CCL

Carnival Corporation & plc is the world's largest cruise company, operating a fleet of cruise ships across multiple brands serving guests globally. The company operates through brands including Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK and Australia), and Cunard Line. Carnival offers cruise vacations ranging from contemporary to premium and luxury categories across destinations worldwide. The company generates revenues from ticket sales, onboard spending including beverages, specialty dining, shore excursions, casinos, spa services, and retail shops. Founded through the 1972 launch of Carnival Cruise Line and headquartered in Miami, Florida, Carnival grew through organic growth and major acquisitions including Princess, Holland America, and Costa brands. The cruise industry was devastated by COVID-19 with complete shutdowns in 2020 leading to massive losses and debt accumulation. Carnival accumulated crushing debt levels exceeding $30 billion through the pandemic. The company has returned to operations but faces high interest costs, debt repayment challenges, and economic sensitivity. Carnival is working to restore profitability, reduce debt, and refresh its fleet.