The Latest Breaking News from Josh Weinstein

Passengers will be thrilled by the move that's being made by both cruise lines.

Carnival Cruise Line has tried to improve its lineup of ships and now it's making another big move to compete with Royal Caribbean.

Yes, Carnival reported a bigger-than-expected loss but in this case, unlike taking a cruise, it's the destination not the journey for the cruise lines.

Carnival Corp (NYSE:CCL) (NYSE:CUK) reported second-quarter FY22 sales growth of 50% Q/Q to $2.4 billion, missing the consensus of $2.62 billion. The operating costs and expenses rose 132% to $3.9 billion. The operating loss narrowed to $(1.4) billion from $(1.6) billion a year earlier. Occupancy in the second quarter of 2022 was 69%…

Carnival Corporation (NYSE:CCL) has priced the private offering of $1.0 billion of 10.5% senior unsecured notes due 2030. The company expects to close the offering on May 25, 2022. The notes will pay interest semi-annually on June 1 and December 1 of each year, beginning on December 1, 2022, at a rate of…

Carnival Corp (NYSE:CCL) has appointed its Chief Operations Officer Josh Weinstein to assume the role of President and CEO, effective August 1, 2022. Arnold Donald, currently President and CEO, will take up the role of Vice-Chair and member of the Board. Weinstein has served Carnival for twenty years in various roles. Weinstein…