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...Production lines are idle: they were last active in 2019, following an order by the South Korean government....
...Carnival Cruise Line lifted its profit expectations for the fiscal year as higher prices and strong demand boosted earnings, but warned that the Baltimore bridge collapse would cause a $10mn hit to profits...
...Their shares are up 141 per cent and 161 per cent, respectively, while smaller rival Norwegian Cruise Line has gained 77 per cent....
...Carnival: Carnival Cruise Line will report earnings before the bell and is expected to report an increase in revenue on strong bookings....
...Carnival Cruise Line warned of an “unfavourable” $125mn hit from the rising cost of fuel, taking the gloss off forecast-beating third-quarter results and sending shares tumbling....
...This year, 31.5mn passengers globally will take a cruise, rebounding above 2019 demand levels for the first time since the pandemic struck, according to projections by the Cruise Lines International Association...
...Carnival shares have risen by more than 40 per cent so far this year as consumers have flocked to the cruise line group’s ships in a resilient leisure and travel demand environment....
...Cruise lines Royal Caribbean and Carnival are two of the 10 most heavily shorted companies in the S&P 500 but have confounded short sellers’ expectations by more than doubling in value so far this year....
...The Bermuda-based cruise line operator said the company and selling shareholders would list 44mn shares priced between $21 and $25. The company will be listed under the ticker symbol VIK....
...Rivals Norwegian Cruise Line and Royal Caribbean are also benefiting, as more holidaymakers return to the sea as the pandemic fades....
...In 2019, some 2mn Chinese tourists took a cruise, compared with 14mn people from the US, according to the Cruise Lines International Association, an industry trade body....
...But some of the best-performing stocks of 2023 have been large cruise lines, now freighted with debt from pandemic shutdowns....
...Management is forecasting that revenue will be in line with the prior year, but margins are showing positive signs....
...But it is also the front line in what is potentially a much larger conflict....
...The Cruise Lines International Association forecasts that cruise passenger volumes this year will be 6 per cent ahead of pre-pandemic levels....
...For her portrait of the 2017 CIA interview and arrest of whistleblower Reality Winner, director Tina Satter took every line direct from the official transcript....
...Share moves to note on the New York Stock Exchange include Norwegian Cruise Lines, Hess, and Constellation Energy....
...The eastern area bordering W2 is also gaining in popularity, thanks to its proximity to Paddington station (and the Elizabeth Line to Heathrow) and the £3bn developments around Queensway, the faded high...
...How did we come so far from the Lumières’ austere aspiration to capture reality scientifically, and end up with a carnival of folly and fakery?...
..., in line with its “asset-light” strategy, three people said....
...Companies: Carnival Cruise Line will report earnings before the start of trading while pharmaceutical group Moderna holds its annual investor meeting....
...This full-house gig was billed as the launch of his trio album Carnival Celestial, a sparse weave of electronica, pointilliste piano and empathetic bass and drum support....
...Soon we were itching to leave, so the morning we cast our lines off the dock and headed out of Las Palmas I felt a sense of relief — this was finally it....
...Tooling around Broome a few days before, I’d been worried that this four-day, five-night trip would be more cruise than adventure....
...The uplift in British aid brings it broadly in line with France, which has pledged €3bn in military aid this year....
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