carnival cruise employee perks

• Carnival Cruise Lines

Do Carnival Employees Get Free Cruises?

By blackjck , March 8, 2007 in Carnival Cruise Lines

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If so....I want a job!!:D

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I don't think they do , But I believe they get the Military rate when cruising. But I am sure that there are upper level employees who get to cruise for free.:confused:

Yes they do. I'm an ex Carnival reservations employee! There were ways to "earn" free cruises! Plus we received *1* free after a year of service. ( just 1, not 1 every year )

Is it just a Legend?

So the next question is, do those that work on the ship get to bring on friends and/or family for free or a discounted rate?

victory2020

Yes they do. I'm an ex Carnival reservations employee! There were ways to "earn" free cruises! Plus we received *1* free after a year of service. ( just 1, not 1 every year )   -Mike

I thought so. My PVP was SO ecstatic once when I booked a cruise - I figured it was the one that got him some sort of bonus.

FutureTrophyWife

2 free cruises a year!

Caribbean Dad

Heck, some employees they even pay to cruise.

Oh, you were talking about when their not on duty. Sorry. :p ;) :D

At the time "sales" was not a way to earn them for the res dept. We could earn them by working overtime hours during wave season ( Jan-Mar ) up to a 7 day cruise.

The PVP's at the time, were only in the Miami office, and they very well could be earning them based on sales. Our sales incentives in res ( Cruise Consultants now called Cruise vacation Specialists ), were $$ only. The $$ was VERY good.

I happened to ask that same question on my last cruise a few weeks ago, and I was told only the main waiters do. I was told this by the activity director. No clue if that is true, just relating what I have been told.

Oh Yeah, the waiters, bus boys and room stewards get a free cruise every week for months and months at a time.

BARBARA J.W.

My FANTASY cruise 9/2006...

I met a lady that works at the port in Port Carnaveral.........

The ship had some empty cabins,,,,,,,

All she had to pay was taxes and port charges..........

There was a group of them............workers

An officer on Glory had his wife and baby with him on our cruise last Nov, but I didnt' get a chance to meet them. They had a formal photo taken together and they accompanied him to the Captain's cocktail party. I'm sure there's some kind of reward program as well as discounts for every employee. I can't see them giving them only to certain job types.

The wonderful PVP I used for four years told me she had been w/Carnival for 3 years in her present position. She said PVPs do not work on commission, but toward incentives. One of these would be a comp cruise, although she would pay port charges only...I think that's right. Anyhoo, she was a jewel - and now has been promoted to corporate office.:)

I was speaking with a bartender on the Fascination last week and she said she had been on 4 cruises herself. After her last two contracts her son came from Europe and they took a cruise. She said while not free it was deeply discounted.

luckycruzer

Oh Yeah, the waiters, bus boys and room stewards get a free cruise every week for months and months at a time.   Dan

e v e r y day, day in day out

Me Too!!!:D

Hemisphere Dancer

When I went on the Elation last November there was a woman working at the check-in desk who had just been notified that she would be "going out." I guess they had an empty cabin, and she only had to pay taxes and port charges. She had packed a bag that morning and brought it to work w/ her, not knowing if she would be going or not. Some of the other women at the check-in desk were working out how they were going to get her car home and who would be coming to pick her up when she returned. How cool it that to go to work in the morning and be told you're going on (practically) a free cruise for the next week!

As you all know, my son worked on board for five years. We cruised for $50 per person per night. We got whatever cabin was available. One cruise we moved three times because better cabins kept opening up. The perks on board depend on the employee's position. He was an officer so we got some pretty good perks. We checked in at the Skipper's Club-no waiting in line. We stood in the bridge as we sailed out of Grand Cayman. My husband got to see the engine room. We did sail away out of Miami on the crew deck and we visited the crew quarters. The service in the dining room is exceptionally prompt when an officer eats with you. He was able to bring a guest to dinner every night. We had showgirls, Steiners, IS, and purser's join us. My first cruise with him was solo and he arranged for the Carnival rep to meet me at the airline gate (pre 9-11). I felt very special. Oh how I will miss that on our upcoming Freedom cruise. Carnival does have "Friends and Family" rates for last minute cruises if you know someone. It's hit and miss and last minute airfare may cancel out any savings.

I worked for Carnival recently, just got off of the Inspiration. It depends what position you have. After a year you do get a free cruise and family can usually cruise for something like $20 a day if there is space. I was in the Entertainment department so I was pretty lucky for benefits. Crew members (waiters, stewards etc) are not so fortunate. Most will never even get the chance to go to the chief purser's office to book a cruise for family. Also, a lot depends on how the chief purser is... what kind of mood they're in that day etc. Officers have it the best.. I know they have the most benefits.

To the person who said: "Oh Yeah, the waiters, bus boys and room stewards get a free cruise every week for months and months at a time.

Those people work so hard and are treated like dirt so it's not really a free cruise for them.

The CVS's (in Colorado Springs) get to take a cruise after earning it by working overtime at the beginning of the year. The person who books my cruises for me is going to cruise with me on our Oct sailing. She only has to pay taxes.

" Those people work so hard and are treated like dirt so it's not really a free cruise for them.

I would NEVER work at sea......unless I had a ship filled with considerate pax like myself....but we all know that aint happening!

I think if I worked on a ship...I would want to holiday on land somewhere....ya think?

The wonderful PVP I used for four years told me she had been w/Carnival for 3 years in her present position. She said PVPs do not work on commission, but toward incentives.

According to my best friend who still works there ( Where we became friends ) they still are paid a commission, plus base & incentive!

Smiling Cruiser

Maybe PVP could be a great retirement job! Hanging around the Boards certainly gives one great insight as to what makes most passengers happy. Of course I'd do my best work on a ship so give me a room, a phone and my laptop!:) No, never mind, CRUISING is going to be my retirement job-I'll be too busy to answer the phone or surf the net, so everyone's on their own. See you on the ship!!!!:D

....... my son worked on board for five years....was an officer.

:) I remember you telling us about that. How exciting for you and your DH to be able to do the 'behind the scenes' tours. Did he change professions, or is he w/another cruise line?

I just booked a cruise with a family member's discount and it was roughly $900 off of Expedia's rate of $2400 for 4 people for a week. It's going to cost more than I was expecting, but I guess it's still a pretty good savings.

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Carnival Cruise Line Benefits For Employees, Members & Shareholders 2024

In this article, we’ll take a closer look at the various Carnival Cruise Line benefits and what they entail. Whether you’re an employee, shareholder, or frequent cruiser, there’s something for everyone to enjoy as a Carnival associate.

