises Chief Commercial Officer. "Whether it's a relaxing Caribbean getaway, sailing beneath the Golden Gate Bridge, experiencing the marvel of the Panama Canal, discovering the beauty of Hawaii or venturing to the Amazon and Antarctica, these thoughtfully crafted itineraries make it easy to find a vacation that matches how and where our guests want to explore."
More to Explore: An Extraordinary Collection of Destinations to Discover
Caribbean – Island Escapes from Five Convenient Gateways
With 141 departures and 49 unique itineraries ranging from five to 17 days, Princess offers an extensive collection of Eastern, Western and Southern Caribbean vacations. Guests can sail from Fort Lauderdale, Port Canaveral, San Juan, New York and Barbados, visiting 24 destinations across 20 Caribbean islands. Highlights include St. Thomas, St. Maarten, Cozumel, the ABC Islands and Puerto Rico, along with More Ashore experiences in Aruba, Barbados, Bonaire and Curaçao.
Private Island Paradises: Many Caribbean itineraries include a popular stop at paradise-filled exclusive destinations, offering guests sun-soaked beaches, tropical adventures and unforgettable experiences. These include:
Celebration Key, The Bahamas: Enjoy pristine beaches, expansive freshwater lagoons, swim-up bars, family-friendly activities and adults-only retreats.
Isla Tropicale, Roatán, Honduras: Snorkel vibrant coral reefs, relax on white-sand beaches, explore tropical gardens and wildlife, and enjoy shopping, dining and authentic Caribbean flavors.
RelaxAway, Half Moon Cay, The Bahamas: Discover powder-soft beaches, turquoise waters, private cabanas and activities including horseback riding in the ocean and kayaking.
Panama Canal – Ocean-to-Ocean Adventures
Princess' 2028–2029 Panama Canal season features 12 departures on nine unique itineraries ranging from 16 to 20 days, sailing aboard five ships – Coral Princess, Crown Princess, Island Princess, Ruby Princess and Star Princess. Ocean-to-ocean voyages connect the Atlantic and Pacific with full Canal transits through either the historic locks (two voyages) or newer Neopanamax locks (six transits), complemented by calls throughout Mexico, Central America, South America and the Caribbean.
Canada & New England – Fall Colors, Coastal Cities and a New Destination
Seventeen departures aboard Regal Princess and Caribbean Princess highlight New England, Atlantic Canada and the St. Lawrence River on five unique itineraries ranging from seven to 14 days. New for 2028, Princess introduces Îles de la Madeleine, an island destination in the Gulf of St. Lawrence known for dramatic red sandstone cliffs and distinctive Acadian culture. Seven Classic Canada & New England voyages also feature an overnight stay in Quebec.
Hawaii – Four Islands, One Seamless Vacation
Fourteen Hawaii departures explore Oahu, Maui, Kauai and Hawaii Island, with every voyage featuring an extended late-night stay in Honolulu. Roundtrip sailings are offered from Los Angeles, San Francisco and, returning for the 2028–2029 season, Vancouver, giving guests three convenient West Coast gateways to the islands.
Mexico – Mexican Riviera, Baja and the Sea of Cortez
Princess offers 35 Mexico departures from Los Angeles and San Francisco, with seven- to 11-day voyages visiting destinations including Cabo San Lucas, Mazatlán, Puerto Vallarta, Manzanillo and La Paz. All 10-day Baja Peninsula & Sea of Cortez sailings feature an overnight stay in Cabo San Lucas for more time to enjoy its beaches, dining and lively atmosphere.
California Coast – Iconic Cities and Scenic Shores
Eighteen departures ranging from four to seven days showcase the best of the Pacific Coast, combining vibrant cities, wine country and scenic coastal destinations. Guests can sail from Los Angeles, San Francisco and Vancouver, with More Ashore late-night visits in San Diego, San Francisco and Victoria and more than 50 opportunities during the season to experience sailing beneath the Golden Gate Bridge.
South America & Antarctica – From the Amazon to the Antarctic Peninsula
Princess' 2028–2029 South America season features 13 departures across 11 itineraries, visiting 38 destinations in 16 countries aboard Majestic Princess and Coral Princess. Signature experiences include 17-day Antarctica & Patagonia voyages, 15-day Cape Horn & Glaciers of Patagonia sailings and the return of Amazon River cruising for the first time since 2014, featuring scenic cruising and a call to Santarém, Brazil.
New for the season, Coral Princess debuts an extraordinary 64-day Circle South America voyage combining Antarctica, the Amazon River and a transit through the historic Panama Canal locks in one epic circumnavigation of the continent.
More Time to Explore
Across the Americas portfolio, Princess' popular More Ashore experiences feature select late-night and overnight stays, allowing guests to experience even more of the cuisine, culture, nightlife and iconic attractions of each destination. Highlights range from overnight stays in Quebec and Cabo San Lucas to extended time in Honolulu and late-night or overnight calls in destinations including Aruba, Buenos Aires, Rio de Janeiro and Lima.
South America guests can also extend their exploration inland with Princess Cruisetours to two of the continent's most celebrated destinations: Peru's Sacred Valley and Machu Picchu, or Iguazú Falls from both the Brazilian and Argentine sides.
Book Now: Early Booking Bonus!
The 2028–2029 Americas season is now on sale. Princess is offering an Early Booking Bonus with up to $300 instant savings, up to $300 onboard credit, $100 deposits, early access to dining reservations and arrival groups and a free room location upgrade — available through February 16, 2027.
Guests can book with their travel advisor, call 1-800-PRINCESS (1-800-774-6237) or visit princess.com for more information.
About Princess Cruises:
Princess Cruises, the original Love Boat, has been creating enriching vacations shaped by discovery, human connection, and personalized service for more than 60 years. Sailing to more than 345 destinations in over 90 countries across all seven continents, Princess invites millions of guests to experience new places, people, and cultures in meaningful ways. Recognized as the world's most iconic cruise brand, Princess is known for thoughtfully curated global itineraries, well-appointed staterooms, exceptional dining and entertainment, and immersive experiences onboard and ashore. By bringing together thoughtful service, elevated experiences, and extraordinary destinations, Princess creates meaningful moments, lasting connections and stories worth sharing long after the journey ends. Princess Cruises is part of Carnival Corporation, the world's largest cruise company, with a portfolio of cruise lines operating in more than 800 ports and destinations worldwide (NYSE: CCL).
Key Takeaways Carnival is focusing on stronger pricing and advance bookings to drive higher yields in fiscal 2027.CCL expects fiscal 2027 capacity to rise 0.5% YoY, with nearly half the year booked at record pricing levels.Carnival faces rising Caribbean competition and a 0.4-point loyalty-related yield headwind in fiscal 2027. Carnival Corporation Ltd. (CCL - Free Report) is pursuing higher revenues and returns from its existing fleet, with fiscal 2027 capacity expected to increase 0.5% year over year. Booking volumes are growing faster than capacity, supporting the company’s efforts to manage advance reservations for higher pricing. Approximately half of fiscal 2027 is already booked, with advance occupancy and pricing at record levels.
Recent results demonstrate continued yield momentum. In the third quarter of fiscal 2026, net yields increased 2.4% year over year (in constant currency), reaching an all-time high and exceeding June guidance by more than one percentage point. Carnival also raised its fiscal 2026 constant-currency net yield growth outlook to approximately 2.3%, 0.5 percentage points above June guidance. Customer deposits reached a fiscal third-quarter record of approximately $7.6 billion, up about 7% despite broadly flat capacity over the next 12 months.
Carnival is adjusting deployment toward markets with strong demand and expanding itineraries featuring exclusive destinations. Greater emphasis on Northern Europe and increased access to Celebration Key and RelaxAway, Half Moon Cay support its efforts to differentiate cruises and sustain pricing.
The yield outlook remains subject to booking and competitive pressures. Fiscal 2027 booking strength is weighted toward the second through fourth quarters, while first-quarter sailings are still expected to reflect residual effects from the spring booking disruption. Increased industry capacity in the Caribbean adds competitive pressure. Carnival Rewards is also expected to create an additional 0.4-percentage-point accounting-related yield headwind in fiscal 2027.
Carnival’s ability to achieve higher fiscal 2027 yields with limited capacity growth will likely depend on sustaining pricing strength and maintaining higher pricing as remaining inventory is sold. Targeted deployment and differentiated destinations support that objective, while competitive supply and temporary loyalty-program accounting effects remain important considerations.
CCL’s Price Performance, Valuation & EstimatesShares of Carnival have dropped 1% in the past three months compared with the industry’s decline of 0.3%. In the same time frame, other industry players like Royal Caribbean Cruises Ltd. (RCL - Free Report) have declined 2.2%, while Norwegian Cruise Line Holdings Ltd. (NCLH - Free Report) has lost 20.7%.
CCL Stock’s Three-Month Price Performance
Image Source: Zacks Investment Research
CCL stock is currently trading at a discount. It is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 10.48, well below the industry average of 16.06. Then again, other industry players, such as Royal Caribbean and Norwegian Cruise, have P/E ratios of 14.40 and 10.85, respectively.
CCL’s P/E Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Carnival’s fiscal 2026 earnings per share has increased from $2.23 to $2.26 over the past 30 days.
EPS Trend of CCL Stock
Image Source: Zacks Investment Research
The company’s fiscal 2026 earnings are likely to increase by 0.4% year over year. Conversely, industry players like Royal Caribbean are likely to witness growth of 13.8% year over year in 2026 earnings. NCLH is likely to project a fall of 26.1% year over year in 2026 earnings.
CCL stock currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Carnival (NYSE:CCL – Get Free Report) and Full House Resorts (NASDAQ:FLL – Get Free Report) are both consumer discretionary companies, but which is the better investment? We will compare the two businesses based on the strength of their earnings, risk, profitability, dividends, analyst recommendations, valuation and institutional ownership.
Analyst Recommendations This is a summary of recent ratings and price targets for Carnival and Full House Resorts, as reported by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Carnival 0 6 21 1 2.82 Full House Resorts 1 0 3 0 2.50 Carnival presently has a consensus target price of $34.14, indicating a potential upside of 29.56%. Full House Resorts has a consensus target price of $3.50, indicating a potential upside of 189.26%. Given Full House Resorts’ higher possible upside, analysts clearly believe Full House Resorts is more favorable than Carnival.
Earnings & Valuation This table compares Carnival and Full House Resorts”s top-line revenue, earnings per share and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Carnival $26.62 billion 1.33 $2.76 billion $2.29 11.51 Full House Resorts $302.38 million 0.15 -$40.20 million ($1.02) -1.19 Carnival has higher revenue and earnings than Full House Resorts. Full House Resorts is trading at a lower price-to-earnings ratio than Carnival, indicating that it is currently the more affordable of the two stocks.
Institutional & Insider Ownership 67.2% of Carnival shares are held by institutional investors. Comparatively, 37.7% of Full House Resorts shares are held by institutional investors. 7.9% of Carnival shares are held by company insiders. Comparatively, 10.6% of Full House Resorts shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
Risk & Volatility Carnival has a beta of 2.38, meaning that its share price is 138% more volatile than the S&P 500. Comparatively, Full House Resorts has a beta of 1.41, meaning that its share price is 41% more volatile than the S&P 500.
Profitability This table compares Carnival and Full House Resorts’ net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Carnival 11.37% 24.83% 6.32% Full House Resorts -12.06% -473.31% -5.78% Summary Carnival beats Full House Resorts on 13 of the 15 factors compared between the two stocks.
About Carnival (Get Free Report)
Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn. The Europe and Asia (EA) Cruise Operations segment consists of AIDA, Costa, Cunard, and P&O Cruises (UK). The Cruise Support segment represents port destinations and private islands for the benefit of its cruise brands. The Tour and Other segment operates hotel and transportation operations of Holland America Princess Alaska Tours. The company was founded in 1972 and is headquartered in Miami, FL.
(Get Free Report)
Full House Resorts, Inc. owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States. It operates through Midwest & South, West, and Contracted Sports Wagering segments. The company's properties include American Place in Waukegan, Illinois; Silver Slipper Casino and Hotel in Hancock County, Mississippi; Rising Star Casino Resort in Rising Sun, Indiana; Bronco Billy's Casino and Chamonix Casino Hotel in Cripple Creek, Colorado; Stockman's Casino in Fallon, Nevada; and Grand Lodge Casino, located within the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada. It also offers online sports wagering services. The company was incorporated in 1987 and is headquartered in Las Vegas, Nevada.
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Shares of Carnival (CCL +0.84%) have taken a step back this year. They trade down about 13.7% so far in 2026 (as of Oct. 8). However, investors who look past the price chart will find a bargain deal just waiting to be discovered.
Here's one reason to buy this stock in October.
Image source: The Motley Fool.
During its fiscal 2026 third quarter (ended Aug. 31), Carnival reported record revenue of $8.4 billion and record net income of $1.9 billion. Customer deposits, a leading performance indicator, also set a record. Demand for cruise travel has been robust, despite investor concerns about the uncertain economy.
As we look ahead, it's easy to be bullish. "For full-year 2027, both booked occupancy and pricing are at record levels, providing a strong foundation for another year of solid yield growth," CEO Josh Weinstein said. The business has notable momentum on its side. That's encouraging to see, especially since the entire industry was decimated earlier in the decade due to the COVID-19 pandemic.
Premium Feature
Moneyball Superscore
69/100
Today's Change
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0.84
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0.22
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The key reason to buy the stock, however, is the valuation. With fundamentals like these, you might assume that shares are way too expensive. This isn't the case.
