REG-Carnival PLC: Carnival Corp. to Operate up to 75% Capacity by Year End

CarnivalAnnouncement

20/07/2021 13:50

Carnival Corporation to Operate up to 75% of Fleet Capacity by End of 2021

World's largest cruise company continues building momentum for restarting
cruise vacations with announced sailings to date on 54 ships through end of
2021 across eight of its world-leading cruise line brands – Carnival Cruise
Line, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa
Cruises, Cunard and P&O Cruises (UK)

MIAMI, July 20, 2021 /PRNewswire/ -- Carnival Corporation & plc
(https://c212.net/c/link/?t=0&l=en&o=3233623-1&h=3132991780&u=https%3A%2F%2Fwww.carnivalcorp.com%2F&a=Carnival+Corporation+%26+plc)
(NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, today
announced that it expects to resume guest cruise operations with 65% of its
total fleet capacity by the end of 2021 across eight of its world-leading
cruise line brands. Additionally, Carnival Cruise Line has announced plans
that envision the brand's entire fleet returning to service by the end of
2021, which would further increase Carnival Corporation's total operating
capacity to nearly 75% by the end of the year.

Eight of the company's nine brands – AIDA Cruises, Carnival Cruise Line,
Costa Cruises, Cunard, Holland America Line, Princess Cruises, P&O Cruises
(UK) and Seabourn – have announced plans to resume guest operations on 54
ships to date through the end of 2021, with nearly half of the capacity
represented by ships homeported in the U.S. In addition to those ships
previously announced by the company's brands, Carnival Cruise Line's intent to
return to full fleet service in 2021 would add another nine vessels, totaling
63 ships to date that are expected to resume guest operations this year.
Further brand restart announcements are expected in coming weeks, including
resumption plans for more ships and itineraries for 2021.

Collectively, the brands are continuing to resume operations from ports around
the world using a gradual, phased-in approach, including sailings in the U.S.,
Caribbean, Europe and Mediterranean, along with itineraries planned in Central
America and to Antarctica, among others. The cruises include enhanced health
protocols developed in conjunction with government and health authorities, and
informed by guidance from the company's public health, epidemiological and
policy experts.

The following summarizes Carnival Corporation's brand restart announcements to
date through the end of 2021.

North America Brands:
* Carnival Cruise Line resumed guest cruise operations with three ships to
date sailing out of two U.S. ports, Galveston and Miami, and has announced its
intent to have 15 ships in operation by the end of October and to have its
entire fleet sailing by the end of the year.
* Princess Cruises will resume guest cruise operations this weekend with its
first ship sailing from Seattle to Alaska, and will expand with a series of
cruises around UK coastal waters in late July, as well as cruises out of Los
Angeles, San Francisco and Fort Lauderdale to the Caribbean, Panama Canal,
Mexico, Hawaii and California coast in the fall, with eight total ships
expected to be in operation by the end of the year.
* Holland America Line will resume guest cruise operations this weekend with
its first ship sailing from Seattle to Alaska, followed by sailings from
Greece in August, and from Italy and Spain in September, as well as sailings
to Mexico, Hawaii, the California coast and the Caribbean this fall for a
total of six ships expected to be in operation by the end of the year. 
* Seabourn resumed guest cruise operations with two ships to date sailing from
Greece and Barbados, and plans to begin the Antarctica season in November with
a third ship.
Europe & Asia Brands:
* Costa Cruises resumed guest cruise operations in May with sailings in Italy
and Greece, and the line is now offering sailings to France and Spain, to be
followed by sailings to Portugal and Turkey in September for a total of seven
ships expected to be sailing in the Mediterranean by the end of the year.
* AIDA Cruises resumed guest cruise operations in March sailing in the Canary
Islands and in May with sailings in Greece and Germany. The line is now
offering additional sailings out of Germany as well as upcoming sailings in
Spain, Italy, Malta, the Netherlands and the Persian Gulf from late July to
December for a total of nine ships expected to be in operation by the end of
the year.
* P&O Cruises (UK) resumed guest cruise operations with a series of summer
sailings around UK coastal waters that started in June, and plans to expand to
the Mediterranean, the Atlantic coast and the Caribbean starting in September
for a total of four ships expected to be in operation by the end of the year.
* Cunard will resume guest cruise operations in August with one ship sailing
UK coastal cruises, followed by sailings to the Iberian coast and Canary
Islands, and plans to expand with a second ship returning to service in
November with a combination of transatlantic crossings and Caribbean cruises.
The additional voyages build on recent restarts from five of the company's
brands, including AIDA Cruises and Costa Cruises, which have been sailing in
Europe since March and May, respectively, as well as its P&O Cruises brand in
the UK. Most recently, the company's Carnival Cruise Line brand resumed in
early July from the U.S. along with its Seabourn brand, which restarted
earlier this month in the Mediterranean and the Caribbean.

