When Will Carnival Cruises Start Sailing Again?

Carnival Cruise Line has announced plans to resume cruises in various phases in 2021, with the first sailing expected on June 1, 2021. The company resumed guest operations on July 3 with Carnival Vista from the Port of Galveston, and on July 5 with Carnival Horizon from Port Miami. Carnival Cruise Line is in talks with the Centers for Disease Control and Prevention and is working towards restarting sailing in July.

Carnival Cruise Line’s CEO claims its financially stable, and the company is in talks with the Centers for Disease Control and Prevention. The cruise industry is expected to get back into service in various phases in 2021, with news constantly changing. Carnival Cruise Line’s new deployment plans include Carnival Miracle offering cruises in Europe in the summer of 2025 and more cruises opening for 2025-26 from Miami, Tampa, Port Canaveral, and New Orleans.

Carnival Cruise Lines announced that sailing would resume in Baltimore on May 26, exactly two months since the tragedy. The company will scale back to possibly one or two ships a year across all brands in 2027 and beyond. The cruise lines will also offer Faster to the Fun on the Carnival Firenze starting with the 8042024 departure. VIFP Club Diamond and Platinum members do not need to be part of the VIFP Club Diamond and Platinum membership.

In addition, Carnival Cruise Line will add a new 180,000-ton ship to its fleet, set to set sail in spring 2027. Carnival Firenze will begin sailing year-round from Long Beach, California, on April 25, 2024.

Will Carnival ever go up?

The average price target for Carnival is $21.72. This is based on 17 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $25.00,the lowest forecast is $13.50. The average price target represents 26.50% Increase from the current price of $17.17.

What is the newest ship for Carnival 2027?

Carnival Corporation and Meyer Werft announced they have reached an agreement to build another cruise ship for Carnival Cruise Line.

The ship will be a sister to the Carnival Jubilee, which was delivered in 2023, and is scheduled to be delivered in 2027.

“We are very pleased that the partnership between the Meyer Group and Carnival Corporation is being continued with this new order,” said Bernd Eikens, CEO of the Meyer Group.

“This order is a clear sign that the cruise market has recovered and that there is great demand for sea trips,” added Thomas Weigend, Chief Sales Officer of the MEYER Group.

Will Carnival ever recover?

The share price doesn’t tell the whole story. It took three painful years, but Carnival’s business has rebounded. The company ended 2023 with $21.6 billion in revenue, roughly on par with 2019, the year before COVID-19 turned the business upside down.

At first glance, something seems amiss in the below chart. The stock still trades at a fraction of its pre-pandemic share price despite revenue recovering fully.

Why is that? Carnival had to take drastic measures to keep the business afloat when lockdowns virtually reduced revenue to nearly zero. After all, the company has overhead, even if ships aren’t sailing. Shares were issued, and debt was incurred to raise the cash needed to keep Carnival alive and see its recovery through.

What is the future of Carnival cruise lines?

Carnival Corp. plans to roll out three massive ships beginning in 2029, part of a new ship class at Carnival Cruise Line.

The ships are each expected to carry almost 8,000 guests at full capacity, measure 230,000 gross tons and have more than 3,000 guest staterooms.

By comparison, the Carnival Jubilee, it’s latest new Excel-class ship, is 183,000 gross tons.

Carnival inked the deal with Italian shipbuilder Fincantieri for the trio of ships, which will be powered by liquefied natural gas. These will be the largest ships ever built by Fincantieri or in Italy.

Is Carnival Cruise going to recover?

Demand for cruises is still hot. Carnival demonstrated an incredible recovery last year, as expected. Now it’s keeping up its solid performance as it fields high demand, with record revenue and improving profitability.

The 2024 fiscal first-quarter (ended Feb. 29) results surpassed expectations across several metrics. Revenue was a record $5.4 billion, 23% higher than last year. It had record first-quarter deposits of $7 billion, and generally accepted accounting principles (GAAP) net loss improved from $693 million last year to $214 million this year.

Management had previously said that it was coming into 2024 in its best booked position ever, and it’s already in a better position for 2025 than it was for 2024 at this time last year. It has limited inventory for the rest of the year, pushing out bookings from strong demand into a longer curve at higher ticket prices, setting itself up for a strong start to 2025.