Carnival stock trades at a forward price-to-earnings ratio of just 8.4. That's more than a 50% discount to the S&P 500 index. If the company can maintain these positive trends, it's not unreasonable to believe the valuation multiple can rerate higher.
Neil Patel has no position in any of the stocks mentioned. The Motley Fool recommends Carnival Corp. The Motley Fool has a disclosure policy.
Onboard programming, culinary moments and exclusive shore excursions explore the history and spirit of the golden age of travel on Pan Am's 100th anniversary
Key Highlights:
Relive the glamour of Pan Am's golden age of travel through exclusive onboard experiences, including aviation historians and storytellers, reimagined Clipper Club programming and immersive presentations. Savor Pan Am-inspired culinary experiences featuring menus and cocktails inspired by dishes once served aboard Pan Am flights. Explore Pan Am's legendary routes ashore with excursions in destinations including Cartagena, Colón, Antigua and Trinidad, connecting guests to the people, places and aviation history that shaped one of the most iconic travel brands. , /PRNewswire/ -- Holland America Line is bringing the golden age of travel to life aboard its Pan Am 100th Anniversary Legendary Voyage, with a curated collection of onboard experiences and shore excursions designed to immerse guests in the history, glamour and spirit of Pan Am's iconic Clipper era. From Pan Am-inspired dining and expert guest speakers to the return of the legendary Clipper Club and exclusive tours, the cruise will weave the airline's history into the journey from ship to shore.
The 28-day cruise aboard Zuiderdam sails roundtrip from Miami, Florida, departing Oct. 30, 2027, retracing portions of Pan Am's historic routes through the Caribbean and Central America. Along the way, guests will have opportunities to experience destinations through the lens of Pan Am's legacy while discovering the culture, history and attractions that make each place special today.
"Pan Am helped redefine what it meant to travel, turning the journey into an experience filled with discovery, connection and a sense of occasion," said Paul Grigsby, vice president of itinerary planning and deployment for Holland America Line. "With this cruise, we're bringing that era to life while merging elements of Pan Am's storied history with Holland America Line's signature experiences, giving guests a chance to see how the legacies of two travel brands come together in ways that feel authentic to both, from the ship to the destinations along the way."
Exploring Pan Am's history
On board, guests can delve deeper into the iconic airline's history through a series of special programs and presentations from Pan Am and aviation historians and experts. These experts will explore the people, aircraft and destinations that shaped the airline's story:
Actor and storyteller Willie Aames will discuss Pan Am's pioneering spirit, from the people and innovations that helped build the world's first global airline to the extraordinary Pacific Clipper journey during World War II. Known globally for his starring roles in "Eight is Enough" and "Charles in Charge," Aames transitioned from his filmmaking roots into telling some of the great tales of our times. Linda Freire, chair and co-founder of the Pan Am Museum Foundation, will share an insider's perspective on Pan Am's people, culture and global legacy, drawing on her career as a flight attendant, recruiter, manager and aviation leader. From helping build Pan Am's workforce around the world to preserving its history today, Freire will offer firsthand stories about the airline's impact on employees, passengers and the evolution of international travel. Alaska-born Steve Gray, an international guest speaker and storyteller, will delve into Pan Am's golden age of travel, from the airline's luxurious Flying Clippers and pioneering routes through South America to the fascinating stories behind its enduring visual legacy. With a lifelong connection to flight and a family aviation heritage, Gray combines travel history, culture and firsthand adventure to capture the romance and history of Pan American World Airways. David Hinson, vice chairman of the Pan Am Museum Foundation, will explore the airline's service culture and enduring influence on global aviation. Drawing on his experience in flight attendant training, leadership development and customer service, Hinson will share stories from his years with Pan Am and discuss how the airline's commitment to excellence helped shape modern air travel. David Kliman, global hospitality and travel industry leader, will share firsthand stories from decades of flying Pan Am, drawing from his extensive collection of airline memorabilia and experiences as a longtime pilot and frequent Pan Am passenger. With more than four million airline miles logged, Kliman will offer a personal perspective on Pan Am's premium passenger experience and the evolution of global air travel. The voyage also will recreate elements of the Clipper Club, Pan Am's exclusive network of private airport lounges that became synonymous with the airline's premium travel experience. The Clipper Club offered Pan Am passengers a dedicated space to relax, dine and socialize before and between flights. On board Zuiderdam, guests will encounter moments inspired by the original Clipper Club and get a taste of the welcoming atmosphere and hospitality that extended beyond the aircraft.
Pan Am-inspired culinary experiences
Pan Am's influence comes through in a selection of special menus inspired by dishes served during the airline's celebrated era of travel, giving guests a taste of the cuisine once associated with flying Pan Am.
Example dishes include Cocktail de Crevettes (jumbo shrimp, boiled egg, asparagus, Louis dressing); Cream of Tomato Soup; Broiled Filet Mignon Maître d'Hôtel with croquette potatoes and jardinière vegetables; Eggplant Cannelloni Parmigiano with asparagus risotto; Sole en Croûte (Filets of Dover sole with crabmeat filling, baked in puff pastry); and Soufflé Grand Marnier with crème anglaise.
A special cocktail menu is inspired by Pan Am's legacy, with each drink offering a reimagined take on the flavors and traditions associated with the airline. Examples include:
The Pan Am Cocktail, paying tribute to Pan Am's pioneering history with light white rum, Campari, orgeat, lemon juice and egg white, topped with aromatic bitters. The Clipper Cocktail, which was served aboard flying boats and is made with Mount Gay Eclipse rum, Dolin Blanc and grenadine garnished with a lemon twist. "We'll be marking 100 years of Pan Am at the start of this cruise, and I can't think of a better way for our biggest fans and new fans to celebrate," said Craig Carter, CEO, Pan Am Global Holdings. "Not only is the cruise itinerary reminiscent of our early days of the Flying Clippers, but the onboard experience we are creating with Holland America will bring to life a special time in the history of travel."
Shore excursions trace Pan Am's history
Several tours have been curated exclusively for the Pan Am cruise, connecting guests to the airline's history in the region while offering a deeper look at the destinations themselves. Designed around places and experiences that intersect with Pan Am's historic routes, the excursions explore local history, landmarks and cultural experiences.
Select Pan Am tours created for this cruise include:
Cartagena, Colombia: "Pan Am's Golden Age: Cartagena's Jet Set" tour includes exploring in a fleet of classic roadsters, tasting local fare and learning about the city's reputation as a destination for world-class emeralds during the Pan Am era. Colón, Panama: Explore the Agua Clara Locks and Panama Canal Railway, connecting two landmarks to the transportation network that helped make travel through the region possible and Pan Am the top choice for discerning travelers. St. John's, Antigua: Follow in the footsteps of Pan Am navigators on a "High Point" tour to Shirley Heights, where sweeping views of the harbor offer a perspective similar to the one navigators used to guide their aircraft into port. Port of Spain, Trinidad & Tobago: On the "Pan Am's Caribbean: Wings of Trinidad" tour, explore Pan Am's pioneering role in Caribbean aviation at Chaguaramas, the former Pan Am flying boat base where the Clippers once landed. Visit the Chaguaramas Military History & Aerospace Museum, connecting Pan Am's Caribbean routes with the region's broader aviation history. With Pan Am woven throughout the journey and Holland America Line's signature service and destination-focused approach at the heart of the voyage, each day offers another connection to the people and places that made this era of travel memorable.
For more information about Holland America Line or to book the Pan Am 100th Anniversary Legendary Voyage, consult a travel advisor, call 1-877-SAIL HAL (877-724-5425) or visit hollandamerica.com.
Find Holland America Line on Facebook, Instagram and the Holland America Blog. You can also access all social media outlets via the home page at hollandamerica.com.
About Holland America Line
Holland America Line has been exploring the world for more than 150 years with expertly crafted itineraries, extraordinary service and genuine connections to the destinations. Offering a perfectly-sized ship experience, its fleet of 11 vessels visits nearly 400 ports in 114 countries around the world and has shared the thrill of Alaska for more than 75 years — longer than any other cruise line. Savour the Journey isn't just a tagline, it's a reinforcement that the cruise line provides experiences too good to hurry through, connecting travelers to the world and each other. Award-winning enrichment programming, entertainment and cuisine that brings each locale on board, including a revolutionary Global Fresh Fish Program, put Holland America Line at the forefront of premium cruising. Holland America Line is part of Carnival Corporation, the world's largest cruise company with a portfolio of cruise lines operating in over 800 ports & destinations worldwide. (NYSE: CCL).
About Pan American Global Holdings®
Pan American Global Holdings® is the parent company stewarding the revival of Pan Am® — the world's most iconic name in travel. Building on nearly a century of heritage, the company is dedicated to reimagining Pan Am for a new generation through divisions spanning Travel, Brands, Experience, Hotels, Journeys, and more. With a mission to bring back the spirit of connection and adventure that defined the original Pan Am World Airways®, the brand continues to celebrate innovation, cultural diplomacy, and timeless design. Learn more at panam.com.
Pan American World Airways, LLC® ("Pan Am") is the owner of the Pan Am® name, marks, and associated intellectual property, used under license by Holland America Line for this collaboration. Throughout this release, "Pan Am" refers to Pan American World Airways, LLC®, and the marks are used with permission.
Carnival (CCL - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this cruise operator have returned +15.2% over the past month versus the Zacks S&P 500 composite's +1.4% change. The Zacks Leisure and Recreation Services industry, to which Carnival belongs, has lost 3.6% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Carnival is expected to post earnings of $0.23 per share, indicating a change of -32.4% from the year-ago quarter. The Zacks Consensus Estimate has changed -17% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $2.26 points to a change of +0.4% from the prior year. Over the last 30 days, this estimate has changed +2.1%.
For the next fiscal year, the consensus earnings estimate of $2.55 indicates a change of +13.2% from what Carnival is expected to report a year ago. Over the past month, the estimate has changed -1.2%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Carnival.
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Carnival, the consensus sales estimate of $6.45 billion for the current quarter points to a year-over-year change of +1.8%. The $27.72 billion and $28.58 billion estimates for the current and next fiscal years indicate changes of +4.1% and +3.1%, respectively.
Last Reported Results and Surprise HistoryCarnival reported revenues of $8.44 billion in the last reported quarter, representing a year-over-year change of +3.5%. EPS of $1.43 for the same period compares with $1.43 a year ago.
Compared to the Zacks Consensus Estimate of $8.36 billion, the reported revenues represent a surprise of +0.87%. The EPS surprise was +5.15%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Carnival is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Carnival. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Five cruises aboard the transformed Oosterdam, spanning the Mediterranean, Atlantic and Caribbean, are now on sale for 2027
, /PRNewswire/ -- Holland America Line has opened bookings for five newly added voyages aboard Oosterdam following the ship's transformation through Holland America Evolution, the cruise line's largest fleet investment in its 153-year history. The new cruises give guests additional opportunities to experience the reimagined ship beginning Oct. 31, 2027.
As announced in September, Oosterdam's Evolution transformation will now begin earlier than previously scheduled, meeting strong guest demand for cruises aboard the reimagined ship. Leading the collection is the inaugural post-Evolution voyage, a 10-Day Adriatic Antiquities cruise from Rome to Trieste that explores the ancient wonders of Pompeii and Sicily, the Greek island of Corfu, Montenegro's spectacular Bay of Kotor, and Croatia's Adriatic coast. Together, the new voyages give guests the opportunity to be among the first aboard as Oosterdam begins her next chapter following her transformation in Marseille, France.
"One of the great joys of travel is being among the first to discover something new, and these voyages give guests that opportunity aboard Oosterdam," said Beth Bodensteiner, president of Holland America Line. "As the first ship to emerge from Holland America Evolution, Oosterdam marks the beginning of an exciting new era for our fleet. We're delighted to welcome guests aboard these inaugural post-Evolution sailings and invite them to be among the first to experience a transformation that builds on everything they love about Holland America Line while introducing what comes next."
Oosterdam's return to service marks the next phase of Holland America Evolution, a multiyear modernization designed to bring the best of the fleet's Pinnacle Class experience to more ships, along with new venues and accommodations. Guests aboard the transformed Oosterdam will enjoy new stateroom and suite categories, including purpose-built Solo Verandahs, forward-facing Bridgeview Suites, Vista Suites and a reimagined Pinnacle Suite.
The ship also will debut Grand Dutch Café and a redesigned Ocean Bar, bringing some of the most popular features from Holland America Line's Pinnacle Class ships to Oosterdam. Refreshed accommodations and public spaces will complement the premium service, carefully crafted itineraries and welcoming atmosphere that have long defined the Holland America Line experience.
Oosterdam's first post-Evolution voyages
Following her drydock, Oosterdam will embark on her inaugural post-transformation voyage: a 10-day Adriatic Antiquities sailing from Civitavecchia (Rome) to Trieste, Italy, departing Oct. 31, 2027. Guests aboard the cruise will be among the first to experience the reimagined ship while visiting destinations in Italy, Greece, Montenegro and Croatia.
Four additional voyages will carry Oosterdam from the Mediterranean to the Caribbean:
11-Day Adriatic Antiquities: Croatia, Greek Isles & Istanbul departing Nov. 10, 2027, from Trieste to Piraeus (Athens), Greece. 7-Day Mediterranean Splendor: Greek Isles & Malta departing Nov. 21, 2027, from Piraeus to Barcelona, Spain. 13-Day Cultural Crossing: Spain & Gibraltar departing Nov. 28, 2027, from Barcelona to Fort Lauderdale, Florida. 11-Day Caribbean Cruise departing Dec. 11, 2027, roundtrip from Fort Lauderdale. Together, the voyages offer guests the opportunity to experience Oosterdam's Evolution enhancements across three regions while being among the first travelers to sail aboard the transformed ship.