Carnival Cruise Line Benefits

Carnival Cruise Line is one of the most popular cruise lines in the world, offering a wide range of itineraries and activities for travelers of all ages. The Cruise Line not only caters to its guests but also takes care of its employees, shareholders, and loyal customers by offering a variety of benefits and perks. From employee benefits and membership benefits to shareholder benefits and stock benefits, Carnival Cruise Line has a lot to offer. Keep reading to learn more!

Carnival Cruise Employee Benefits

Carnival Cruise Line is one of the largest and most popular cruise lines in the world, offering a wide range of benefits to its employees. Here are some of the employee benefits provided by Carnival Cruise Line:

1. Health and Wellness Benefits

Carnival Cruise Line offers a comprehensive health and wellness benefits package that includes medical, dental, and vision insurance. Employees can choose from a range of plans, including PPO and HMO options, to suit their needs. Additionally, Carnival Cruise Line provides access to an Employee Assistance Program (EAP), which offers confidential counseling services and resources to help employees and their families cope with personal and work-related issues.

2. Retirement Benefits

Carnival Cruise Line offers a 401(k) retirement savings plan that enables employees to save for their retirement years. The company also offers a generous matching contribution, which means that Carnival will match a percentage of the employee’s contributions to the plan.

3. Time off Benefits

Carnival Cruise Line provides employees with a range of time off benefits, including paid time off, sick leave, and bereavement leave. The amount of time off an employee receives depends on their position and length of service with the company.

4. Travel Benefits

As a cruise line, Carnival Cruise Line offers its employees some unique travel benefits. Employees can enjoy discounted rates on cruises for themselves and their families, as well as reduced rates at partner hotels and resorts.

5. Training and Development Benefits

Carnival Cruise Line is committed to the growth and development of its employees. The company offers a range of training and development opportunities, including online courses, in-person training sessions, and leadership development programs.

6. Employee Recognition and Rewards

Carnival Cruise Line values its employees and recognizes their hard work and dedication. The company has a number of recognition and rewards programs in place, including the Carnival Cruise Line President’s Club, which honors top performers each year.

Overall, Carnival Cruise Line offers a comprehensive benefits package that includes health and wellness benefits, retirement benefits, time off benefits, travel benefits, training and development opportunities, and employee recognition and rewards programs. See more here !

Also Read // Do Royal Caribbean Employees Get Free Cruises? (6 Employees Benefits & Perks)

Carnival Cruise Membership Benefits

Carnival Cruise Line offers a loyalty program called the VIFP (Very Important Fun Person) Club, which provides additional benefits and perks to repeat cruisers based on their membership level. Here are the benefits of each membership level:

1. Gold Member

After being on a Carnival Cruise for 25 – 74 nights, guests become Gold Members of the VIFP Club. Gold members receive a range of benefits, including a dedicated phone number for member support, exclusive member-only offers, and priority check-in and boarding.

2. Platinum Member

After being on a Carnival Cruise for 75 – 199 nights, guests become Platinum Members of the VIFP Club. Platinum members receive all the benefits of Gold membership, as well as additional perks, including complimentary wash and fold laundry service, priority tender and debarkation, and a complimentary meal at a specialty restaurant.

3. Diamond Member

After being on a Carnival Cruise for 200+ nights, guests become Diamond Members of the VIFP Club. Diamond members receive all the benefits of Gold and Platinum membership, as well as additional perks, including priority access to onboard events and activities, a complimentary 7-day cruise for two in a balcony stateroom, and a dedicated line for guest services and guest relations.

It’s worth noting that these benefits are subject to availability and may vary based on the ship, itinerary, and other factors. Additionally, Carnival Cruise Line may make changes to the VIFP Club program and benefits at any time. See more here !

Carnival Cruise Shareholder Benefits

Carnival Cruise Line offers shareholder benefits to its shareholders as a way to thank them for their investment in the company. Here are the various shareholder benefits offered by Carnival Cruise Line:

• Onboard Credits: Shareholders of Carnival Corporation and plc, the parent company of Carnival Cruise Line, are eligible to receive onboard credits for cruises on Carnival Cruise Line, as well as other cruise lines owned by the corporation. The amount of the onboard credit varies based on the length of the cruise and the shareholder’s ownership level.
• Reduced Deposit: Shareholders of Carnival Corporation and plc are eligible for a reduced deposit when booking a cruise on Carnival Cruise Line or other cruise lines owned by the corporation.
• Annual Report and Proxy Statement: Shareholders of Carnival Corporation and plc are eligible to receive an annual report and proxy statement from the company.
• Shareholder Meeting: Shareholders of Carnival Corporation and plc are invited to attend the company’s annual meeting of shareholders.

To be eligible for these benefits, shareholders must meet certain requirements, such as owning a minimum number of shares and holding them for a certain period of time. Shareholder benefits are subject to change at any time, and some benefits may not be available on all cruises or on all ships. Shareholders should check with Carnival Cruise Line for the most up-to-date information on shareholder benefits. See more here !

Also Read // Using Cell Phone on Royal Caribbean Cruises (Best Guide)

Carnival Cruise Stock Benefits

Carnival Cruise Line offers various stock benefits to its employees as a way to reward them for their hard work and commitment to the company. Here are some of the stock benefits offered by Carnival Cruise Line:

1. Employee Stock Purchase Plan (ESPP): The ESPP allows employees to purchase Carnival Corporation stock at a discounted price. Employees can contribute a percentage of their salary to the plan, and Carnival Cruise Line will match a portion of their contribution.

2. Restricted Stock Units (RSUs): RSUs are a form of compensation that provides employees with the right to receive shares of Carnival Corporation stock at a future date. The number of RSUs awarded to an employee is typically based on their job level and performance.

3. Stock Options: Stock options give employees the right to purchase Carnival Corporation stock at a fixed price for a set period of time. The exercise price and expiration date of the stock options are determined at the time of the grant.

4. Performance-Based Stock Awards: Performance-based stock awards are granted to employees based on their achievement of certain performance goals. The number of shares awarded is typically based on the employee’s job level and the level of performance achieved.

It’s worth noting that these stock benefits are subject to change at any time, and some benefits may not be available to all employees. Employees should check with Carnival Cruise Line for the most up-to-date information on stock benefits.

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Do Royal Caribbean Employees Get Free Cruises? (6 Employees Benefits & Perks)

A lot of people ask, “Do Royal Caribbean employees get free cruises?” It’s worth noting…

• VIFP Club ®
• What you Get

It’s simple: cruise more and the perks just pile up.

