Carnival Corp., once a $21 billion company, saw revenue plunge to zero overnight last year when the pandemic shut down the cruise industry.
It's CEO Arnold Donald's job to navigate uncharted waters for the cruise giant, which operates nine brands that span the globe.
Stocks closed mostly lower on Wall Street Friday following a weak jobs report, but gains for a handful of Big Tech companies allowed the Nasdaq composite to sneak in another record high.
The Dow ended the week lower but other major indexes posted weekly gains.
NEW YORK (AP) — Cunard Line canceled the first four scheduled trips of the Queen Mary 2 in more than a year, saying Thursday that after the long layoff during the pandemic it wants the ship’s next cruises “to be closer to home.”
LONG BEACH, Calif. (AP) — A cruise ship headed for the Mexican Riviera set sail from the Port of Long Beach on Saturday — the first cruise ship to depart from California in 17 months.
The Carnival Panorama is on a seven-day voyage and will stop in the Mexican ports of Cabo San Lucas and Mazatlan before returning to Long Beach, Carnival Corp.
Travel stocks bounced back Tuesday, a day after jitters over rising coronavirus cases caused a broad market slump that hit airlines, cruise lines and hotels especially hard.
In midday trading, shares of American Airlines were up 6%, while Delta Air Lines, United Airlines and Southwest Airlines all gained at least 4%.
MIAMI (AP) — Carnival Corp. said Thursday that it lost more than $2 billion in its latest quarter as the company's cruise lines remained mostly shut down by the pandemic, but it said bookings for next year are running ahead of 2019's pace.
Carnival Corp. said Thursday that a data breach in March might have exposed personal information about customers and employees on Carnival Cruise Line, Holland America Line and Princess Cruises.
In a letter to customers, the company indicated that outsiders might have gained access to Social Security numbers, passport numbers, dates of birth, addresses and health information of people.
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:
Oracle Corp., down $4.56 to $77.08.
Investors were disappointed by the software maker's first-quarter profit forecast.
Congress has voted to let large cruise ships sail directly from Washington state to Alaska without stopping in Canada, a step that could clear the way for cruises later this year.
The legislation approved by the House on Thursday goes to President Joe Biden, who is expected to sign it.