"With strong ongoing demand for cruising, we look forward to serving our
guests with additional ships announced across eight of our brands and nearly
three-quarters of our fleet capacity returning by the end of this year,
marking an important milestone for our company and all those who rely on the
strong economic impacts generated by the global cruise industry," said Roger
Frizzell, chief communications officer for Carnival Corporation.

Frizzell added: "For our entire company, our highest responsibility and top
priority is always compliance, environmental protection, and the health,
safety and well-being of our guests, our shipboard and shoreside employees,
and the communities we visit. Our ongoing restart effort closely reflects
those priorities, as we continue to work together across the industry and with
partners around the world to resume cruising in the best interest of public
health."

In working with global and national health authorities and medical experts, as
well as authorities in destination countries, the company's brands have
developed a comprehensive set of health and safety protocols for protection
and mitigation across the entire cruise experience for its initial cruises.
This includes cross-industry learnings and best practices based on the proven
health and safety record of industrywide sailings, and input from top science
and health experts and health authorities.

Cautionary Note Concerning Factors That May Affect Future Results
Some of the statements, estimates or projections contained in this document
are "forward-looking statements" that involve risks, uncertainties and
assumptions with respect to us, including some statements concerning our
resuming of cruise operations in the US, Caribbean and Europe. These
statements are intended to qualify for the safe harbors from liability
provided by Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other than
statements of historical facts are statements that could be deemed
forward-looking. These statements are based on current expectations,
estimates, forecasts and projections about our business and the industry in
which we operate and the beliefs and assumptions of our management. We have
tried, whenever possible, to identify these statements by using words like
"will," "may," "could," "should," "would," "believe," "depends," "expect,"
"goal," "anticipate," "forecast," "project," "future," "intend," "plan,"
"estimate," "target," "indicate," "outlook," and similar expressions of future
intent or the negative of such terms.

Because forward-looking statements involve risks and uncertainties, there are
many factors that could cause our actual results, performance or achievements
to differ materially from those expressed or implied by our forward-looking
statements. This note contains important cautionary statements of the known
factors that we consider could materially affect the accuracy of our
forward-looking statements and adversely affect our resuming of risk
operations.  Such risks, uncertainties and factors include the risk factors
discussed in Item 1A of our most recent Annual Report on Form 10-K and
subsequent quarterly reports on Form 10-Q filed with the Securities and
Exchange Commission ("SEC").

Forward-looking statements should not be relied upon as a prediction of actual
results. Subject to any continuing obligations under applicable law or any
relevant stock exchange rules, we expressly disclaim any obligation to
disseminate, after the date of this document, any updates or revisions to any
such forward-looking statements to reflect any change in expectations or
events, conditions or circumstances on which any such statements are based.

About Carnival Corporation & plc
Carnival Corporation & plc is one of the world's largest leisure travel
companies with a portfolio of nine of the world's leading cruise lines sailing
to all seven continents. With operations in North America, Australia, Europe
and Asia, its portfolio features Carnival Cruise Line, Princess Cruises,
Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA
Cruises, P&O Cruises (UK) and Cunard.

Additional information can be found on www.carnivalcorp.com, www.carnival.com,
www.princess.com, www.hollandamerica.com, www.seabourn.com,
www.pocruises.com.au, www.costacruise.com, www.aida.de, www.pocruises.com and
www.cunard.com.

CONTACT: Roger Frizzell, Carnival Corporation, rfrizzell@carnival.com, (305)
406-7862; Mike Flanagan, LDWW, mike@ldww.co, (727) 452-4538



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