Even if you’ve never cruised with Carnival before, join the club today — the benefits begin today.

Start with things like members-only promotions. Then when you sail, you'll start picking up benefits like collectible Carnival items, invites to members-only cocktail receptions, priority boarding and more.

That's called living the VIFP life.

My Benefits

Collecting VIFP rewards is… actually really easy.

Step 3: That’s it! You’re earning points.

Took a 5-day Caribbean cruise? That's five VIFP Points. 7-day Alaska cruise? Seven VIFP Points. So simple!

Why Carnival?

Advance Your Career

Travel the world.

Explore the Caribbean ports of call while working aboard Carnival ships. Whether you are eager to expand your horizons or grow your fan base, Carnival invites you to explore the world and form new connections. With over 75 nationalities represented on board, you will have new friends to visit all over the world!

Enjoy Great Benefits

Be a part of an award winning team.

Click here to check all of our awards.

Other Awesome Benefits

The retirement plan.

To acknowledge and reward Team Carnival’s significant contributions to the company's success and to help team members plan and save for retirement, Carnival has developed The Fun Ship Retirement Plan. This plan provides a lump-sum benefit upon team members’ retirement from Carnival after at least 10 years of continuous service.

Medical and Dental Care

During your contract you are covered medically while you are on board the ship and will be looked after by our onboard medical team if you are not feeling well. Every Carnival ship has daily scheduled hours for crew at a medical center staffed with a doctor and nurses.

Stock Purchase Options

Carnival offers eligible team members the opportunity to share in the future growth and profitability of the company. Through the employee stock purchase plan, employees can purchase Carnival stock at a discount of approximately 15% off the fair market value.

Carnival Cruise Benefits

Team members enjoy cruise benefits, which are available for family members at a special family cruise rate. Carnival has also established reciprocal agreements with other cruise lines, so that team members can enjoy significant cruise discounts if they wish to vacation on vessels operated by other lines.

Professional and Personal Development

Working with Carnival Entertainment will enable you to build your skill set and advance your career with the guidance of industry-leading professionals. Each ship also has a Learning Resource Center on board that provides a variety of personal and professional development resources free of charge. These centers gives team members the opportunity to learn new languages, upgrade their typing or computer skills, and more.

Service Award Program

Many team members who join Carnival make a life-long career commitment with us. We acknowledge the loyalty of our team members through our Service Award program, highlighted by a ceremony during which our senior officers present service pins to team members who have been with the company for five years or more.

Ready. Set. Let the fun begin!

Carnival Corp. is now on Stockperks!

Carnival Corporation has engaged Stockperks to implement a more automated and streamlined process for the processing of shareholder benefits. The Stockperks service is governed by Stockperks’ Privacy Policy, Terms of Service, and may be subject to other Stockperks policies and terms. For information regarding Stockperks’ use and processing of your information, technical support, account setup, and all other questions regarding the use of Stockperks, please contact Stockperks at [email protected] . For all other questions, please contact Carnival Corporation at the respective brand emails listed below.

Carnival Corporation & plc is pleased to extend the following benefit to our shareholders:

Shareholder Benefits

* The onboard credit for Carnival Cruise Line, Costa Cruises, Cunard and Princess Cruises is determined based on the operational currency onboard the vessel.

The benefit is available on sailings through December 31, 2024. Applications to receive this benefit should be made at least three weeks prior to cruise departure date.

This benefit is available to shareholders holding a minimum of 100 shares of Carnival Corporation or Carnival plc. Employees, travel agents cruising at travel agent rates or interline rates, tour conductors or anyone else cruising at a reduced-rate or on complimentary basis are excluded from this offer. This benefit is non-transferable, cannot be exchanged for cash and cannot be used for casino credits/charges and gratuities charged to your onboard account. We reserve the right, at our sole discretion, to change, modify or terminate this benefit or any of the terms and conditions relating to the benefit at any time without notice. Only one onboard credit per shareholder-occupied stateroom is permitted.

Carnival Corporation & plc has engaged Stockperks to implement a more automated and streamlined process for the processing of shareholder benefits. Simply:

• Download the app via the links below, or search for “Stockperks” in your app store
• Once downloaded, create a Stockperks user profile
• Then search for “Carnival” in the app, and select the cruise line you are traveling with
• Click the blue button “Validate your portfolio” and you will be guided through the process of providing your CCL ownership details
• Once confirmed you can then submit a claim for each eligible booking

Thank you for being a loyal Carnival Corporation & plc shareholder and enjoy your cruise!

Redeem your Perk!

Download the Stockperks app today and create your profile. Then visit the Carnival profile and select the cruise line you're sailing on to confirm eligibility and claim your onboard credit!

The Stockperks service is governed by Stockperks’ Privacy Policy, Terms of Service, and may be subject to other Stockperks policies and terms. For information regarding Stockperks’ use and processing of your information, technical support, account setup, and all other questions regarding the use of Stockperks, please contact Stockperks at [email protected] . For all other questions, please contact Carnival Corporation & plc at the respective brand emails listed below.

• AIDA: [email protected]
• Carnival Cruise Lines: [email protected]
• Costa Cruises: [email protected]
• UK: [email protected]
• Australia/ New Zealand: [email protected]
• North America: [email protected]
• Holland America Line: [email protected]
• P&O Cruises (UK): [email protected]
• P&O Australia: [email protected]
• Princess Cruises: [email protected]
• Seabourn: [email protected]

This question is about Carnival Cruise Line and Carnival Cruise Line salaries .

What benefits does Carnival offer?

Carnival offers comprehensive benefits including health and wellness, paid time off, financial benefits, and employee perks based on your position at Carnival. The top perks of working at Carnival include free company cruises along with discounts to better understand the business.

Health Wellness:

Nice selection of health, dental, and vision plans

Carnival Care Center for preventive and sick care

Paid Time Off:

Carnival's PTO and Vacation policy typically gives 20-30 days off a year

Financial Benefits

401(k) matching, commitment

employee stock purchase discount

Employee perks:

Continued learning development opportunities

Almost free or heavily discounted access to Carnival cruises, and the option to be waitlisted for discounted trips

Crew members:

Furnished living accommodations

Crew cafeterias (also known as Crew Mess) with a variety of menu items from around the world

Laundry facilities and services

Crew Store with discounted convenience items such as toiletries and snacks

CrewCard pay system to help manage your finances at home while you are at sea

Cheap items in the crew bar, most of the crew have 50% on beverage consumption and 20% crew discount on gift shop purchases.

