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Carnival Cruise Line headquarters in Doral, Florida. Carnival is one of ten cruise lines owned by the world's largest cruise ship operator, the American-British Carnival Corporation & plc. [3] In 2021, Carnival Cruise Line was estimated to hold a 7.6% share of cruise industry revenue and 18.2% of passengers. [4]
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Carnival Corporation & plc is a British and American cruise operator with a combined fleet of over ninety vessels across nine cruise line brands. [4] A dual-listed company, Carnival is composed of the Panama-incorporated, US-headquartered Carnival Corporation, and UK-based Carnival plc, which function as one entity.
The cruise giant also aims to more than double its return on invested capital (ROIC) from 2023 to 2026. In the most recent quarter, Carnival said it was "firmly on the path" to these goals.
Ultimately, Carnival sued Kværner claiming that the ships were in worse condition than represented and Kværner agreed to refund US$50 million to Carnival. [77] Each of Carnival's cruise lines is designed to appeal to a different market, and Carnival was interested in rebuilding Cunard as a luxury brand trading on its British traditions.
New Carnival Corp. CEO Josh Weinstein thinks it's high time for investors to chart a different view on the cruise company, after several years of it battling the rocky waters of the COVID-19 pandemic.
Let's see where Carnival could be in five years from now. In 2023 it achieved record revenue, and in fiscal 2024 (ended Nov. 30), revenue went even higher, and Carnival returned to profitability.
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