Additional details about Holland America Evolution and upcoming ship transformations are available at hollandamerica.com/evolution. For more information about Holland America Line or to book a cruise, consult a travel advisor, call 1-877-SAIL HAL (877-724-5425) or visit hollandamerica.com.
Find Holland America Line on Facebook, Instagram and the Holland America Blog. You can also access all social media outlets via the home page at hollandamerica.com.
About Holland America Line
Holland America Line has been exploring the world for more than 150 years with expertly crafted itineraries, extraordinary service and genuine connections to the destinations. Offering a perfectly-sized ship experience, its fleet of 11 vessels visits nearly 400 ports in 114 countries around the world and has shared the thrill of Alaska for more than 75 years — longer than any other cruise line. Savour the Journey isn't just a tagline, it's a reinforcement that the cruise line provides experiences too good to hurry through, connecting travelers to the world and each other. Award-winning enrichment programming, entertainment and cuisine that brings each locale on board, including a revolutionary Global Fresh Fish Program, put Holland America Line at the forefront of premium cruising. Holland America Line is part of Carnival Corporation, the world's largest cruise company with a portfolio of cruise lines operating in over 800 ports & destinations worldwide. (NYSE: CCL).
Business is booming, and costs are also increasing.
*Stock prices used were the afternoon prices of Oct. 4, 2026. The video was published on Oct. 6, 2026.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Carnival Corp. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Cruise stocks are surging together while the broader market barely budges, but one operator has lost 30% this year and a single strong session only scratches the surface of that deficit.
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Cruise stocks are trading as a single block, and the rally is giving Norwegian Cruise Line Holdings (NYSE:NCLH | NCLH Price Prediction) stock a lift it hasn’t enjoyed often this year. Shares of Royal Caribbean Group (NYSE:RCL) and Carnival (NYSE:CCL) are moving higher by similar margins, a pattern that points to demand reaching the entire industry. Norwegian stock trades at $15.55, up 5% as the session continues.
Also climbing, Royal Caribbean stock is at $286.41, a 4% gain that nearly matches the leader. Carnival stock is at $26.50, up 4% and keeping pace with its larger rival.
As a broad-market gauge, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 0.7%. The Energy Select Sector SPDR ETF (NYSEARCA:XLE) is up 0.9%, and because fuel is one of the largest cost inputs for a cruise operator, the energy fund serves as a cost-side read on the group. Both funds trail the three cruise names by a wide margin, which makes the industry move stand out.
Matching Gains Point to Sector-Wide Demand With shares of Norwegian, Royal Caribbean and Carnival all rising by similar amounts while both funds move far less, the session reads as a demand story reaching the whole cruise group. No announcement dated to this session explains the move in Norwegian stock.
Norwegian stock is down 30% year to date (YTD), and one strong gain barely reduces that deficit. In contrast, Royal Caribbean stock is up 4% YTD. Carnival stock is down 12% over the same stretch, a far softer loss that leaves Norwegian stock the clear laggard of the three.
All three operators run the same basic business, which makes the gap stand out. Across three brands, Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises, Norwegian runs 35 ships with roughly 75,000 berths serving about 700 destinations.
Norwegian is also expanding Great Stirrup Cay, its private Bahamas island, and has 16 further ships on order through 2037, which would add roughly 43,000 berths.
Newbuild Orders Cut Both Ways Norwegian’s upside hinges on the newbuild pipeline and the private island, both built to lift onboard spending per passenger and give the company a revenue driver beyond filling more cabins.
However, 16 ships through 2037 is a long capital commitment for Norwegian, whose shares have fallen 30% this year. The same orders that support the company’s revenue case also fix its spending for more than a decade, which limits flexibility if the recovery runs longer than planned.
What to Watch Next A 5% gain in Norwegian stock fits a group-wide move, so the durability of cruise demand across all three operators matters more than any single session. The question now is whether Royal Caribbean and Carnival shares keep moving in step with Norwegian stock, since a split would put the spotlight back on the recovery.
Norwegian’s recovery strategy, with its brand repositioning, revenue management and cost work, is the variable that could decide whether the stock narrows its gap with the larger operators, given its 30% YTD decline and the long spending commitment tied to its newbuild orders.
Contact [email protected] for any questions or corrections.
Carnival Corporation (NYSE:CCL) stock is trading higher Tuesday as crude oil prices fall. The cruise operator reported third-quarter results last week that beat analyst estimates and raised its fiscal 2026 earnings outlook.
The Nasdaq is up 0.57% while the S&P 500 has gained 0.65%.
• Carnival stock is among today’s top performers. What’s fueling CCL momentum?
Crude oil traded around $89.5 a barrel Tuesday after falling below $87 earlier in the session as supply concerns resurfaced. Carnival operates a fuel-intensive fleet, so energy price changes affect its bottom line, according to Trading Economics.
Q3 Earnings Top EstimatesCarnival reported adjusted earnings per share (EPS) of $1.43, against the $1.36 analyst estimate. Revenue rose 3.5% year over year to $8.44 billion, above the $8.30 billion estimate. Customer deposits reached a third-quarter record of $7.6 billion.
On the earnings call, CEO Josh Weinstein said vacation demand remains resilient despite weaker consumer confidence, higher gasoline prices and inflation pressures. He said "vacations are sacrosanct" and consumers prioritize travel "in good times and in bad."
Carnival raised its fiscal 2026 adjusted EPS guidance to about $2.24 from $2.22. For the fourth quarter, it expects adjusted EPS of about 20 cents, below the 26-cent estimate
Analyst ForecastsOf 24 analysts, 20 rate the stock Buy and four rate it Hold. The consensus forecast of $33 implies about 24.7% upside. On Oct. 1, Freedom Broker raised its forecast to $36 from $35, while Argus Research cut its forecast to $30 from $35. Both kept Buy ratings.
Technical AnalysisAt $26.64, the stock is trading above its 20-day SMA ($23.21), 50-day SMA ($25.25), and 100-day SMA ($26.30), but it’s still about 3% below its 200-day SMA ($27.46). That "back above the shorter averages, still under the long one" setup often marks a transition zone where rallies need follow-through to turn into a cleaner uptrend.
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The bigger-picture trend is still carrying baggage, though, with a Death Cross in March (the 50-day SMA below the 200-day SMA) and the 20-day SMA still below the 50-day SMA. That’s why traders will likely treat strength as "prove it" price action until the stock can build acceptance above longer-term resistance.
Key Resistance: $30 Key Support: $21.50 CCL Stock Price Activity: Carnival shares were up 3.60% at $26.48 at the time of publication on Tuesday, according to Benzinga Pro data.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Princess' Sphere Class Ships, Sun Princess and Star Princess, Earn Top Honors from Readers
, /PRNewswire/ -- Princess Cruises' has been named the #1 Mega Cruise Ship in the prestigious Condé Nast Traveler 2026 Readers' Choice Awards, earning one of the travel industry's most coveted honors and further establishing Princess' next-generation Sphere Class ships, Sun Princess and Star Princess, among the world's most celebrated for their innovative design, exceptional experiences and distinctly Princess service.
Star Princess Named #1 Mega Cruise Ship in Condé Nast Traveler 2026 Readers’ Choice Awards The recognition reflects the votes of Condé Nast Traveler readers and celebrates the exceptional cruise experience found aboard Princess' newest generation of ships, where innovative design, world-class dining and entertainment, inviting accommodations and warm, personalized service come together to create unforgettable vacations at sea.
"Being recognized, once again, by the readers of Condé Nast Traveler is an incredible honor and a tremendous testament to our entire Princess team," said Marie Lee, Princess Cruises Chief Marketing Officer. "Our Sphere-Class ships were designed to bring together everything guests love about Princess while introducing beautiful new spaces, experiences and innovations. Most importantly, this recognition belongs to our remarkable crew members who bring the Princess experience to life each day on every voyage with genuine warmth, dedication and hospitality."
A New Generation of Princess Ships
With itineraries spanning Alaska (Star), the Mediterranean (Sun), Caribbean and beyond, the 177,000-ton, 4,300-guest Sun Princess and Star Princess represent a new generation of Princess ships, combining expansive ocean views and dramatic architectural spaces with the intimate, personalized service for which Princess is known.
The 2026 honor marks the third consecutive year Sun Princess has earned the top spot in the Mega Cruise Ship category, following wins in 2024 and 2025, while marking an impressive milestone for Star Princess in her first year of eligibility for the Readers' Choice Awards, following her recognition earlier this year on Condé Nast Traveler's prestigious 2026 Hot List.
Spectacular Spaces, Unforgettable Experiences
Designed to bring guests closer to the sea while introducing an array of new experiences, Sun Princess and Star Princess offer standout venues, dining, entertainment, and accommodations throughout the ship. Highlights include:
Showstopping Spaces: The Dome, a stunning glass-enclosed venue inspired by the terraces of Santorini; the soaring Piazza, surrounded by sweeping ocean views; and the technologically advanced Princess Arena. A Culinary Journey at Sea: An impressive collection of dining and beverage experiences, including Love by Britto, Makoto Ocean and The Butcher's Block by Dario, complemented by an extensive array of restaurants, bars and lounges. An Elevated Escape: The Sanctuary Collection offers an exclusive private retreat with premium accommodations and amenities, including the Sanctuary Club, Sanctuary Restaurant and Suite Lounge. Entertainment Created for Sphere Class: Original production shows, live music, immersive performances and experiences designed specifically for Princess' newest generation of ships. The Condé Nast Traveler Readers' Choice Awards are among the longest-running and most respected recognition programs in the travel industry, with readers annually sharing their favorite travel experiences around the world across hotels, resorts, destinations, airlines, cruise lines and more.
Building on the Sphere-Class Legacy
Launched in 2024 as Princess' first Sphere-Class ship, Sun Princess ushered in a new era for the cruise line. Sister ship Star Princess debuted in October 2025 as the second Sphere-Class ship in the Princess fleet, building on the innovative design and guest experiences introduced by the new class.
Additional information about Princess Cruises is available through a professional travel advisor, by calling 1-800-PRINCESS (1-800-774-6237) or visiting www.princess.com.
About Princess Cruises:
Princess Cruises, the original Love Boat, has been creating enriching vacations shaped by discovery, human connection, and personalized service for more than 60 years. Sailing to more than 345 destinations in over 90 countries across all seven continents, Princess invites millions of guests to experience new places, people, and cultures in meaningful ways. Recognized as the world's most iconic cruise brand, Princess is known for thoughtfully curated global itineraries, well-appointed staterooms, exceptional dining and entertainment, and immersive experiences onboard and ashore. By bringing together thoughtful service, elevated experiences, and extraordinary destinations, Princess creates meaningful moments, lasting connections and stories worth sharing long after the journey ends. Princess Cruises is part of Carnival Corporation, the world's largest cruise company, with a portfolio of cruise lines operating in more than 800 ports and destinations worldwide (NYSE: CCL).
Vista Class ship joins fleet in 2029, adding guest capacity and extending Holland America Evolution to another perfectly sized ship
, /PRNewswire/ -- Holland America Line announced today that it will expand its fleet to 12 ships with the addition of the Vista Class vessel Arcadia in 2029. P&O Cruises will transfer the ship to Holland America Line, strengthening the premium cruise line's capacity, supporting continued demand growth and providing another platform for the ongoing Holland America Evolution transformation program.
Joining the Holland America Line fleet in 2029, Arcadia will add capacity for more than 2,000 guests and provide greater flexibility across the cruise line's global deployment. The addition of Arcadia will grow Holland America Line's fleet by over 2,000 guests while providing additional flexibility to further develop the cruise line's award-winning global deployment. Arcadia shares the same Vista Class platform as Holland America Line ships Oosterdam, Noordam, Westerdam and Zuiderdam.
"Holland America Line continues to see strong demand from guests seeking immersive travel experiences, genuine hospitality, and perfectly sized ships," said Beth Bodensteiner, president of Holland America Line. "Adding Arcadia allows us to welcome more guests while building on everything they already love about our brand. As a Vista Class ship, she is a natural fit and an exciting extension of Holland America Evolution, the largest guest experience transformation in our 153-year history."
Building on Holland America Evolution
The addition of Arcadia builds on the success of Holland America Evolution, a multiyear investment designed to add new venues, restaurants and staterooms along with the best features of Pinnacle Class ships to more of the fleet while preserving the spacious, mid-sized ship experience guests love. New features already revealed for Oosterdam and Zuiderdam include the popular Grand Dutch Café, a renovated Ocean Bar, expansive Bridgeview Suites and purpose-built Solo Verandah cabins.
Oosterdam will debut its evolution in fall 2027, with Zuiderdam following in April 2028. Venues and features to be added to Arcadia will be determined in the next several months.
Supporting Future Growth and Deployment
The addition of Arcadia brings more deployment flexibility to Holland America while providing a faster path to growth and complementing the company's long-term fleet modernization strategy.
"We create experiences for the curious, offering new perspectives and deeper connections to the world and each other," said Bodensteiner. "Whether it's strengthening our presence in favorite destinations or opening opportunities to sail in new ways, this additional capacity helps us offer even more choices to travelers who believe the journey should be as rewarding as the destination.