Landlocked employees:

Multi-station cafeteria

On-site gas delivery service

Dry-cleaning pick-up, on-site laundry

Day Care Center

Full-service gym

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Carnival Cruise Line Jobs

Learn more about carnival cruise line jobs.

How do you answer, "Why are you interested in working for Carnival?"

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• Zippia Answers
• What Benefits Does Carnival Offer

Keyword / Category

Location Select Manila Miami Miramar

Work Style Select Hybrid Onsite Remote

REMOTE | Personal Vacation Planner Agent

Job description.

We are seeking Personal Vacation Planner (PVP) to be part of our team. Currently considering residents from ONLY Florida, Georgia, North Carolina and Texas.

As a remote PVP , you'll be the face of Carnival Cruise Line, making outbound calls to potential customers, building strong relationships, and converting leads into unforgettable cruise experiences. You'll have the freedom to work independently, meet monthly targets, and create memorable moments for our guests.  Don't miss your chance to be part of something extraordinary! Whether you're a seasoned sales expert or just starting out, our team is ready to welcome you aboard.

ESSENTIAL FUNCTIONS:

• Excellent attendance and punctuality are an essential function of the job.
• Promote cruise sales by initiating telephone calls, acting on leads and/or prospects. Present cruise products and make travel recommendations.
• Establish and maintain customer relationships by delivering excellent customer service, meeting customer needs and expectations to meet/exceed sales goals.
• Maintain customer contact database of new and existing accounts to close sales.
• Participate in mandatory trainings and meetings to stay current with knowledge of products to present cruise product features, benefits, and pricing.
• Perform other job-related functions as assigned.
• Must have the ability to perform the essential functions of the job with or without reasonable accommodation. 

QUALIFICATIONS, KNOWLEDGE, SKILLS & ABILITIES: .

• ONLY accepting applicants from Florida, Georgia, North Carolina and Texas .
• Minimum High School Diploma  or  GED.
• Inside / outside field 1 year sales experience with proven sales success.
• Experience developing new business and new accounts with a customer service background.
• Proficient in Microsoft Office Suite.
• Results and goal-oriented sales professional with excellent verbal and written communication skills sufficient to successfully communicate with customers via telephone.
• Superior prospecting, presentation and closing skills.
• Comfort working in an environment requiring achievement of monthly sales targets and goals.
• Effective time management, organization, and multi-tasking skills.
• Ability to maintain strong working knowledge of cruise products.
• Good problem-solving skills.
• Ability to work independently and maintain individual lead database.
• Excellent interpersonal skills.
• Monday through Friday 09:00 AM - 06:00 PM (EST).
• Monday through Thursday, 10:00 AM - 07:00 PM (EST), and Fridays 09:00 AM - 06:00 PM (EST). 
• Since this is an incentive-driven position, when business needs dictate, PVPs may be required to work the last Saturday of a month. 
• The starting hourly pay rate for this role is $15/hour for the first 5 pay periods. For pay periods 6 through 10, the rate is *$11/hour plus participation in the sales incentive program.  From the 11th pay period onward, the annual base salary will be $16,500 with continued participation in the sales incentive program. The sales incentive program is tiered and includes a 6-month incentive guarantee. Average annual earning for this role is $65,000 - $70,000 with high performers earning $100,000+.

                           *Or your State or City minimum hourly wage if higher

• Cost-effective medical, dental and vision plans
• Employee Assistance Program and other mental health resources
• Additional programs include company paid term life insurance and disability coverage
• 401(k) plan that includes a company match
• Employee Stock Purchase plan
• Holidays – All full-time and part-time with benefits employees receive days off for 7 company-wide holidays, plus an additional floating holiday to be taken at the employee’s discretion.
• Vacation Time – All full-time employees at the manager and below level start with 14 days/year; director and above level start with 19 days/year.  All employees gain additional vacation time with further tenure.
• Sick Time – All full-time employees receive 80 hours of sick time each year. 
• Complementary stand-by cruises, employee discounts on confirmed cruises, plus special rates for family and friends
• Personal and professional learning and development resources including tuition reimbursement

ETHICS & COMPLIANCE:

In addition to other duties/functions, this position requires full commitment and support for promoting ethical and compliant culture. More specifically, this position requires integrity, honesty, and respectful treatment of others, as well as a willingness to speak up when they see misconduct or have concerns.

In addition to other duties/functions,this position requires full commitment and support for promoting ethical and compliant culture. More specifically, this position requires integrity, honesty, and respectful treatment of others, as well as a willingness to speakup when they see misconduct orhave concerns.

CarnivalCruise Line is the most popular cruise brand in North America and operates a fleet of ships designed to foster exceptionally safe, fun and memorable vacation experiences at an outstanding value. Our employees have a responsibility to be accountable for all actions. We consider the environment in all aspects of our business and have a responsibility to put safety and sustainability first. We live and share a positive attitude which is based on fostering an environment of inclusion, trust, a willingness to listen, openness and integrity. Doing this helps us to achieve our ultimate goal, which is to include FUN in everything we do! Speaking of fun, we are officially certified as a Great Place to Work aboard our ships as well as in our global corporate headquarters!

Carnival Corporation & plc and Carnival Cruise Line is an equal employment opportunity/affirmative action employer. In this regard, it does not discriminate against any qualified individual on the basis of sex, race, color, national origin,religion, sexual orientation, age,marital status, mental, physical orsensory disability, or any other classification protected by applicable local, state, federal, and/or international law. 

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• Carnival Cruise Lines

Carnival Conquest

• 2024-07-03 - 2024-08-02

Eligibility: Carnival Cruise Lines

Primary Interline Eligibility for Interline Rate Program

Current Full Time Employees of: -    Passenger airlines ( excluding charter airlines ) -    Cargo Companies - FedEx, UPS, DHL, Airborne (retirees not eligible)   -    NACTA (National Air Traffic Controllers) - *Please Note: This does not include Canadian Air Traffic Controllers (NAVCAN) or those from any other country. -    FAA (Federal Aviation Administration) -    ALPA (Airline Pilot's Association) -    IATA -    (CRS) employees of Sabre, Worldspan, Galileo/Apollo, Travelport or Amadeus -    Amtrak   -    Cruise line employees (Carnival Cruise Lines employees are NOT Eligible) -    Travel Agents - must have company ID, letter on company letter head verifying employment or an IATA card as proof of eligibility.

Additional Stateroom Eligibility : If the qualified Primary Interline employee occupies one stateroom, two (2) additional staterooms may be booked at the interline rate.

