Carnival Corporation & plc Announces Pricing of 62,500,000 Shares of Common Stock

MIAMI, April 1, 2020 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world’s largest leisure travel company, today announced that Carnival Corporation (the “Corporation”) has priced its underwritten public offering of 62,500,000 shares of common stock of the Corporation at a price of $8.00 per share. The aggregate amount of shares of common stock to be issued in the offering was decreased to approximately $500 million from the previously announced $1.25 billion. The offering is expected to close on April 6, 2020, subject to customary closing conditions. The Corporation has granted the underwriters an

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Celestyal Cruises Extends Suspension of Cruise Operations Until June 29

Celestyal Cruises has extended the suspension of its sailings until June, 29 2020. Currently, cruises will resume on this date with the four-night “Iconic Aegean” sailing roundtrip from Athens.

For all named and fully paid individual guests impacted by this temporary suspension, Celestyal Cruises is offering a future cruise credit valued at 120 percent of the original booking value. Guests will have until the end of December 2021 to redeem their future cruise credit against any of Celestyal Cruises’ itineraries in 2020, 2021 and 2022. For additional flexibility, guests that have not used their future cruise credit

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Next Round of Coronavirus Relief: What the Travel Industry Needs

All but shut down by the coronavirus pandemic, the U.S. travel industry submitted a fresh list of urgent policy requests to Congress to protect the 15.8 million Americans whose livelihoods depend on travel. Among those who submitted correction and enhancements were the U.S. Travel Association, American Hotel and Lodging Association, the International Association of Amusement Parks and Attractions and others.

At the top of the list: Adding $600 billion to the Paycheck Protection Program (PPP), expanding eligibility to small businesses that were previously left out and ensuring loan forgiveness can cover both payroll and other operating expenses during

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