"At the same time, this is one chapter in a larger story. It supports our near-term growth while fitting alongside the company's broader approach to modernization and future fleet expansion, including the thoughtful consideration of newbuilds. There's more to come as we continue investing in our fleet and guest experience."
As Arcadia moves to the Holland America fleet, P&O Cruises will welcome Queen Anne from sister cruise line Cunard. The 3,000-passenger ship will undergo extensive design changes in 2029 to align with the P&O Cruises fleet. Details are available at www.pocruises.com.
Further details regarding future deployment and design for Arcadia and the other ships undergoing Holland America Evolution will be shared in the coming months and will be updated in real time at hollandamerica.com/evolution.
Find Holland America Line on Facebook, Instagram and the Holland America Blog. You can also access all social media outlets via the home page at hollandamerica.com.
About Holland America Line
Holland America Line has been exploring the world for more than 150 years with expertly crafted itineraries, extraordinary service and genuine connections to the destinations. Offering a perfectly-sized ship experience, its fleet of 11 vessels visits nearly 400 ports in 114 countries around the world and has shared the thrill of Alaska for more than 75 years — longer than any other cruise line. Savour the Journey isn't just a tagline, it's a reinforcement that the cruise line provides experiences too good to hurry through, connecting travelers to the world and each other. Award-winning enrichment programming, entertainment and cuisine that brings each locale on board, including a revolutionary Global Fresh Fish Program, put Holland America Line at the forefront of premium cruising. Holland America Line is part of Carnival Corporation, the world's largest cruise company with a portfolio of cruise lines operating in over 800 ports & destinations worldwide. (NYSE: CCL).
Holland America Line Expands to 12 Ships with Addition of ArcadiaPR Newswire
SEATTLE, Oct. 6, 2026
Vista Class ship joins fleet in 2029, adding guest capacity and extending Holland America Evolution to another perfectly sized ship
, /PRNewswire/ -- Holland America Line announced today that it will expand its fleet to 12 ships with the addition of the Vista Class vessel Arcadia in 2029. P&O Cruises will transfer the ship to Holland America Line, strengthening the premium cruise line's capacity, supporting continued demand growth and providing another platform for the ongoing Holland America Evolution transformation program.
The addition of Arcadia will grow Holland America Line's fleet by over 2,000 guests while providing additional flexibility to further develop the cruise line's award-winning global deployment. Arcadia shares the same Vista Class platform as Holland America Line ships Oosterdam, Noordam, Westerdam and Zuiderdam.
"Holland America Line continues to see strong demand from guests seeking immersive travel experiences, genuine hospitality, and perfectly sized ships," said Beth Bodensteiner, president of Holland America Line. "Adding Arcadia allows us to welcome more guests while building on everything they already love about our brand. As a Vista Class ship, she is a natural fit and an exciting extension of Holland America Evolution, the largest guest experience transformation in our 153-year history."
Building on Holland America Evolution
The addition of Arcadia builds on the success of Holland America Evolution, a multiyear investment designed to add new venues, restaurants and staterooms along with the best features of Pinnacle Class ships to more of the fleet while preserving the spacious, mid-sized ship experience guests love. New features already revealed for Oosterdam and Zuiderdam include the popular Grand Dutch Café, a renovated Ocean Bar, expansive Bridgeview Suites and purpose-built Solo Verandah cabins.
Oosterdam will debut its evolution in fall 2027, with Zuiderdam following in April 2028. Venues and features to be added to Arcadia will be determined in the next several months.
Supporting Future Growth and Deployment
The addition of Arcadia brings more deployment flexibility to Holland America while providing a faster path to growth and complementing the company's long-term fleet modernization strategy.
"We create experiences for the curious, offering new perspectives and deeper connections to the world and each other," said Bodensteiner. "Whether it's strengthening our presence in favorite destinations or opening opportunities to sail in new ways, this additional capacity helps us offer even more choices to travelers who believe the journey should be as rewarding as the destination.
"At the same time, this is one chapter in a larger story. It supports our near-term growth while fitting alongside the company's broader approach to modernization and future fleet expansion, including the thoughtful consideration of newbuilds. There's more to come as we continue investing in our fleet and guest experience."
As Arcadia moves to the Holland America fleet, P&O Cruises will welcome Queen Anne from sister cruise line Cunard. The 3,000-passenger ship will undergo extensive design changes in 2029 to align with the P&O Cruises fleet. Details are available at www.pocruises.com.
Further details regarding future deployment and design for Arcadia and the other ships undergoing Holland America Evolution will be shared in the coming months and will be updated in real time at hollandamerica.com/evolution.
Find Holland America Line on Facebook, Instagram and the Holland America Blog. You can also access all social media outlets via the home page at hollandamerica.com.
About Holland America Line
Holland America Line has been exploring the world for more than 150 years with expertly crafted itineraries, extraordinary service and genuine connections to the destinations. Offering a perfectly-sized ship experience, its fleet of 11 vessels visits nearly 400 ports in 114 countries around the world and has shared the thrill of Alaska for more than 75 years — longer than any other cruise line. Savour the Journey isn't just a tagline, it's a reinforcement that the cruise line provides experiences too good to hurry through, connecting travelers to the world and each other. Award-winning enrichment programming, entertainment and cuisine that brings each locale on board, including a revolutionary Global Fresh Fish Program, put Holland America Line at the forefront of premium cruising. Holland America Line is part of Carnival Corporation, the world's largest cruise company with a portfolio of cruise lines operating in over 800 ports & destinations worldwide. (NYSE: CCL).
View original content to download multimedia:https://www.prnewswire.com/news-releases/holland-america-line-expands-to-12-ships-with-addition-of-arcadia-302899305.html
Key Takeaways Carnival has about half of fiscal 2027 booked, with advance occupancy and pricing at record levels.Customer deposits reached a fiscal third-quarter record of about $7.6B, up roughly 7% year over year.Carnival's commercial execution, technology and differentiated vacation experiences support pricing momentum. Carnival Corporation Ltd. (CCL - Free Report) has approximately half of fiscal 2027 already booked, with advance occupancy and pricing at record levels. Strong reservations during the fiscal third quarter reinforced this position, while customer deposits reached a third-quarter record of approximately $7.6 billion, increasing about 7% year over year. Customer deposits increased even as passenger capacity is expected to remain broadly flat over the next 12 months.
Carnival’s advance booking momentum extends beyond fiscal 2027. Demand remains broad based, including healthy reservations for peak summer European itineraries. For fiscal 2028 sailings, Carnival has booked a higher proportion of capacity at higher prices than it had for fiscal 2027 sailings at the same point last year. Reservations are also being secured further ahead of departure, consistent with the company’s focus on managing bookings to support pricing.
However, the strength in Carnival’s fiscal 2027 booked position is concentrated in the second through fourth quarters. The spring booking disruption carried into first-quarter fiscal 2027 reservations, and the company continues to expect residual effects on those sailings.
Recent booking trends nevertheless show improvement. June marked an inflection point, followed by further acceleration in July and August. First-quarter fiscal 2027 bookings rebounded meaningfully over the past three months.
Carnival’s strategy to sustain pricing momentum combines sharper commercial execution, technology that improves decision-making and investments in differentiated vacation experiences. Its European, Alaskan and Caribbean deployments also remain central to its plans for continued yield growth.
CCL’s Price Performance, Valuation & EstimatesShares of Carnival have dropped 6.4% in the past three months compared with the industry’s decline of 2.9%. In the same time frame, other industry players like Royal Caribbean Cruises Ltd. (RCL - Free Report) have declined 3.5%, while Norwegian Cruise Line Holdings Ltd. (NCLH - Free Report) has lost 21.4%.
CCL Stock’s Three-Month Price Performance
Image Source: Zacks Investment Research
CCL stock is currently trading at a discount. It is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 10.27, well below the industry average of 15.81. Then again, other industry players, such as Royal Caribbean and Norwegian Cruise, have P/E ratios of 14.20 and 10.56, respectively.
CCL’s P/E Ratio (Forward 12-Month) vs. Industry
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Carnival’s fiscal 2026 earnings per share has declined from $2.23 to $2.26 over the past 30 days.
EPS Trend of CCL Stock
Image Source: Zacks Investment Research
The company’s fiscal 2026 earnings are likely to increase by 0.4% year over year. Conversely, industry players like Royal Caribbean are likely to witness growth of 13.8% year over year in 2026 earnings. NCLH is likely to project a fall of 26.1% year over year in 2026 earnings.
CCL stock currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The cruise line unveils more ways to experience the Great Land in 2027 and reflects on the community support in 2026 ahead of milestone anniversary
Key Highlights
Eight decades of Alaska expertise set the stage for an exciting 2027 season, with Holland America introducing new cruises, new Denali accommodations and immersive ways to explore the Great Land by sea, rail and land. Six ships will sail Alaska from April through September 2027, including a new eight-day Alaska Inside Passage cruise, enhanced Denali Cruisetours, and the return of the 28-day Legendary Alaska Arctic Circle Solstice. In 2026, Holland America continued to enhance the Alaska experience with new culinary and beverage offerings and expanded opportunities to explore the region, and it donated more than $320,000 to local organizations operating in port communities in Alaska. , /PRNewswire/ -- As Holland America's 2026 Alaska season ends, the cruise line is looking ahead to next summer's milestone season celebrating 80 years of exploring the Great Land. For eight decades, Holland America has built a depth of knowledge in Alaska, helping shape an experience that brings the destination to life both on board and ashore. That expertise gives guests more ways to see Alaska's wildlife and witness its glaciers than any other cruise line, from immersive wilderness exploration to signature glacier-viewing.
Westerdam cruising through Glacier Bay in Alaska That deep Alaska knowledge comes through in the details of the journey, from fresh, local seafood served on every Alaska sailing to stays at Holland America Denali Lodge and the only opportunity to combine a cruise with a visit to the Yukon. Holland America has been connected to Alaska since before it was a state, and that relationship continues not only through its cruises and overland tours, but with support for the communities it visits.
"Alaska has been an important part of Holland America Line's story for nearly 80 years, and we're already preparing to mark this milestone following a successful 2026 season," said Beth Bodensteiner, president of Holland America Line. "Our decades of experience in Alaska give us a deep understanding of what makes this destination so special, and that knowledge helps us create experiences that allow our guests to connect with the state in meaningful ways. We're proud of the memories we created this season and the relationships we continue to build in the communities we visit."
Looking forward to a milestone year exploring Alaska
Holland America will make its 80th year exploring Alaska one to remember, with six ships sailing from Seattle; Vancouver, Canada; and Whittier, Alaska, from April through September 2027: Eurodam, Koningsdam, Nieuw Amsterdam, Noordam, Westerdam and Zaandam. To mark the anniversary, guests can look forward to new ways to discover Alaska with new itineraries, exclusive celebrations, special culinary moments, and enrichment and entertainment experiences commemorating the milestone.
Next season Holland America also will debut a significant addition to Holland America Denali Lodge with the opening of new guest accommodations as part of a broader enhancement and expansion of the line's property at the doorstep of Denali National Park and Preserve.
2027 Alaska highlights:
NEW: An eight-day "Alaska Inside Passage" cruise takes guests roundtrip from Vancouver through the storied Inside Passage before a visit to Glacier Bay and calls at Skagway, Ketchikan and British Columbia's Prince Rupert. The popular 28-day "Legendary Alaska Arctic Circle Solstice" cruise returns for a third year. Departing June 6 in time for the Summer Solstice, the Noordam voyage sails roundtrip from Seattle to the Bering Sea and into the Arctic Circle. Combining Alaska with more wildlife and the rugged nature of British Columbia is a seven-day "Great Bear Rainforest" cruise aboard Noordam and two sailings of an 18-Day "Great Bear Rainforest & Alaska Explorer" aboard Zaandam. Renovations at Holland America Denali Lodge will be completed in 2027, further enhancing the guest experience at the property. Final enhancements include: Construction of two new guest buildings replacing older structures, equating to new rooms and an increase in Lodge capacity by 72 rooms. A refresh and redesign of the Main Lodge interiors and public spaces. Full renovation of Grizzly Grind, a coffee shop for guests. The 2027 season builds on the momentum of 2026, a season marked by continued investment in bringing the Alaska experience to life.
2026 Alaska highlights:
Glaciers took center stage, with more than 150 opportunities to visit one or more of Alaska's iconic glaciated destinations: Glacier Bay National Park, Hubbard Glacier, Dawes Glacier and Endicott Arm. Shore excursions also offered the opportunity to visit additional glaciers like Mendenhall and Portage glaciers. Guests visiting Holland America Denali Lodge enjoyed a range of new culinary offerings with menus redesigned by Chef Ethan Stowell, where he expanded the use of local ingredients and flavors throughout the property's eateries. Furthermore, guests staying at the Lodge enjoyed renovated accommodations and refreshed public spaces. Acclaimed bartender Sam Ross created a menu of exclusive cocktails featured in the bars across the fleet in Alaska, including new Glacial Ice Cocktails. Holland America rolled out enhanced "Ultimate Alaska & Denali" Cruisetours, adding a tour director to join the multi-day inland adventure portion. Holland America Line continues to invest in Alaska communities
During the 2026 season, Holland America contributed more than $320,000 to organizations and initiatives across Anchorage, Juneau, Sitka, Ketchikan and Denali. Support included a $75,000 commitment to Ketchikan American Legion Post 3 and a $5,000 donation to Scouting America Troops 4 and 2004 through the cruise lines' Pennies program.