Secondary Interline Eligibility:

Eligible Family Members NOT traveling with the Primary Interline Employee are permitted to book ONE stateroom per cruise departure, per family. Eligible Family Members -    Spouse -    Parent(s) of Employee - *Note - PARENTS IN LAW ARE NOT ELIGIBLE -    Dependent children 21yrs old and younger -    Interline benefits cease with the death of the employee. Surviving spouses, or immediate family receive no interline benefits. PLEASE NOTE: Eligible Family Members NOT traveling with the Primary Interline Employee are permitted to book ONE cabin per cruise departure, per family. Retired Interline Employees -    Permitted to book ONE stateroom at the Interline rates and RETIRED EMPLOYEE MUST TRAVEL in that cabin -    Retirees  are not eligible to book any additional staterooms. -    Retired employees of non-existing (defunct) airlines do NOT qualify for the interline rate Carnival requires proof of Interline Rate Eligibility immediately upon confirmation of your booking. Without proof of qualified interline eligibility, Carnival reserves the right to automatically adjust the price to the applicable retail rate prior to departure. For Bookings made outside 7 days of sailing: ID MUST be received within 72hrs of booking. For Bookings made inside 7 days of sailing: ID MUST be received within 24hrs of booking. Photo ID must be clearly legible and must show the branded company logo.

Primary Military Eligibility for Military Rate Program

Active Personnel - US Military Only.    - Spouses of active Military personnel called to active duty overseas will be eligible to book one cabin as long as the eligible spouse is occupying this cabin. The spouse must provide proof of eligibility by submitting a copy of the Military spouse card as well as a copy of the official orders and/or duties documentation - US Reserve Personnel                                                             - Active Cadets                                                                         - U.S Coast Guard Personnel                                                     - Active member of the US National Guard                                          

- Uniformed members of the USPHS (U.S Public Health Services)              

- Retired US Military Personnel

- Retired member of the National Guard                                                           - Veterans, defined as: Individuals who have actively served in the Military for at least two years or during a wartime period and have been honorably discharged

Military Personnel are permitted to book only ONE cabin at the Military Rate

3-nt Bahamas Carnival Conquest

Cruising aboard Carnival Conquest elevates fun at sea to an art form — the ship demonstrates a true mastery of the craft with an onboard collage of fun spots for you to enjoy, like Guy's Burger Joint, RedFrog Rum Bar and SkyBox Sports Bar.

There's fun everywhere you look, from the dance club (great for people-watching) to the show lounges (great for show-watching). Alchemy Bar serves up not only one-of-a-kind drinks, but a complete experience for your senses. There's even The Punchliner Comedy Club, which gives stand-up comedians a microphone and a place to share their craft for your enjoyment. And let’s not forget Seuss at Sea, which turns classic Dr. Seuss stories and characters into big fun for all.

You don't need to be able to tell a Monet from a Renoir to dine in the two artful dining rooms, you just need to be hungry. You don’t need a performing arts degree to enjoy lively musical shows onstage at Playlist Productions, but you can say you’re experiencing art from your seat.

With delicious food, bars and entertainment, Carnival Conquest (renovated in 2017) has a scene for everybody.

Ship Length: 952 ft Gross Tonnage: 110,000 Cruising Speed: 21 Knots Total Staff: 1,150 Guest Capacity: 2,980 (max. 3,966) Ship Class: Conquest

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What perks do Carnival employees get?

Carnival is well-known for its fun-filled cruise vacations, but have you ever wondered what perks its employees enjoy? Working for Carnival comes with a plethora of enticing benefits that contribute to a rewarding and fulfilling experience. From generous travel perks to comprehensive healthcare coverage, Carnival employees receive a range of enticing perks that make their employment with the company all the more appealing.

One of the most alluring perks for Carnival employees is the opportunity to travel and explore different destinations across the globe. As a Carnival employee, you may have the chance to embark on cruises and visit exotic locations while enjoying discounted fare rates. This travel benefit not only allows employees to witness breathtaking sights but also fosters a sense of adventure and cultural enrichment.

In addition to travel perks, Carnival offers its employees a comprehensive benefits package that includes healthcare coverage. Employees have access to medical, dental, and vision insurance plans, ensuring that their well-being is prioritized. This coverage extends to their immediate family members, providing peace of mind and security for the Carnival employee and their loved ones.

FAQs about perks for Carnival employees:

1. What discounts do Carnival employees receive on cruises? Carnival employees enjoy discounted fare rates when booking cruises, making it more affordable for them to travel and explore different destinations. The exact discount amount may vary depending on various factors, but employees can expect significant savings compared to regular passengers.

2. Do Carnival employees receive free accommodation during their cruises? While accommodations during cruises are not typically provided for free, Carnival employees can take advantage of discounted cabin rates, making their stay aboard the ship more affordable. These discounted rates allow employees to enjoy the cruise experience without breaking the bank.

3. Are Carnival employees allowed to bring their families on cruises? Yes, Carnival employees have the exciting opportunity to bring their immediate family members on cruises. This perk allows employees to share unforgettable moments with their loved ones and create precious memories together.

4. What types of healthcare coverage are available for Carnival employees? Carnival offers its employees a comprehensive healthcare package that includes medical, dental, and vision insurance. This coverage ensures that employees and their families have access to essential healthcare services, promoting their overall well-being.

5. Can Carnival employees take time off for personal vacations? Carnival understands the importance of work-life balance and provides its employees with paid vacation days. This allows employees to take time off to relax, recharge, and spend quality time with their loved ones.

6. Are there opportunities for career advancement within Carnival? Yes, Carnival encourages career growth and development among its employees. There are various opportunities for advancement within different departments and positions, allowing employees to progress and take on more responsibilities.

7. Do Carnival employees receive any discounts on onboard amenities? Carnival employees enjoy discounts on a variety of onboard amenities, such as dining experiences, spa treatments, and retail purchases. These discounts contribute to a more enjoyable and affordable onboard experience for employees.

8. Are there any retirement benefits for Carnival employees? Carnival provides its employees with retirement options, including a 401(k) plan that allows employees to save for their future. This benefit helps ensure employees have financial security even after their retirement.

9. Do Carnival employees have access to training and development programs? Carnival values the growth and development of its employees and provides access to various training programs and resources. These opportunities allow employees to enhance their skills and knowledge, supporting their professional growth within the company.

10. Are there any wellness programs available for Carnival employees? Yes, Carnival promotes employee well-being through wellness programs and initiatives. These may include fitness classes, counseling services, and wellness challenges aimed at maintaining a healthy work-life balance.