Carnival is still experiencing high demand as a pushback from lockdown, and that’s not going to last forever. The current increased demand illustrates consumer confidence in Carnival as well as high overall interest in its product, indicating an enduring business model that can withstand short-term challenges and bounce back. Five years from now, demand is likely to be completely normalized, but still strong. In other words, it should be similar to its pre-pandemic performance.

Is Carnival launching a new ship?

Carnival Cruise Line is going bigger than ever before with a new class of ships. The cruise line will welcome the first of the three new vessels in the summer of 2029, each with more than 3,000 cabins and a full capacity of nearly 8,000 guests.

Will Carnival have a new ship in 2025?

The company’s announcement also includes plans for Carnival Cruise Line to strategically grow its fleet over the next three years.. Carnival Cruise Line released three brand-new cruise ships for its Excel Class between 2021 and 2023. Following the success of this class, Carnival Cruise Line has only released plans for building one additional new cruise ship in 2025 and none in 2026.

In the announcement, Carnival Corporation’s CEO clarified that its new cruise ship would be its only newbuild order for 2027. Weinstein stated, “Our responsible capital approach will support utilizing our substantial free cash flow over the next several years to strategically improve our balance sheet, significantly reduce our leverage levels and continue to transfer value from debt holders to shareholders,” stated Weinstein.

Starting in 2027, Carnival Corporation plans to expand its fleet capacity with one to two ships per year. According to Weinstein, the new ships will be allocated to the cruise lines that most need the additional capacity to “satisfy outsized demand.” With this approach, Carnival Corporation will be able to deliver an attractive payback period on its investment. Considering the financial distress caused by the global pandemic in 2020, Carnival’s strategy is hardly surprising.

Is a Carnival cruise in debt?

Total debt on the balance sheet as of May 2024 : $30.65 B. According to Carnival Corporation’s latest financial reports the company’s total debt is $30.65 B.A company’s total debt is the sum of all current and non-current debts.

Carnival Corporation – Total debt on balance sheet (from 2001 to 2024)

Can you book a cruise in 2024?

Welcome to 2024 Cruises There is a vast selection of cruise ships and itineraries to choose, from Royal Caribbean, Celebrity Cruises, P&O Cruises, Princess Cruises, Norwegian Cruise Lines, Fred. Olsen and many more.

Why are Carnival cruises so expensive right now?

Renewed importance of booking your cruise in advance. With the record demand Carnival is seeing, inventory is selling out further in advance, leaving guests with fewer cabin choices, higher prices, and fewer last-minute deals.

Not only does booking early help ensure you get the best rate, but you also have more time to save up for the cruise.

When you make your reservation, you only have to place a deposit, rather than pay the entire fare upfront. The final payment date varies based on the duration of your sailing. For cruises 5 nights or less, it’s 76 days before sailing. It increases to 91 days prior to sailing for cruises 6 nights or longer.

Read more: 15 things I wish I knew before setting foot on a Carnival ship.

Is the Carnival cruise coming in 2024?

What Carnival’s Ships Are Up To in 2024. Wondering what our incredible fun fleet is up to this year? Join us for a rundown of 2024 Carnival cruises and top highlights from our ships, coming your way this year!

First up we’ve got Carnival Firenze, bringing the fiesta to the Mexican Riviera beginning in spring 2024. Departing from the sunny shores of Long Beach, picture yourself sipping margaritas and soaking up sandy beaches, crystal-clear waters, and Pacific sunshine any time of year.

Next on deck is Carnival Legend, using the new year to make big waves in Europe. From the Mediterranean to the Greek Islands, Western Europe, the British Isles, and even Iceland— this ship will turn your summer Eurodreams into a reality. For even more European and global fun, check out our expanded Carnival Journeys for 2024. This unique series of longer, 9+ day sailings takes passengers to less-traveled destinations like Australia, Hawaii, Greenland and Canada, with special shipboard activities to enrich every moment of your unique vacation experience.

Feelin’ a bit frosty? Carnival Spirit’s got you covered with Alaskan adventures. Glacier-gazing, whale-watching, breathtaking hikes and maybe a friendly moose or two are just the beginning—Alaska’s the place to be, and this is your ticket.

What is the new biggest cruise ship in 2024?

Currently the World’s Largest Cruise Ship (June 2024) Icon of the Seas is the first ship of Royal Caribbean’s new Icon Class of cruise ships. She is the largest cruise ship in service after late January 2024.