Included in that community investment, Holland America Line contributed $150,000 to the Alaska Wildlife Conservation Center to support animal care and development of the Holland America Moose Promenade. And through On Deck for a Cause, guests raised more than $60,000 for Alaska Geographic, the nonprofit education partner of Alaska's parks, forests, refuges and conservation lands.
As Holland America Line approaches its 80th year in Alaska, the cruise line remains committed to creating meaningful destination experiences and supporting the communities and landscapes that make the Great Land special.
For more information about Holland America Line or to book a cruise, consult a travel advisor, call 1-877-SAIL HAL (877-724-5425) or visit hollandamerica.com.
Find Holland America Line on Facebook, Instagram and the Holland America Blog. You can also access all social media outlets via the home page at hollandamerica.com.
About Holland America Line
Holland America Line has been exploring the world for more than 150 years with expertly crafted itineraries, extraordinary service and genuine connections to the destinations. Offering a perfectly-sized ship experience, its fleet of 11 vessels visits nearly 400 ports in 114 countries around the world and has shared the thrill of Alaska for more than 75 years — longer than any other cruise line. Savour the Journey isn't just a tagline, it's a reinforcement that the cruise line provides experiences too good to hurry through, connecting travelers to the world and each other. Award-winning enrichment programming, entertainment and cuisine that brings each locale on board, including a revolutionary Global Fresh Fish Program, put Holland America Line at the forefront of premium cruising. Holland America Line is part of Carnival Corporation, the world's largest cruise company with a portfolio of cruise lines operating in over 800 ports & destinations worldwide. (NYSE: CCL).
Carnival (NYSE:CCL – Get Free Report) and Good Times Restaurants (NASDAQ:GTIM – Get Free Report) are both consumer discretionary companies, but which is the better investment? We will compare the two businesses based on the strength of their analyst recommendations, institutional ownership, profitability, risk, dividends, valuation and earnings.
Profitability This table compares Carnival and Good Times Restaurants’ net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Carnival 11.37% 24.83% 6.32% Good Times Restaurants 1.65% 6.47% 2.73% Analyst Ratings This is a summary of recent ratings and recommmendations for Carnival and Good Times Restaurants, as reported by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Carnival 0 6 21 1 2.82 Good Times Restaurants 1 0 0 0 1.00 Carnival currently has a consensus target price of $34.14, indicating a potential upside of 32.15%. Given Carnival’s stronger consensus rating and higher probable upside, analysts plainly believe Carnival is more favorable than Good Times Restaurants. Volatility and Risk Carnival has a beta of 2.38, indicating that its share price is 138% more volatile than the S&P 500. Comparatively, Good Times Restaurants has a beta of 0.6, indicating that its share price is 40% less volatile than the S&P 500.
Institutional & Insider Ownership 67.2% of Carnival shares are owned by institutional investors. Comparatively, 12.1% of Good Times Restaurants shares are owned by institutional investors. 7.9% of Carnival shares are owned by insiders. Comparatively, 26.5% of Good Times Restaurants shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
Earnings & Valuation This table compares Carnival and Good Times Restaurants”s revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Carnival $26.62 billion 1.30 $2.76 billion $2.29 11.28 Good Times Restaurants $135.10 million 0.12 $1.02 million $0.21 7.14 Carnival has higher revenue and earnings than Good Times Restaurants. Good Times Restaurants is trading at a lower price-to-earnings ratio than Carnival, indicating that it is currently the more affordable of the two stocks.
Summary Carnival beats Good Times Restaurants on 14 of the 15 factors compared between the two stocks.
About Carnival (Get Free Report)
Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn. The Europe and Asia (EA) Cruise Operations segment consists of AIDA, Costa, Cunard, and P&O Cruises (UK). The Cruise Support segment represents port destinations and private islands for the benefit of its cruise brands. The Tour and Other segment operates hotel and transportation operations of Holland America Princess Alaska Tours. The company was founded in 1972 and is headquartered in Miami, FL.
(Get Free Report)
Good Times Restaurants Inc., through its subsidiaries, engages in the restaurant business in the United States. It operates and franchises Good Times Burgers & Frozen Custard, an upscale quick-service drive-through dining restaurant; and owns, operates, franchises, and licenses Bad Daddy's Burger Bar, a full-service upscale casual dining restaurant. The company was incorporated in 1987 and is based in Golden, Colorado.
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Canada & New England season offers UNESCO sites, national parks and the regional debut of the reimagined Zuiderdam
, /PRNewswire/ -- Holland America Line opened bookings for its 2028 Canada & New England season. Featuring more calls to Montréal than any other cruise line, the season gives guests the opportunity to explore the region's coastal communities, natural wonders and maritime heritage aboard carefully crafted voyages throughout Atlantic Canada and New England.
The season operates from May through October 2028 aboard Volendam and Zuiderdam, marking the Canada & New England debut of the post-Evolution Zuiderdam. Cruises range from seven to 14 days, with longer Collectors' Voyages available, and depart from Montréal, Québec City, Boston, New York and Fort Lauderdale. Holland America Line's perfectly sized ships allow guests to sail farther into the region, exploring scenic waterways, historic ports and coastal communities throughout Atlantic Canada and New England. Select itineraries feature late-night calls in Charlottetown, Prince Edward Island, and Saint John, New Brunswick, along with overnight stays in Québec City, giving guests more time to experience the destinations ashore.
"One of the things guests love most about Canada & New England is that you can experience the feel of Europe without crossing the Atlantic," said Paul Grigsby, vice president of revenue planning and deployment for Holland America Line. "From the French influence of Montréal and Québec City to the maritime traditions of Atlantic Canada, the region offers an extraordinary mix of culture, history and natural beauty. We also bring those destinations to life on board through local entertainment, regional dining experiences and destination-focused programming, so the journey is just as immersive as the places we visit."
The destination experience extends on board through regional dining, local entertainment and destination-focused programming. From fresh Atlantic seafood and local specialties to performances by regional musicians like Breton Thunder, guests can continue connecting with the culture and traditions of Canada & New England throughout the voyage.
First ship in Canada & New England to feature Holland America Evolution
As part of the 2028 Canada & New England season, guests will have the opportunity to sail aboard Zuiderdam following its Evolution transformation—Holland America Line's largest fleet investment in its 153-year history. Zuiderdam marks the first post-Evolution ship to sail in Canada & New England, bringing the cruise line's enhanced onboard experience to the region for the first time.
Among the additions debuting aboard Zuiderdam are purpose-built Solo Verandah staterooms, expansive new Bridgeview Suites with panoramic forward-facing views, and the Grand Dutch Café, a guest favorite inspired by Holland America Line's Dutch heritage. The transformation also includes refreshed staterooms and suites, updated guest spaces and enhancements inspired by the line's Pinnacle Class ships.
Natural wonders and historic cities
Canada & New England combines vibrant cities, dramatic coastal landscapes and some of North America's most remarkable natural attractions. From the French influence of Montréal and Québec City to the rugged coastlines of Atlantic Canada and Newfoundland, the region offers a diverse blend of culture, history and scenery.
Holland America Line's perfectly sized ships allow guests to get closer to the destination, with access to five national parks, seven UNESCO World Heritage sites and ports larger vessels often cannot reach. Throughout the season, guests can explore iconic landmarks, scenic waterways and historic coastal communities while experiencing the region's rich maritime heritage.
Canada & New England's natural beauty extends beyond its landscapes to the wildlife that calls the region home. Throughout the season, guests may spot beluga whales in the Saguenay Fjord, humpback, finback and minke whales throughout Atlantic Canada, and puffins along Newfoundland's rugged coastline.
Itinerary highlights
7-Day Canada & New England
Itineraries sail throughout the season aboard Volendam and Zuiderdam between Boston and Montréal, Boston and Québec City, or roundtrip from Boston. Ports may include Prince Edward Island; Sydney and Halifax, Nova Scotia; Portland, Maine; Québec City; Montréal; and Saint John, New Brunswick. 9-Day Lighthouse & Harbors of Canada & New England
Sails aboard Volendam from Montréal to New York, departing Sept. 30, 2028. Calls include Québec City and Saguenay, Québec; Prince Edward Island; Sydney; Halifax; and Portland. 10-Day Canada & New England: Québec & Newfoundland
Sails aboard Volendam from Montréal to Boston, departing June 7, 2028. Calls include Québec City, Baie-Comeau and Havre-Saint-Pierre, Québec; Corner Brook, St. Anthony and St. John's, Newfoundland; Halifax; and Portland. 10-Day Canada & New England: New France & Newfoundland
Sails aboard Volendam from Boston to Montréal, departing Aug. 19, 2028. Calls include Portland, Halifax, St. John's, St. Anthony, Corner Brook, Québec City and Saguenay. 11-Day Canada & New England Circle: Maritimes & New France
Sails roundtrip from Montréal aboard Volendam, departing May 27 and Aug. 29, 2028. Calls include Québec City, Saguenay and Cap-aux-Meules, Québec; Prince Edward Island; Saint-Pierre and Miquelon; and St. John's. 14-Day Canada & New England: Atlantic & Colonial New England
Sails aboard Volendam from Fort Lauderdale to Montréal, departing May 13, 2028. Calls include Norfolk, Virginia; Boston; Portland; Halifax; Sydney; Prince Edward Island; Québec City; and Saguenay. 14-Day Canada & New England: Atlantic Coast & Québec
Sails aboard the post-Evolution Zuiderdam from Québec City to Fort Lauderdale, departing Oct. 14, 2028. Calls include Sept-Îles and Saguenay, Québec; Halifax; Sydney; Prince Edward Island; Boston; and Norfolk. Have It All Early Booking Bonus
For a limited time, guests booking select 2028 Canada & New England cruises can take advantage of Holland America Line's Have It All Early Booking Bonus, which includes shore excursion credit, specialty dining, an Elite Beverage Package, premium Wi-Fi, prepaid Crew Appreciation and the cruise line's Best Price Guarantee. Availability is limited and offer terms and conditions apply.
For more information about Holland America Line's shore excursions or to book a cruise, consult a travel advisor, call 1-877-SAIL HAL (877-724-5425) or visit hollandamerica.com.
Find Holland America Line on Facebook, Instagram and the Holland America Blog. You can also access all social media outlets via the home page at hollandamerica.com.
About Holland America Line
Holland America Line has been exploring the world for more than 150 years with expertly crafted itineraries, extraordinary service and genuine connections to the destinations. Offering a perfectly-sized ship experience, its fleet of 11 vessels visits nearly 400 ports in 114 countries around the world and has shared the thrill of Alaska for more than 75 years — longer than any other cruise line. Savour the Journey isn't just a tagline, it's a reinforcement that the cruise line provides experiences too good to hurry through, connecting travelers to the world and each other. Award-winning enrichment programming, entertainment and cuisine that brings each locale on board, including a revolutionary Global Fresh Fish Program, put Holland America Line at the forefront of premium cruising. Holland America Line is part of Carnival Corporation, the world's largest cruise company with a portfolio of cruise lines operating in over 800 ports & destinations worldwide. (NYSE: CCL).
CONTACT: Bill Zucker
PHONE: 800-637-5029, 206-626-9890
EMAIL: [email protected]
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
The analysis is provided exclusively for informational purposes and should not be considered professional investment advice. Before investing, please conduct personal in-depth research and utmost due diligence, as there are many risks associated with the trade, including capital loss.
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I have to admit that I got spooked when geopolitical tensions took center stage last February. As a long-term shareholder, I am still well and truly haunted by what happened. That said, I decided to take a bullish stance on Carnival after its Q2 print a few months ago based on two key expectations. After establishing the real reasons behind the CCL downturn and digesting the Q3 report, my conviction in Carnival has only gotten stronger.
Carnival Corporation Ltd (NYSE:CCL) on Tuesday reported better-than-expected third-quarter financial results and raised its FY26 adjusted EPS guidance above estimates.
Carnival reported quarterly earnings of $1.43 per share which beat the analyst consensus estimate of $1.36 per share. The company reported quarterly sales of $8.435 billion which beat the analyst consensus estimate of $8.300 billion.
Carnival raised its fiscal 2026 adjusted EPS guidance to about $2.24 from $2.22, above the $2.22 analyst estimate. The company expects adjusted net income of about $3.08 billion and adjusted EBITDA of about $7.14 billion.
For the fourth quarter, Carnival expects adjusted EPS of about 20 cents, below the 26-cent estimate. It also expects adjusted net income of about $274 million and adjusted EBITDA of about $1.30 billion.
“We delivered another quarter of top and bottom-line records, with accelerating demand and even stronger cost discipline driving results ahead of our expectations. This performance reinforces the underlying trajectory of our business and the consistency of our commercial execution, as evidenced by our sustained track record of high-quality same-ship yield growth,” said Carnival Corporation’s Chief Executive Officer Josh Weinstein.
Carnival shares gained 1% to trade at $25.37 on Wednesday.
These analysts made changes to their price targets on Carnival following earnings announcement.
BNP Paribas analyst Xian Siew maintained the stock with an Outperform rating and lowered the price target from $33 to $31. Mizuho analyst Ben Chaiken maintained the stock with an Outperform rating and cut the price target from $39 to $38. Considering buying CCL stock? Here’s what analysts think:
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Scientists, researchers, historians and seasoned experts bring decades of expedition expertise to Seabourn Venture and Seabourn Pursuit
KEY TAKEAWAYS:
Seabourn's 2026-2027 Antarctica season will feature expert-led expeditions aboard Seabourn Venture and Seabourn Pursuit.Each voyage is supported by a dedicated 21-member Expedition Team specializing in polar science, wildlife, conservation, geology, and history.Guests will learn directly from renowned scientists, researchers, naturalists, and educators through onboard lectures and guided exploration.Expedition leaders and specialists bring decades of Antarctic and global expedition experience, enhancing every aspect of the guest experience.The season includes 19 Antarctica departures between November 2026 and March 2027, ranging from 10 to 20 days., /PRNewswire/ -- Seabourn is bringing together an accomplished roster of polar experts, scientists, researchers, naturalists, historians and expedition leaders for its 2026-2027 Antarctica season aboard Seabourn Venture and Seabourn Pursuit, giving guests the opportunity to explore the White Continent alongside experts whose careers have been dedicated to understanding some of the world's most remote environments.