11. How does Carnival recognize and reward exceptional employees? Carnival acknowledges and appreciates outstanding employee performance through recognition programs and awards. These efforts inspire employees to excel in their roles and foster a positive work environment.

12. Are there any educational assistance programs for Carnival employees? Carnival offers educational assistance programs that support employees in pursuing further education and career development. These programs may include financial assistance for tuition fees or professional certification courses.

The perks available to Carnival employees contribute to the overall satisfaction and rewarding experience of working with the company. From discounted cruises to comprehensive healthcare coverage and opportunities for growth, Carnival goes above and beyond to ensure its employees feel valued and supported.

About The Author

Aanya Dutton

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Carnival Cruise Line Employee Discounts And Perks

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News & Insights

Which Cruise Line Stock Is Sailing Toward Higher Investor Returns?

June 30, 2024 — 04:12 am EDT

Written by Nicholas Robbins for The Motley Fool  ->

As the cruise industry navigates its way back to full strength, Carnival Corp. (NYSE: CCL) and Royal Caribbean Cruises (NYSE: RCL) continue charting their courses as giants on the seas. Both have shown remarkable resilience and strategic acumen over time, especially with pandemic recovery. Carnival's superior cost management and exceptional financial recovery seem to give it a slight edge.

Let's look into the financial strategies and performance of both companies, and see if Carnival might be the better buy for long-term gains.

Carnival Corporation shows robust financial recovery and strategic cost management

Carnival Corporation continues to build on its significant financial recovery, marked by record second-quarter (ending May 31) results in 2024. The company reported unprecedented revenue of $5.8 billion, showcasing both effective strategies and strong demand. This impressive revenue growth indicates a healthy and expanding business, which can lead to higher stock prices and potential dividend increases.

Carnival's ability to manage its costs effectively helps drive its stellar financial results. By focusing on operational efficiencies and strategic expense management, the company has kept its cost increases relatively low. Effective cost management means more funds can be reinvested into the business or returned to shareholders, enhancing long-term value.

Operating results and bookings

Carnival reported a record Q2 operating income of $560 million, a massive increase of more than four times the 2023 levels. Operating income shows the profit earned from core business operations, excluding deductions of interest and taxes. This substantial increase underscores Carnival's efficiency in managing its core operations.

Carnival's customer deposits reached an all-time high of $8.3 billion, surpassing previous records by $1.1 billion. Such strong booking momentum indicates a sustained demand for Carnival cruises, providing a solid foundation for future revenue growth. High customer deposits signify robust future earnings potential, which can lead to rising share prices and increased investor confidence.

Royal Caribbean Group delivers impressive performance and promises a bright future

Royal Caribbean Group has also shown strong performance, with first-quarter results (ending March 31) in 2024 exceeding expectations. The company reported total revenue of $3.7 billion for Q1, with a net income of $360 million, highlighting its profitability. Additionally, the company projects its adjusted earnings per share ( EPS ) for 2024 to fall between $10.70 and $10.90, indicating strong earnings growth. The company's ability to leverage strong demand and onboard spending continues to drive these significant revenue increases alongside earnings growth. Strong earnings growth suggests a solid financial footing and the potential for higher dividends or stock buybacks here as well, likely enhancing shareholder value over time.

Onboard revenue and customer engagement

A significant portion of Royal Caribbean's revenue growth comes from increased onboard spending. The company's efforts to improve customer experience through premium offerings and innovative amenities have resulted in higher onboard revenue rates. This strategy highlights Royal Caribbean's ability to drive incremental revenue, which can support sustained financial performance and stock price appreciation.

The company also reported 2024 sailings booked at higher rates than 2023. Higher booking rates demonstrate Royal Caribbean's ability to attract customers and maximize their spending, reinforcing its strong market position and enhancing its appeal to investors looking for sustained growth and returns.

Carnival edges ahead in many areas

Comparing the two cruise giants, Carnival's robust financial recovery and effective cost management results appear to give it an advantage. Carnival's record revenue and customer deposits indicate a strong demand environment and efficient operational execution, critical components for long-term success. Carnival's focus on operational efficiency and expense management also translates more easily into a resilient and potentially more profitable investment. While Royal Caribbean's growth appears impressive, there are a few reasons why it might not be the top choice right now. Royal Caribbean has higher debt levels, which means more of its revenue goes toward interest payments rather than being reinvested or given back to shareholders. Its operational costs continue rising due to investments in new attractions and drydock days. Carnival's broader portfolio and stronger market position also give it an edge in stability and efficiency as the company maintains its position as the best revenue generator in the market.

Not always smooth sailing

While both companies have shown resilience, potential challenges still threaten the industry's resurgence. For Carnival, these include rising fuel costs and geopolitical uncertainties that could affect operational costs and profitability. However, Carnival's strategic focus on cost management and operational efficiencies provides a buffer against these risks.

For Royal Caribbean, the reliance on onboard spending for revenue growth could be vulnerable to economic downturns or changes in consumer spending behavior. Nonetheless, the company's diversified revenue streams and strong brand reputation help mitigate these risks. Neither appears to be a poor choice for investment, and there are no immediate signals of choppy waters ahead.

A rising tide raises all boats, but Carnival sails ahead

As the cruise industry continues its robust recovery, both Carnival Corporation and Royal Caribbean Group present compelling investment opportunities. The industry's upward momentum benefits both companies, driving revenue growth and profitability. However, Carnival stands out at this time due to its exceptional cost management, record-breaking customer deposits, and strong financial recovery.

Carnival's focus on operational efficiency and effective cost control positions it as a resilient choice for long-term investors. While Royal Caribbean's strong earnings growth and innovative onboard offerings make it a solid investment, Carnival's overall financial health and execution provide a more compelling case for higher investor returns.

Investing in either company offers the potential for substantial gains as the industry rebounds. However, Carnival's current performance and strategic direction make it the standout choice. Investors going this route benefit from both the rising cruise industry tide and Carnival's strong individual momentum.

Should you invest $1,000 in Carnival Corp. right now?

Before you buy stock in Carnival Corp., consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Carnival Corp. wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $757,001 !*

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Nicholas Robbins has no position in any of the stocks mentioned. The Motley Fool recommends Carnival Corp. The Motley Fool has a disclosure policy .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Carnival shares rise as flood of demand for cruise bookings bolsters record quarterly results

After cruises became the canary in the coal mine for the tourism industry’s decimation during the pandemic, bookings have come roaring back. The biggest winner is cruise companies, with Carnival reporting on Tuesday that it had reached record revenue in the second quarter of 2024.

