Carnival Corporation & plc
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| Carnival Corporation Carnival plc |
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Formerly called
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Carnival Cruise Line |
| Dual-listed public company | |
| Traded as | : CCL : CUK : S&P 500 Component FTSE 100 Constituent |
| ISIN | PA1436583006/GB0031215220 |
| Industry | Hospitality, tourism |
| Founded | 1972 (as Carnival Cruise Line) |
| Founder | |
| Headquarters | Miami, Florida, U.S. |
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Area served
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Worldwide |
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Key people
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Micky Arison (Chairman) Arnold W. Donald (President and CEO) |
| Brands | |
| Services | Cruise line |
| Revenue | US$15.714 billion (2015) |
| US$2.574 billion (2015) | |
| Profit | US$1.757 billion (2015) |
| Total assets | US$39.237 billion (2015) |
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Number of employees
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94,600 (2015) |
| Website | www |
Carnival Corporation & plc ("Carnival") is an American-British cruise company and the world's largest travel leisure company, with a combined fleet of over 100 vessels across 10 cruise line brands. A dual listed company, Carnival is composed of two companies, Carnival Corporation and Carnival plc, which are combined and function as one entity, effectively being a general partnership between its two component public corporations, listed on the and respectively. As such, Carnival is the only company in the world to be listed on both the S&P 500 and FTSE 100 indices. Carnival Corporation's global headquarters is located in Miami, Florida, in the United States, with UK headquarters at Southampton, Hampshire, and with regional offices in Australia, Germany and Italy.
Carnival Corporation & plc was formed in 2003, with the acquisition by Carnival Corporation of P&O Princess Cruises.
Carnival Corporation was originally founded as Carnival Cruise Line in 1972. The company grew steadily throughout the 1970s and 1980s, making an initial public offering on the in 1987. The capital generated was used to finance acquisitions, and between 1989 and 1999, the company acquired Holland America Line, Windstar Cruises, Westours, Seabourn Cruise Line, Costa Cruises and Cunard Line. The name Carnival Corporation was adopted in 1993, to distinguish the parent company from its flagship cruise line subsidiary.
P&O Princess Cruises plc was formed in 2000, following the demerger of the cruise ship division of the P&O group. Originating as the Peninsular and Oriental Steam Navigation Company in England in 1837, P&O operated the world's first commercial passenger ships, the predecessor of modern cruise ships. Restructuring of the P&O group in the 20th Century led to its cruise operations being rebranded as P&O Cruises and P&O Cruises Australia, with the company acquiring Princess Cruises in 1974. Following the demerger in 2000, the company also acquired AIDA Cruises, as well as establishing the A'Rosa Cruises and Ocean Village brands.
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Wikipedia