Each voyage will be led by a dedicated 21-member expedition team composed of experts in marine biology, wildlife research, conservation, geology, environmental science and polar history with extensive experience throughout Antarctica and Patagonia. Together, the team brings decades of polar and expedition experience, offering guests unparalleled insight into Antarctica's landscapes, ecosystems and rich history through engaging presentations, guided excursions and immersive onboard programming.
The expedition team members' credentials include affiliations with leading research and conservation organizations, including GLACIARIUM, one of the world's largest glacier museums, as well as hands-on work supporting Antarctic research vessels, marine mammal studies and oceanographic education programs around the world.
Carefully selected for their deep subject matter expertise, expedition experience, and ability to engage and inspire, Seabourn's Expedition Team helps guests go beyond simply seeing Antarctica to truly understand it. Through immersive shore landings, Zodiac cruises, wildlife encounters, daily briefings, educational lectures, fireside chats, and optional kayaking excursions, these experts provide context, perspective, and insight into one of the world's most remote and captivating regions. They will also share their knowledge through Seabourn Conversations, Seabourn's signature onboard enrichment program.
"Every member of our Expedition Team brings a unique perspective and passion for exploration," said Robin West, Vice President of Expeditions for Seabourn. "Their expertise is what sets Seabourn's expedition voyages apart. Time and again, guests tell us that the knowledge, enthusiasm, and personal insights shared by our team members transformed the way they experienced a destination. Whether identifying wildlife from a Zodiac, explaining the forces that shape a glacier, or sharing stories of legendary expeditions, they help bring each journey to life in a meaningful way."
Seasoned Leaders at the Helm
Leading Seabourn's Antarctica operations are Expedition Leaders Luciano Bernacchi, Ignacio Rojas, Juan Restrepo, Dom del Rosario, and Fridrik Fridriksson, supported by Assistant Expedition Leaders Joe Cockram, and Sean Bercaw. Collectively, they represent decades of expedition leadership and polar expertise, including more than 20 consecutive Antarctic seasons and extensive experience across every continent and ocean. Together, they oversee expedition planning and execution, ensuring each guest's experience is safe, engaging, and designed to maximize opportunities for exploration and discovery.
Experts Who Bring Antarctica to Life
The 2026-2027 team features an accomplished roster of lecturers and field experts whose specialties span marine biology, conservation, polar history, geology, wildlife research, and environmental science. Guests will have the opportunity to learn from distinguished professionals including marine mammal scientist and polar expert Dr. Sean Todd, wildlife expert and conservationist Brent Houston, ornithologist and expedition naturalist JJ Apestegui, archaeologist and Viking scholar Dr. Elizabeth Pierce, marine biologist and whale researcher Molly Gaughan, geologist and earth science educator Dr. Lori Snyder, astronomer and Indigenous cultures specialist Vishwa Rana, and marine ornithologist and seabird researcher Kim Stevens.
They will be joined throughout the season by Expedition Team members Emily Fosbery marine biologist and whale expert, Will Wagstaff wildlife expert and ornithologist, Demetri Capetanopoulos polar expedition specialist, Rorie Duncan ecologist and naturalist guide, and Dr. Jarrod McKenna reproductive biologist and science communicator, whose experience and diverse perspectives further enrich the journey. These experts represent just a selection of the Expedition Team members who will sail aboard Seabourn Venture and Seabourn Pursuit during the 2026-2027 Antarctica season. Together, the team's expertise helps illuminate every aspect of Antarctica, from its remarkable wildlife and fragile ecosystems to its history, geology, and enduring spirit of exploration.
Between November 2026 and March 2027, Seabourn Venture and Seabourn Pursuit will offer 19 departures roundtrip from Ushuaia to Antarctica, with voyages ranging from 10 to 12 days, as well as select 20-day departures featuring South Georgia and the Falkland Islands. All Antarctica voyages include a pre-cruise charter hotel stay in Buenos Aires and round-trip charter flights to Ushuaia, from where the ship will depart. More information about Seabourn's Antarctica expedition voyages is available here.
For reservations or more details, please contact a professional travel advisor; call Seabourn at 1-800-929-9391 or visit www.seabourn.com.
About Seabourn:
Seabourn represents the pinnacle of luxury ocean and expedition travel and operates a fleet of five modern ships. The all-inclusive, boutique ships offer all-suite accommodations with ocean-front views; award-winning dining; complimentary premium spirits and fine wines available at all times; renowned service provided by an industry-leading crew; a relaxed, sociable atmosphere that makes guests feel at home; a pedigree in expedition travel through the Ventures by Seabourn® program and two luxury purpose-built expedition ships, including Seabourn Venture that launched in 2022 and Seabourn Pursuit in 2023. Seabourn takes travelers to every continent on the globe, visiting more than 400 ports including marquee cities and lesser-known ports and hideaways. Guests of Seabourn experience extraordinary offerings and programs, including partnerships with leading entertainers, dining, personal health and wellbeing, and engaging speakers.
Seabourn is part of Carnival Corporation, the world's largest cruise company with a portfolio of cruise lines operating in over 800 ports and destinations worldwide. (NYSE: CCL).
Find Seabourn on X, Facebook, Instagram, YouTube and Pinterest.
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Key Takeaways Carnival is about half-booked for 2027, with record occupancy and pricing above the prior-year levels.CCL expects 2026 constant-currency net yield growth of 2.3%, above the June guidance.Carnival sees 2027 capacity inch up 0.5% while expanding higher-return destination investments. Carnival Corporation Ltd. (CCL - Free Report) used its third-quarter 2026 earnings call to emphasize strengthening demand, improved operating execution and a firmer booking position for 2027 despite higher fuel costs.
Management’s focus extended beyond the quarterly beat to pricing, capacity discipline, destination investments and cost control, while flagging a different setup for the first quarter of 2027.
Carnival Sees Booking Momentum ImproveCEO and director Josh Weinstein said that booking momentum improved through the quarter, with June marking an inflection point, followed by further acceleration in July and August.
For 2027, Carnival is already about half booked, with occupancy and pricing above the prior-year levels and at records. Weinstein said that 2028 is also running at higher occupancy and prices.
Customer deposits reached a third-quarter record of $7.6 billion, up roughly 7% despite flat capacity growth over the next 12 months, supporting management’s pricing-focused booking strategy.
CCL Raises Yield ExpectationsCFO and chief accounting officer David Bernstein said that third-quarter 2026 adjusted net income exceeded the June guidance by more than $100 million, or $0.08 per share, with revenues being the largest contributor.
Full-year constant-currency net yield growth is expected to be 2.3%, more than half a percentage point above the June guidance. Fourth-quarter growth is projected at 1.7%.
Bernstein said that operational improvements of more than $150 million are offsetting a similar impact from higher fuel prices. Adjusted cruise costs, excluding fuel per ALBD, are expected to rise 2.2% in 2026.
Carnival Keeps Capacity Growth RestrainedWeinstein said that the 2027 capacity is expected to inch up 0.5%, keeping the emphasis on generating more earnings and returns from the existing fleet.
A Wells Fargo analyst asked whether the stronger balance sheet could support faster growth. Weinstein said that capacity is largely fixed for the next half decade, though Carnival would consider unique opportunities.
He added that longer-term ship additions should remain within the company’s one-to-two-ship-per-year framework unless management decides to change that approach.
CCL Shifts Deployment Toward Higher-Return UsesWeinstein said that Europe will tie the Caribbean as Carnival’s largest deployment region in 2027, with each representing 34% of capacity. Northern Europe remains a particular area of emphasis.
A Citi analyst asked about pressure from Caribbean capacity growth. Weinstein acknowledged the pressure but reiterated Carnival’s commitment to the region and its strategy of differentiating through private destinations.
Celebration Key is expected to welcome 3.5 million guests next year, with 31 ships calling versus 26 this year. RelaxAway and other upgraded destinations also remain central to deployment strategy.
Carnival Flags Q1’27 as DifferentManagement repeatedly separated the first quarter of 2027 from the rest of the year. Weinstein said that spring booking disruption carried into early 2027, especially for long-haul and exotic itineraries.
A Wells Fargo analyst asked whether late-2026 yield trends should extend into the first quarter. Weinstein declined to provide any quarterly guidance but said that management feels better about 2027 beyond the first quarter.
Bernstein added that Carnival Rewards will create a 0.4-percentage-point accounting headwind to 2027 yields before the program’s accounting impact turns positive in 2028.
CCL Balances Costs, Debt & Shareholder ReturnsBernstein said that management expects continued sourcing savings and operating efficiencies in 2027, with no unusually significant cost item currently standing out.
Carnival has repurchased $1.2 billion in stock and expects combined buybacks and dividends to return $2 billion to shareholders in 2026. Total debt has fallen below $24 billion.
For the quarter under review, adjusted earnings per share of $1.43 beat the Zacks Consensus Estimate of $1.36. Revenues of $8.44 billion surpassed the consensus estimate of $8.36 billion, providing the context for management’s execution narrative.
Carnival’s Message Going ForwardWeinstein emphasized demand generation, disciplined booking management, selective investment and efficiency as the main levers for improving earnings and returns. He also said that some PROPEL opportunities are being captured earlier than expected.
Management remained constructive on 2027 overall while withholding detailed guidance until December. The clearest caution centered on the first quarter, with later periods supported by stronger booked pricing and occupancy.
What Zacks Rank & Style Scores SignalCCL currently carries a Zacks Rank #3 (Hold), with a Value Score of A, a Growth Score of C, a Momentum Score of F and a VGM Score of B. Higher Style Scores are more favorable under the Zacks framework. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The scores point to stronger value characteristics and a favorable composite VGM profile, alongside weaker momentum and middle-range growth characteristics. The Zacks Rank can change as earnings estimates are revised after the newly reported results.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Strong demand is helping offset stubborn fuel and cost pressure. Summary
Carnival beat quarterly estimates while 2027 occupancy and pricing reached records.
Carnival CCL shares surged more than 11% Tuesday after the cruise operator beat Wall Street's fiscal third-quarter expectations and reported record 2027 booking trends, giving investors fresh evidence that strong travel demand is holding up despite higher fuel costs and other expense pressures. The results also lifted Royal Caribbean RCL and Norwegian Cruise Line Holdings NCLH, signaling broader optimism across cruise stocks.
Carnival is the world's largest cruise operator, with brands including Carnival Cruise Line, Princess Cruises and Holland America Line. The company generates most of its revenue from ticket sales and onboard spending, making pricing, occupancy and cost control key drivers of profitability.
Carnival reported adjusted earnings of $1.43 per share on $8.43 billion in revenue, beating expectations on both lines. That came despite a $131 million unfavorable impact from fuel prices and foreign exchange and a 4.2% increase in cruise costs per available lower berth day.
Gross margin yield fell 1.3% from a year earlier, but booking volumes were “meaningfully” ahead of last year and continued to outpace capacity growth.
“This momentum underscores the effectiveness of our demand generation efforts and the enduring appeal of our cruise lines,” CEO Josh Weinstein said.
For fiscal 2026, Carnival now expects adjusted EBITDA of $7.14 billion, adjusted net income of $3.1 billion and adjusted EPS of about $2.24, slightly above the $2.21 consensus estimate.
The more important forward signal may be 2027. Carnival said full-year booked occupancy and pricing are already at record levels, suggesting demand remains strong even before much of that capacity sails.
Investors TakeawayThe next test is whether record bookings translate into stronger yields and margins rather than simply higher volumes.
Investors should watch 2027 pricing, occupancy, onboard spending and cruise costs, particularly if fuel remains expensive. Carnival's fourth-quarter EPS guidance of roughly $0.20 trails the $0.24 consensus, so cost pressures are not disappearing.
If record pricing holds while expense growth moderates, earnings leverage could strengthen materially. If fuel, currency or operating costs remain elevated, however, they could limit how much of Carnival's strong demand flows through to profits.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Four Countdown Cruises build excitement with pickleball pros, exclusive onboard programming and play opportunities leading to the March 2027 invitational
Key Highlights:
Holland America Line debuts the Private Island Invitational, an exclusive professional pickleball competition at RelaxAway, Half Moon Cay™, during a special March 2027 Caribbean cruise. Four Countdown Cruises build excitement with PPA player appearances, exclusive onboard pickleball programming and island play opportunities. Countdown Cruise guests will enjoy exclusive pickleball experiences, including coffee chats with the pros, trivia and pickleball play. The event comes as Holland America Line celebrates the 30th anniversary of RelaxAway, Half Moon Cay, marking three decades of memorable experiences on the award-winning private island. , /PRNewswire/ -- It's an island so remote that no one lives there full-time, but now RelaxAway, Half Moon Cay™ will be home to the first-ever professional pickleball invitational on a private island, offering guests a one-of-a-kind opportunity to combine a Caribbean vacation with pickleball.