The outlook for the cruise giant is even rosier for 2025, with advanced bookings set to be higher than in 2024. Analysts at UBS maintained their buy rating on the stock, setting a target price of $21. Carnival shares rose Tuesday on the news, reaching $18.40 at time of publication after hovering around $16 at the start of the week.

A rising tide

After a disastrous 2020 and 2021, which saw cruise companies lose tens of billions of dollars and become saddled with debt, they won back customers with what a Morningstar analyst referred to as "diplomatic pricing"—offering deep discounts and packaging together amenities.

In Tuesday's second-quarter earnings release, Carnival announced it had prepaid around $6.6 billion in debt over the last 15 months, reducing its debt by nearly 40%. With growing revenue, however, the company also has invested in infrastructure, including installing the Elon Musk–run internet service Starlink across its fleet and launching a new ship called Queen Anne, which can hold 3,000 passengers.

Competition remains steep, with Royal Caribbean unveiling the Icon of the Seas, the world's largest cruise ship, in January. Carnival's market cap of $23 billion is just over half of Royal Caribbean's $41 billion, though it remains the largest company in the industry by number of boats. The Switzerland-based Viking remains the smallest of the big three, with a market cap of around $13 billion.

Despite the positive outlook, UBS analysts warned that an economic slowdown, especially in the U.S. and Europe, could impact booking levels and pricing. Fuel prices remain another concern. Still, Tuesday's financials outperformed the analysts' expectations, largely driven by increased bookings and higher pricing. According to a separate report from Morningstar, booking patterns indicate that 2025 could yield higher results than the 3% previously predicted.

A May report from the trade association Cruise Lines International Association attributed the growth to new passengers, with 27% of "cruisers" over the past two years embarking on their first voyage, an increase of 12% over the past year. According to the report, cruise tourism rebounded faster than other forms of travel after the pandemic, with 31.7 million passengers in 2021 compared with pre-pandemic numbers of 29.7 million in 2019.

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News Release

Princess cruises launches cruise industry's best price guarantee on 2025 & 2026 cruises.

The Line's New "Better than Best Price Guarantee" Lets Smart Shoppers Book Early with Absolute Confidence  

FORT LAUDERDALE, Fla. , June 27, 2024 /PRNewswire/ -- Smart shoppers looking for the very best price on their 2025 or 2026 cruise vacation will appreciate the new "Better than Best Price Guarantee" from Princess Cruises . From July 1-September 2, 2024 , guests can book their dream Princess vacation with the added confidence of knowing they are securing the absolute best price available.

With the "Better than Best Price Guarantee" guests are assured that if they find a better price for the same Princess cruise, stateroom category, and sail date at any time before their final payment, Princess will honor the lower rate and provide 120% of the difference in the form of an onboard credit.

Terry Thornton , Princess Cruises chief commercial officer. "With our booking volume for 2025 voyages already nearly 30% higher than it has ever been  at this point in the typical booking cycle, securing your spot early has never been more important and this offer not only guarantees the best rates, but also ensures guests can choose their preferred dates and destinations. This way, guests can enjoy the best selection of Princess worldwide destinations and accommodations, knowing they have the best rate available for their cruise."

How it Works If a guest who books a cruise between July 1 and September 2, 2024 , for any 2025 or 2026 departure, finds an active, publicly available lower price for the identical verified booking on princess.com prior to the final payment of the cruise, guests can submit a Guarantee Claim Form and Princess will give the guest an onboard credit (OBC) with a value of 120% of the difference between what the guest actually paid for the original booking the located fare  (or other mutually agreed makegood) . Full terms and conditions can be found here: https://www.princess.com/en-us/plan/best-price-guarantee/terms-and-conditions .

All 16 ships in the Princess fleet offer well-appointed staterooms, world class dining, grand performances, award-winning casinos and entertainment, luxurious spas, imaginative experiences and boundless activities.

No matter the cruise, Princess delivers a premium vacation with the line's award-winning, signature Princess MedallionClass experience which offers unparalleled service and personalization. Guests booking can take advantage of inclusive packages like Princess Plus and Princess Premier which add popular amenities like WiFi, beverages, desserts, fitness classes, crew gratuities and more at an even greater savings of up 65% when the inclusive package amenities are purchased separately. 

Additional information about Princess Cruises is available through a professional travel advisor, by calling 1-800-Princess (1-800-774-6237) or by visiting www.princess.com .

About Princess Cruises Princess Cruises is The Love Boat, the world's most iconic cruise brand that delivers dream vacations to millions of guests every year in the most sought-after destinations on the largest ships that offer elite service personalization and simplicity customary of small, yacht-class ships. Well-appointed staterooms, world class dining, grand performances, award-winning casinos and entertainment, luxurious spas, imaginative experiences and boundless activities blend with exclusive Princess MedallionClass service to create meaningful connections and unforgettable moments in the most incredible settings in the world - the Caribbean , Alaska , Panama Canal , Mexican Riviera, Europe , South America , Australia / New Zealand , the South Pacific, Hawaii , Asia , Canada /New England, Antarctica, and World Cruises . The company is part of Carnival Corporation & plc (NYSE/LSE:CCL; NYSE:CUK). 

SOURCE Princess Cruises

CONTACTS: Negin Kamali, +1 661-753-1539, [email protected]; Briana Latter, +1 661-753-1538, [email protected]

AIDA Cruises is the market leader in the German-speaking cruise market. Home of the smile, AIDA Cruises is the epitome of a premium-quality, relaxing cruise and operates one of the world’s most state-of-the-art fleets. Visit: www.aida.de

Carnival Cruise Line, also known as America’s Cruise Line, is a leader in contemporary cruising and operates a fleet of ships designed to provide fun and memorable vacation experiences at a great value. Visit: www.carnival.com

Costa Cruises delivers Italy’s finest at sea, bringing modern Italian lifestyle to its ships to provide guests with a true European experience that embodies a unique passion for life through warm hospitality, entertainment and gastronomy. Visit: www.costacruise.com

Cunard is the epitome of British refinement for travelers who relish the line’s impeccable White Star Service, gourmet dining, world-class entertainment, and the legacy of historic voyages and transatlantic travel. Visit: www.cunard.com

Holland America Line's premium fleet of spacious, elegant mid-sized ships feature sophisticated five-star dining, extensive entertainment and activities, innovative culinary enrichment programs and compelling worldwide itineraries. Visit: www.hollandamerica.com

