Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Carnival Corp. reports record week of bookings, shares rise

Published 05/04/2022, 18:10
Updated 05/04/2022, 18:21
© Reuters. FILE PHOTO: The Queen Mary 2 cruise ship by Cunard Line, owned by Carnival Corporation & plc. is seen docked at Brooklyn Cruise Terminal in Brooklyn, New York City, U.S., December 20, 2021. REUTERS/Andrew Kelly/File Photo
CCL
-
CCL
-
N1WS34
-
C1CL34
-

(Reuters) - The world's biggest cruise operator Carnival Corp (LON:CCL) on Tuesday reported its busiest booking week in history as leisure travel continues to rebound from a long pandemic-led hiatus.

The news sent shares of Carnival (NYSE:CCL) up nearly 4% in afternoon trading. The stock traded up more than 8% earlier in the session on the New York Stock Exchange. The news also earlier lifted rivals Royal Caribbean Group and Norwegian Cruise Line Holdings.

Carnival said in a news release that the week of March 28-April 3 showed a double-digit increase from the previous record 7-day booking total.

The U.S. Centers for Disease Control and Prevention (CDC)removed its COVID-19 notice against cruise travel on March 30, roughly two years after introducing a warning scale showing the level of coronavirus transmission risk on cruise ships.

Miami-based Carnival said 22 of its 23 ships are now back in operation at its U.S. ports.

© Reuters. FILE PHOTO: The Queen Mary 2 cruise ship by Cunard Line, owned by Carnival Corporation & plc. is seen docked at Brooklyn Cruise Terminal in Brooklyn, New York City, U.S., December 20, 2021. REUTERS/Andrew Kelly/File Photo

Cruise operators said the health agency was discriminating against the industry, when hotels and airlines could operate with limited or no restrictions.

In the wake of the Ukraine conflict, Carnival has already modified its trips to avoid stopping at Russian ports in the summer, and will also withdraw from any halts in the country for the remainder of the year.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.