The Private Island Invitational comes as Holland America Line celebrates the 30th anniversary of RelaxAway, Half Moon Cay, marking three decades of memorable experiences on the award-winning private island
Leading up to the Private Island Invitational cruise, Holland America will offer four select Caribbean sailings featuring special pickleball onboard programming and island play at RelaxAway, Half Moon Cay, with appearances by PPA players. Holland America Line, the Professional Pickleball Association (PPA) Tour and Major League Pickleball (MLP) announced the first "Private Island Invitational" will take place on the cruise line's private island during a Caribbean voyage departing March 7, 2027. The event comes as Holland America Line celebrates the 30th anniversary of RelaxAway, Half Moon Cay, marking three decades of memorable experiences on the award-winning private island. Nieuw Statendam's seven-day Eastern Caribbean: San Juan & St. Thomas cruise will include an unforgettable day of pickleball play on March 13 on the island. The invitational will feature professional players on RelaxAway, Half Moon Cay's four new pickleball courts.
"At Holland America Line, we believe experiences are too good to hurry through," said Kacy Cole, Holland America Line's chief marketing officer. "That's why bringing the first-ever professional pickleball invitational to RelaxAway, Half Moon Cay feels like a perfect fit, combining the excitement of one of the world's fastest-growing sports with the unmatched beauty of one of the Caribbean's most extraordinary islands in a way only Holland America can."
Leading up to the event, the cruise line will host four Countdown Cruises featuring special onboard pickleball programming, giving guests the opportunity to meet pros and celebrate the sport before the Private Island Invitational.
"This exciting new offering from the PPA, MLP and Holland America Line, the Private Island Invitational competition at RelaxAway, Half Moon Cay, shows how pickleball is a sport that can truly be enjoyed anywhere," said Jacob Cohen, Chief Revenue Officer for PPA & MLP. "We can't think of a better setting for a professional invitational than next to the pristine beaches of this tranquil private island."
Countdown Cruises serve up pickleball fun
Leading up to the Private Island Invitational cruise, Holland America will offer four select Caribbean sailings featuring special pickleball onboard programming and island play at RelaxAway, Half Moon Cay, with appearances by PPA players. Throughout those Countdown Cruises, guests will have up-close access to the players at events, including coffee chats with a PPA pro, pickleball-themed trivia, meet-and-greet with a PPA pro, onboard lessons with a PPA pro and RelaxAway, Half Moon Cay PPA pro clinic.
Each Countdown Cruise will feature appearances by pickleball professionals, giving guests multiple opportunities to interact with the sport's top talent while enjoying Holland America Line's award-winning Caribbean itineraries. Specific details about the pros on each cruise will be announced in the coming months.
The Countdown Cruises include:
Nov. 20, 2026 — 9-day Southern Caribbean, Nieuw Amsterdam Dec. 12, 2026 — 7-day Western Caribbean: Greater Antilles and Mexico, Zuiderdam Jan. 2, 2027 — 7-day Eastern Caribbean: Amber Cove and Bahamas, Eurodam Jan. 23, 2027 — 7-day Eastern Caribbean: Amber Cove and Bahamas, Eurodam The Private Island Invitational at RelaxAway, Half Moon Cay builds on Holland America Line's popular onboard pickleball program, available across the fleet. Every ship features at least one pickleball court with ocean views, provided equipment, beginner instruction and open play, giving guests of all skill levels the opportunity to enjoy one of the world's fastest-growing sports.
For more information about Holland America Line or to book a cruise, consult a travel advisor, call 1-877-SAIL HAL (877-724-5425) or visit hollandamerica.com.
Find Holland America Line on Facebook, Instagram and the Holland America Blog. You can also access all social media outlets via the home page at hollandamerica.com.
About Holland America Line
Holland America Line has been exploring the world for more than 150 years with expertly crafted itineraries, extraordinary service and genuine connections to the destinations. Offering a perfectly-sized ship experience, its fleet of 11 vessels visits nearly 400 ports in 114 countries around the world and has shared the thrill of Alaska for more than 75 years — longer than any other cruise line. Savour the Journey isn't just a tagline, it's a reinforcement that the cruise line provides experiences too good to hurry through, connecting travelers to the world and each other. Award-winning enrichment programming, entertainment and cuisine that brings each locale on board, including a revolutionary Global Fresh Fish Program, put Holland America Line at the forefront of premium cruising. Holland America Line is part of Carnival Corporation, the world's largest cruise company with a portfolio of cruise lines operating in over 800 ports & destinations worldwide. (NYSE: CCL).
Team members from world's largest cruise company, its world-class cruise lines, exclusive destinations and Center for Simulation and Maritime Training (CSMART) conduct beach and coastal cleanup events around the world
, /PRNewswire/ -- In celebration of the 41st International Coastal Cleanup Day, team members from Carnival Corporation (NYSE: CCL), the world's largest cruise company, reaffirmed their commitment to marine stewardship and coastal communities through a series of volunteer cleanup events organized in ports and destinations around the world.
Carnival Corporation Team Members Around the World Unite to Celebrate International Coastal Cleanup Day
Carnival Corporation Team Members Around the World Unite to Celebrate International Coastal Cleanup Day
Carnival Corporation Team Members Around the World Unite to Celebrate International Coastal Cleanup Day Alongside partners and local community volunteers, shipboard and shoreside team members mobilized to help clear debris and collect trash in a variety of communities and homeports. Volunteers represented Carnival Corporation's world-class cruise lines, its exclusive destinations portfolio and its Center for Simulation and Maritime Training (CSMART), as well as their families and friends.
From Seattle to the Netherlands, Miami to Cozumel, volunteer teams removed debris from shorelines and community environments, including plastic bags, aluminum and other single-use items. These results underscore the company's commitment to protecting and supporting the vibrant communities, coastal destinations and marine ecosystems in which it operates.
"The oceans, waterways and coastlines we sail are central to what we do, and protecting them is a responsibility we take seriously," said Lars Ljoen, chief maritime officer of Carnival Corporation. "International Coastal Cleanup Day is a reminder of the impact people can make when they come together around a common purpose. I am especially proud that our teams and partners bring that same commitment to environmental stewardship every day. This attitude is absolutely central to how we deliver extraordinary cruise vacations while honoring the integrity of every ocean we sail, place we visit and life we touch."
Led by Ocean Conservancy and observed every third Saturday in September, International Coastal Cleanup Day is the world's largest cleanup event designed to lead and inspire action in support of our oceans. For 41 years, these events have engaged over 19 million people to collect 400 million pounds of trash since their inception.
Among this year's cleanups, shoreside teams from Carnival Cruise Line gathered at Oleta River State Park in Miami, while Holland America Line teams partnered with a local nonprofit in Seattle for a beach cleanup at Myrtle Edwards Park along the Puget Sound. Costa Cruises employees, together with their families, joined partner associations Piantando and Blue-Life for a river cleanup to intercept nearly 400 pounds of inland plastic, aluminum and other debris from the riverbanks before it reaches wider marine ecosystems. Across the Caribbean, Latin America, Alaska, Florida, Europe and Australia, crew members from various Carnival Cruise Line ships coordinated shore cleanups in partnership with local environmental organizations and port partners. In addition, Center for Simulation and Maritime Training (CSMART) team members in the Netherlands organized a beach cleanup in Almeerderstrand, near the maritime training center.
International Coastal Cleanup Day is one of many conservation-focused volunteering activities carried out by Carnival Corporation and its team members each year. Through its broader Coastal and Beach Cleanups program, as outlined in its 2025 Sustainability Report, the company conducts dozens of events annually spanning multiple continents and engaging thousands of volunteers. In 2025 alone, team members conducted almost 100 total cleanup events across two dozen locations in North America, Central America, the Caribbean, Europe, Asia and the Pacific, removing more than 33,000 pounds of debris.
These efforts are part of the company's overarching sustainability vision to support conservation and local communities, contribute to more sustainable operations, and support long-term company growth and performance. To learn more about Carnival Corporation's purpose and positive impact worldwide on people and the planet, go to www.carnivalcorp.com/impact.
About Carnival Corporation
Carnival Corporation is the largest global cruise company and among the largest leisure travel companies, with a portfolio of world-class cruise lines – AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises, and Seabourn. Carnival Corporation Ltd. trades under the ticker symbol CCL on the NYSE and is a member of the S&P 500.
For more information, please visit www.carnivalcorp.com, www.aida.de, www.carnival.com, www.costacruises.com, www.cunard.com, www.hollandamerica.com, www.pocruises.com, www.princess.com, and www.seabourn.com.
Carnival Corporation Ltd. showed a massive 13% uptick following its Q3 results yesterday as the company exceeded expectations and raised guidance too. While near term risks continue to persist due to the U.S.-Iran war, with expected continued impacts on inflation and interest rates, the company's resilience still impresses. It also helps that Carnival's market multiples are attractive compared with peers and both its overall costs and interest expenses are in check.
If you were told that the quarterly costs for a company's key input had risen by 36% year over year, wouldn't you assume that its profitability took a serious hit for the period?
That'd be a sensible reaction; however, in the case of Carnival's (CCL +13.41%) just-reported third quarter, it would be dead wrong. In fact, the company notched several all-time highs in certain metrics in the quarter. For this, it was rewarded with a more than 13% pop in its share price after those earnings were announced. Here's how the cruise ship operator managed to pull off this seemingly difficult feat.
Image source: Carnival.
Fueled by strong demandCarnival smashed key fundamentals with that smashing third quarter, the results of which it published Tuesday morning. It set new quarterly records with revenue, net yield (an efficiency measure widely used in the cruise industry), and several other items.
In dollar terms, that new peak revenue figure was just under $8.44 billion, up 3% from the same period in 2025. Most of the company's cruise and tour operating expenses ticked only slightly higher, with the glaring exception of fuel. Due mainly to the war with Iran, it vaulted skyward at that 36% pace to hit $615 million. But more on fuel costs in a moment.
Cruising to the bottom of the profit and loss statement, attributable net income— one of the record-breakers -- rose by almost 4% to $1.92 billion. Under standards not in accordance with generally accepted accounting principles (non-GAAP, or adjusted), net income actually fell, albeit marginally, to $1.96 billion, or $1.43 per share.
Both revenue and adjusted net income beat the average analyst estimates of $8.39 billion and $1.35 per share, respectively.
In its earnings release, Carnival quoted CEO Josh Weinstein as saying that the company's quarter featured "accelerating demand and even stronger cost discipline driving results ahead of our expectations."
Those costs, of course, include fuel (which, to be fair, the company has no control over). If we look at the other five expense categories Carnival breaks out, the largest increase was only 3.5%, posted by the grab-bag "other operating costs." Everything else, save for fuel, was below 2.2%. Meanwhile, of the six items in total, fuel was actually well down the expense list (at No. 5), even with that 36% year-over-year jump. Its $615 million tally accounted for only 13% of the company's total cruise and tour operating costs for the quarter.
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The experience is the thingCarnival also updated its guidance for both its current (fourth) quarter and the entirety of its fiscal 2026. It left nearly every guidance item unchanged, or up only slightly, except for -- you guessed it -- fuel expenses. It's modeling a whopping 51% fourth-quarter surge in these to $640 million.
The kicker is, with that robust and likely sustainable demand, at least for now, the company actually bumped its annual adjusted net income guidance higher. Granted, this wasn't a big lift, at roughly $3.08 billion compared to the $3.07 billion it forecast in the previous earnings report. But that was clearly very heartening to investors who feared the worst with the fuel situation. Even if the combustible stuff isn't Carnival's most impactful cost item, the continued upward trajectory of those prices is concerning.
Carnival's third quarter illustrates how prosperous an efficient company can be when serving the "experience economy" that's boosting the wider travel and tourism space. Many people have more disposable income these days. And with lives that have become increasingly virtual and screen-based, more than a few of those individuals are hungry for real-world experiences that are fun, relaxed, and outside their norms. At the same time, recent diplomatic overtures by both sides in the Iran war could lead to a settlement and, in turn, lower fuel prices. This will help boost profitability (although insignificantly, as discussed).
To be sure, Carnival faces some tough challenges, such as high indebtedness stemming from its pandemic-era shutdowns and a possible pullback in consumer spending amid persistent inflation. Still, people are hungry to wander, and this "experience real life!" trend is sticky. I predict Carnival will continue to cruise along in these prosperous waters, and Tuesday's jump won't be the last price increase we'll see for its stock.
Carnival (CCL +13.41%), a global cruise operator with a multi-brand ocean fleet, closed at $25.11, up 13.43%. Tuesday's gain followed premarket earnings and revenue that topped Wall Street estimates. Investors are watching record bookings, customer deposits, and the higher full-year outlook to develop into a higher stock price. Trading volume reached 70.7M shares, coming in about 246% above its three-month average of 20.4M shares.
How the markets moved todayThe S&P 500 (^GSPC -0.17%) fell 0.18% to 7,670, while the Nasdaq Composite (^IXIC -0.09%) slipped 0.09% to 26,798. Among leisure travel and cruise operators, Royal Caribbean Cruises (RCL +7.45%) rose 7.48% to $260.73 and Norwegian Cruise Line Holdings (NCLH +3.42%) gained 3.42% to $14.80 as cruise sentiment improved after Carnival's earnings update.
What this means for investorsIt was an excellent quarter for Carnival as the company sailed past Wall Street's expectations on both the top and bottom lines. In the company's Q3 press release, CEO Josh Weinstein explained,
We delivered another quarter of top and bottom-line records, with accelerating demand and even stronger cost discipline driving results ahead of our expectations.Looking ahead, the company announced that 2027 is already half-booked, with bookings and pricing at record levels. Management also noted that 2028 is well ahead of its historical booking curve, painting a rosy outlook for CCL stock.
