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Fly News Breaks for June 11, 2018
NCLH, RCL, CCL
Jun 11, 2018 | 09:01 EDT
JPMorgan recently surveyed June pricing for cruise itineraries marketed in the U.S. for select Carnival (CCL), Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH) brands. On a global basis, gross ticket prices for itineraries sailing over the next 12 months were steady for Royal and Norwegian compared to last month while Carnival prices improved 100 basis points compared to last month and are now flat year-over-year, JPMorgan analyst Joseph Greff tells investors in a research note. He notes that on a quarterly basis, and focusing in on the Caribbean, Q3 itineraries were softer sequentially and Europe held steady across all companies. The latest data points on Caribbean pricing are a "mixed bag but mostly softer" compared to last month, while global itinerary prices are holding up well overall, Greff writes. The analyst continues to like shares of Royal Caribbean and Norwegian Cruise Line. He expects cruise stocks could reverse positively over the near term, noting that they tend to outperform in Q3 and Q4.
News For CCL;RCL;NCLH From the Last 2 Days
CCL
Mar 27, 2024 | 16:24 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
CCL
Mar 27, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
CCL
Mar 27, 2024 | 09:19 EDT
The company stated, "Francis Scott Key Bridge in Baltimore: Given the timing of yesterday's event in Baltimore and the temporary change in homeport, our guidance does not include the current estimated impact of up to $10 million on both adjusted EBITDA and adjusted net income for the full year 2024."
CCL
Mar 27, 2024 | 09:15 EDT
Reports Q1 revenue $5.4B, consensus $5.43B. "This has been a fantastic start to the year. We delivered another strong quarter that outperformed guidance on every measure, while concluding a monumental wave season that achieved all-time high booking volumes at considerably higher prices," commented Carnival Corporation & plc's Chief Executive Officer Josh Weinstein. "These results are a continuation of the strong demand we have been generating across our brands and all core deployments, leading to an upward revision of full year expectations by more than a point of incremental yield improvement and setting us up nicely to deliver a nearly double-digit improvement in net yields," Weinstein added. "With much of this year on the books, we have even greater conviction in delivering record revenues and EBITDA, along with a step change improvement in operating performance, and have begun turning more of our attention to delivering an even stronger 2025," Weinstein noted.