On top of this impressive demand, Weinstein noted that Carnival had reduced its total debt to below $24 billion -- well below its 2023 high of $36 billion. This deleveraging should help with capital costs and leave debt at a much more reasonable level, given the company expects to earn over $7 billion in adjusted EBITDA this year.
Trading at 11 times forward earnings and with an EV/EBITDA ratio of 7.5, Carnival could still offer solid upside to investors comfortable taking on risks such as fuel pricing and geopolitical tensions that the company has recently navigated.
Carnival Corporation (CCL - Free Report) ) stock surged 13% on Tuesday after the cruise giant delivered better-than-expected fiscal third-quarter results and provided an encouraging demand outlook.
The rally is particularly notable as CCL entered its Q3 report near 52-week lows of $21 a share, with investors concerned about higher fuel costs, geopolitical disruptions, and the durability of consumer travel spending.
Image Source: Zacks Investment Research
Carnival Tops Q3 Expectations With Record RevenueCarnival posted adjusted Q3 earnings of $1.43 per share, topping the Zacks EPS Consensus of $1.36 by 5% and matching the year-ago period despite a $131 million unfavorable impact from higher fuel prices and currency movements.
Quarterly revenue rose 3.5% year over year to a record $8.44 billion, also exceeding Q3 expectations of $8.36 billion. Net yields increased 2.4% in constant currency and came in more than one percentage point above Carnival's previous guidance.
Notably, Carnival has now exceeded earnings expectations for 16 consecutive quarters and has surpassed sales estimates in three of its last four quarterly reports.
Most importantly, strong demand appears to be carrying into next year. Carnival's 2027 booked occupancy and pricing are both at record levels, while third-quarter customer deposits reached a record $7.6 billion despite essentially flat capacity growth.
Image Source: Zacks Investment Research
Carnival Raises Its 2026 OutlookCarnival now expects full-year fiscal 2026 adjusted EPS of approximately $2.24, with adjusted net income of roughly $3.08 billion. Management said operational improvements have added more than $150 million to its adjusted net income outlook compared with June guidance, enough to offset roughly $150 million of higher fuel costs.
There is one modest caution: Carnival expects Q4 adjusted EPS of about $0.20, slightly below the current consensus expectation of $0.24. Still, record 2027 bookings provide a much stronger indication that underlying cruise demand remains resilient.
Bottom LineThe combination of record revenue, improving yields, strong 2027 bookings, and a raised full-year outlook helps validate the bullish case for Carnival despite persistent fuel-cost pressures.
Still, following a 13% one-day surge, investors may not need to aggressively chase CCL shares even at an attractive sub-12X forward earnings multiple.
That said, Carnival stock currently lands a Zacks Rank #3 (Hold), making further upward earnings-estimate revisions for FY27 especially important following today's sharp post-earnings rally.
Carnival just posted a blowout quarter and its stock surged, yet shares remain deep in the red while Norwegian slides even harder and fuel costs keep climbing. Whether today marks a turning point or simply the strongest session of a…
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A quarterly beat on both earnings and revenue is sending Carnival (NYSE:CCL | CCL Price Prediction) stock sharply higher, yet the cruise operator’s share price remains deep in the red for the year. Carnival stock is up 14% to $25.17 as trading continues, a jump that still leaves Carnival shares down 18% year to date (YTD). That combination puts a fair question in front of anyone following Carnival: is this rally the start of a floor or a bright spot in a weak year?
Fuel ranks among a cruise operator’s largest costs, and energy stocks have climbed sharply over the same stretch that cruise names fell. The Energy Select Sector SPDR ETF (NYSEARCA:XLE) is up 40% YTD, a rise that describes part of the pressure Carnival and its peers have been under. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY), meanwhile, is up 12% YTD, leaving Carnival well behind the broad market as well.
Across the cruise group, the damage this year has been uneven. Shares of Royal Caribbean Group (NYSE:RCL) are down 6% YTD to $259.17, a far milder decline than Carnival stock has posted. At the other end of the range, Norwegian Cruise Line Holdings (NYSE:NCLH) stock is down 34% YTD to $14.82, the steepest slide of the three.
Record Deposits Headline a Clean Beat Carnival’s latest quarterly report beat Wall Street expectations on both earnings and revenue, delivering a clean result from a company whose stock had been drifting lower all year. In that report, Carnival stated that customer deposits reached a record $7.6 billion. That deposit total measures money customers have already committed to future sailings, which makes it a direct gauge of forward demand.
A beat on past results can fade quickly, while a Carnival deposit record points to trips customers have already paid toward, and the bull case builds on that difference since Carnival stock came into the report down sharply for the year and priced for something weaker than what the company delivered. A move this large in Carnival shares suggests the market is repricing the stock toward that stronger forward picture.
Royal Caribbean and Norwegian Frame the Spread Royal Caribbean stock has held up far better than Carnival shares this year, a sign the market had already separated the steadier cruise names from the weaker ones, and the rally in Carnival shares narrows the distance between the two, though Carnival stock remains the weaker performer on a YTD basis. That spread leaves Carnival room to keep closing ground if the deposit story holds, which is a central part of the bull case.
Norwegian stock posts the deepest decline in the group, and that slide tempers any read that the entire sector has found its footing. Fuel costs weigh on Norwegian, Royal Caribbean and Carnival alike, and the energy fund’s rise this year shows how much that pressure has built across the industry. Carnival’s record deposits arrived with that cost pressure still in place, so the bear case can argue that one quarter leaves the underlying squeeze untouched.
A Floor or the Best Day of a Poor Year? It’s too early to call one strong rally a confirmed bottom for Carnival stock. The bull case rests on a record deposit figure, a beat on both earnings and revenue, and Carnival shares that entered the report priced for a weaker outcome. Against that, the bear case points to Carnival’s YTD decline. It remains in place, along with the deeper slide in Norwegian stock and energy costs that have risen sharply across the same stretch.
Carnival shareholders can weigh whether this move looks more like a floor forming or simply the best day of a poor year, and the answer may take more than one quarter to determine. Investors should watch for Carnival shares holding their gains after the report, since follow-through would strengthen the floor argument. A fade in Carnival stock back toward its prior range would hand the argument to the bear case.
Given that uncertainty, investors interested in Carnival stock should keep their positions moderate, since a stock that has swung this hard can give back gains quickly. Building a Carnival share stake in stages lets the next quarterly report test the deposit story before stockholders expand their allocation. Combining that approach with a firm cap on their exposure to Royal Caribbean, Norwegian and the rest of the cruise group can help contain the damage if fuel costs keep climbing.
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MarketBeat Week in Review – 06/22 - 06/26Carnival NYSE: CCL reported record third-quarter revenue, yields and net income, with results exceeding its prior guidance as stronger close-in bookings, onboard spending and cost controls offset higher fuel prices.
Chief Executive Officer Josh Weinstein said the company generated approximately $2 billion “to the bottom line,” surpassing its June guidance by $100 million. Third-quarter yields rose nearly 2.5% year over year, more than one percentage point above expectations, while cruise costs excluding fuel came in one percentage point better than guidance.
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Carnival's Second Quarter: Is the Stock Still Complicated?Chief Financial Officer David Bernstein said third-quarter net income exceeded June guidance by more than $100 million, or $0.08 per share. Revenue contributed $0.05 per share of the outperformance, as yields came in 1.2 percentage points above guidance. Cost discipline added $0.02 per share, while improved fuel consumption and other items accounted for the remaining $0.01 per share.
Full-Year Outlook Raised Despite Fuel Headwind Carnival raised its full-year earnings-per-share guidance to $2.24, up $0.02 from its prior outlook. The company expects more than $150 million of operational improvement compared with June guidance, driven by better yields, lower cruise costs excluding fuel and improved fuel consumption.
Royal Caribbean’s Best Quarter Ever Still Leaves a Big QuestionThat improvement is expected to offset a $150 million impact from higher projected fuel prices. Bernstein said higher fuel prices represent a $0.11-per-share headwind relative to the company’s prior outlook, while operating improvements are expected to add $0.12 per share and stock repurchases are expected to add another $0.01 per share.
For the full year, Carnival now expects yield growth of about 2.3%, more than half a percentage point ahead of June guidance. Fourth-quarter yields are projected to rise about 1.7% year over year, or approximately 2.3% on a normalized basis after adjusting for accounting related to Carnival Cruise Line’s new loyalty program.
Cruise costs excluding fuel per available lower berth day are now forecast to increase about 2.2% for the full year. On a normalized basis, adjusted costs excluding fuel are expected to rise approximately 1.1%, reflecting timing of expenses, partial-year operating costs for exclusive destinations and elevated logistics expenses associated with disruption from the Middle East conflict.
Management highlighted fuel efficiency as a central part of its cost strategy. Bernstein said fuel consumption per available lower berth day has declined 26% since 2019, resulting in nearly $750 million of savings at the fuel prices used in the company’s September guidance. Weinstein said Carnival does not view fuel hedging as its preferred long-term answer to price volatility and instead remains focused on reducing consumption.
Bookings Build for 2027 and 2028 Weinstein said booking momentum improved beginning in June and accelerated through July and August. Carnival is already about half booked for 2027, with occupancy and pricing both at record levels, he said. The company expects capacity growth of 0.5% in 2027.
Management said the disruption in bookings experienced during the spring extended into the first quarter of 2027, particularly affecting long-haul flights, exotic itineraries and early-year sailings. However, first-quarter 2027 bookings have rebounded meaningfully over the past three months. Carnival expects the effects of the earlier disruption to be more concentrated in the first quarter, while it cited strong positioning for the remainder of the year.
Bookings for 2028 have also started at higher occupancy and higher prices compared with the prior year, according to Weinstein. Customer deposits reached a third-quarter record of approximately $7.6 billion, up about 7% despite flat capacity growth over the coming 12 months.
The company reported continued strength in onboard spending. Bernstein said third-quarter onboard and other revenue grew 7%, with broad-based gains across categories and brands on both sides of the Atlantic. More than half of revenue is now pre-booked through packages and bundled offerings, he said.
Europe Becomes a Larger Part of Deployment Carnival plans to shift more of its capacity toward Europe, particularly Northern Europe, where it sees increasing interest in cooler-weather destinations, outdoor activities, fjords and northern lights itineraries. In 2027, Europe is expected to tie the Caribbean as Carnival’s largest deployment region, with each accounting for 34% of the company’s mix.
Weinstein said the shift reflects both guest demand and the company’s efforts to optimize revenue and returns. He noted that Carnival expects to maintain an important long-term position in the Caribbean despite industry capacity growth in the region. Princess Cruises is moving one ship from the Caribbean to Japan next year, a move management said should support the company’s broader deployment strategy.
The company also cited its Alaska land-and-sea operations as a differentiator, supported by hotel and lodge rooms, glass-domed rail cars and motor coaches.
Destinations, Fleet Investments and Capital Returns Carnival said Celebration Key welcomed nearly 2.5 million guests in its first year. With a second pier now open, the destination is expected to host about 3.5 million guests next year, with 31 ships scheduled to call compared with 26 this year. Princess is set to begin calling next month, while AIDA and Costa are expected to add select visits late next year.
Expanded experiences at Relax Away, Half Moon Cay and Isla Tropicale Roatan have each welcomed about 250,000 guests, Weinstein said. Next year, 35% of Carnival Cruise Line’s Caribbean capacity is expected to include itineraries visiting both Celebration Key and Relax Away.
The company is also investing selectively in fleet upgrades. Carnival Festivale is scheduled to enter Caribbean service in May and begin contributing to results in the second half of the year. Additional modernization work is planned for AIDA and Holland America Line vessels, while Cunard’s Queen Mary 2 will receive a major upgrade.
On capital allocation, Carnival has repurchased nearly $1.2 billion of stock, or 45 million shares, through its share-repurchase program. Including its expected fiscal-year dividend payout, the company expects to return nearly $2 billion to shareholders. Total debt has fallen below $24 billion from a peak of $36 billion in 2023, Bernstein said, and Carnival used cash during the quarter to redeem $500 million of 7% notes.
S&P upgraded Carnival’s credit rating during the quarter, making it the second rating agency to assign the company an investment-grade rating. The company said it no longer has secured debt following the release of collateral tied to the upgrade.
About Carnival (NYSE:CCL)Carnival Corporation & plc NYSE: CCL is a global leisure travel company that operates cruise lines and related vacation businesses. Its brands offer ocean cruises, onboard entertainment, dining, accommodation, excursions and other travel experiences to passengers across a range of price points and destinations.
The company's portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, P&O Cruises, P&O Cruises Australia, AIDA Cruises and Costa Cruises.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Index S&P 500 -0,16 % na 7671,18 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Utility +1,1 % Energie -0,9 % Komunikační služby +0,4 % Základní materiály -0,5 % Průmysl +0,2 % Nezbytná spotřeba -0,5 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Carnival Corp (CCL) +13 % Fair Isaac Corp (FICO) -27 % Bloom Energy Corp (BE) +11 % Lululemon Athletica (LULU) -3,7 % Royal Caribbean Cruises (RCL) +7,5 % Steel Dynamics (STLD) -3,7 % Lumentum Holdings (LITE) +5,7 % Equifax (EFX) -3,4 % Carvana (CVNA) +5,2 % Nucor Corp (NUE) -3,4 %
Jan Pazourek, Fio banka, a.s.