P&O Cruises (UK) is Britain’s favorite cruise line with a fleet of ships combining genuine service and a sense of occasion and attention to detail, ensuring passengers have the holiday of a lifetime, every time. Visit: www.pocruises.co.uk

P&O Cruises (Australia) provides a quintessential holiday experience for Australians and New Zealanders, taking them to some of the world's most idyllic and hard-to-reach places across Asia and the South Pacific. Visit: www.pocruises.co.au

Princess is the world’s leading international cruise line and tour company operating a fleet of modern cruise ships, renowned for the innovative design and wide array of choices in dining, entertainment and amenities. Visit: www.princess.com

Seabourn provides ultraluxury cruising vacations in a unique, small-ship style that focuses on genuine, intuitive service, all-suite accommodations, superb cuisine and unique experiences in destinations worldwide. Visit: www.seabourn.com

Carnival Corporation (NYSE:CCL) Q2 2024 Earnings Call Transcript

Carnival Corporation & plc (NYSE: CCL ) Q2 2024 Earnings Call Transcript June 25, 2024

Carnival Corporation & plc beats earnings expectations. Reported EPS is $0.11, expectations were $0.01798.

Operator: Greetings and welcome to the Carnival Corporation & plc's Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Beth Roberts, Senior Vice President, Investor Relations. Thank you, Beth. You may begin.

Beth Roberts: Thank you. Good morning and welcome to our second quarter 2024 earnings conference call. I'm joined today by our CEO, Josh Weinstein; our Chief Financial Officer, David Bernstein and our Chair, Micky Arison. Before we begin, please note that some of our remarks on this call will be forward-looking. Therefore, I will refer you to the forward-looking statement in today's press release. All references to ticket prices, net per diem, net yields and adjusted cruise costs without fuel will be in constant currency unless otherwise stated. References to per diems and yields will be on a net basis. Our comments may also reference cruise costs without fuel, EBITDA, net income, earnings per share, free cash flow, and ROIC, all of which will be on an adjusted basis unless otherwise stated.

All these references are non-GAAP financial measures defined in our earnings press release. A reconciliation to the most directly comparable US GAAP financial measures and other associated disclosures are also contained in our earnings press release and in our investor presentation. Please visit our corporate website where our earnings press release and investor presentation can be found. With that I'd like to turn the call over to Josh.

Josh Weinstein: Thanks, Beth. Inside of two years, we've made incredible strides in improving our commercial operations, strategically reallocating our portfolio composition, formulating growth plans and strengthening even further our global team Ship and Shore, the best in the business. Off the back of these efforts, we've closed yet another quarter delivering records. This time across revenues, operating income, customer deposits and booking levels, exceeding our guidance on every measure. Yields increased over 12% in Q2 over 1.5 points more than March guidance as we continue to drive strong per diem growth, up over 6%. And this is on over 10% more passenger cruise days, which is a combination of capacity growth and sailing at historical occupancy levels.

Our European brand experienced extraordinary yield improvement again this quarter, up over 20%, while North America continued to improve on last year's highs up a healthy 7%. We hit record second quarter adjusted EBITDA, roughly $150 million more than guidance. Encouragingly on a per ALBD basis to highlight operational improvement and even with significantly higher fuel prices, adjusted EBITDA not only surpassed the second quarter of 2019, it was also our highest second quarter mark in over 15 years. Coupled with flat cruise costs excluding fuel on a unit basis, which David will elaborate on, we delivered $500 million more to the bottom line year-over-year and outperformed our earnings guidance by $170 million. Based on continued strong demand trends, we are also taking up our expectations for the full year by $275 million driven by double-digit yield growth.

Now this would get us to double-digit ROIC this year. And while that will be a strong outcome for 2024, it is nowhere near what our business is capable of delivering. Our current booking trends are a testament to that. We are hitting records on top of previous records, which clearly tells us the strength and demand we have been building is continuing into next year and beyond. In the near-term, pricing on bookings taken in the second quarter has continued to run considerably higher for each of the third and fourth quarters. And again that's on top of record per diems last year. This strength has enabled us to take up yield guidance for the year by another 75 basis points. We expect to deliver consistent mid-single-digit per diem growth through the balance of the year, which would mark eighth consecutive quarters that we are achieving mid-single-digit or higher per diem improvements.

Our continued focus on optimizing our yield curve is not just a near-term benefit. We entered the second quarter with much less 2024 inventory to sell and have been able to lean even more into future periods. Accordingly, in the last three months not only did we take more bookings for post-2024 sailing than we did for in-year sailings, we set yet another record for the most future bookings ever taken during the second quarter. The unprecedented level of demand for 2025 sailings coupled with flat capacity growth next year translates into meaningful pricing power. And while it is still early for 2025 both price and occupancy are already ahead of where we were last year, leaving us in a position of strength with less inventory remaining for 2025.

It also shows in our more than $8 billion of customer deposits, which shattered last year's record by $1.1 billion. You have heard me say this before, this is not pent-up demand. It is the compounding effect of building increased consideration in our cruise brands over time and improvement in our yield management techniques to translate that demand into higher ticket prices. And it is further evidence of the strength of our consumer. Encouragingly, we're enjoying consistent growth in both repeat guests and new guests with each segment up 10% this quarter over last year. We also continue to actively manage our portfolio to further accelerate our underlying execution improvements. As previously announced, early next year we will sunset the P&0 Cruises Australia brand, selling the 28 year old Pacific Explorer and transferring P&0 Australia's two remaining vessels to Carnival Cruise Line.

Of course, we will still retain our leading presence in the Australian market, carrying over 60% of all Aussie Cruisers. It is a great market for us, especially since the Australian summer coincides with the Northern Hemisphere winter, enabling our seasonal ships to capitalize on two summer periods. And now we get to optimize our presence in this market by consolidating into Carnival Cruise Line. Not only will we gain operational, administrative and back office scale, we will ultimately have greater deployment flexibility compared to a dedicated Australian brand. At the same time, this move will further boost capacity for our highest returning brand, bringing the total to nine new ships joining Carnival Cruise Lines fleet since 2019, including the successful ship of three vessels from Costa Cruises.

These actions combined with the 2 Excel-class ships scheduled for delivery in 2027 and 2028 will grow Carnival Cruise Line's capacity by about 50% over 2019. By 2028, the Carnival brand will represent 37% of our portfolio, up from 29% as we continue to reshape our portfolio to maximize ROIC. Of course, our amazing destination experience, Celebration Key, purpose built for Carnival Cruise Line will soon support that growth and bolster returns through incremental revenue uplift coupled with improved fuel efficiency given its strategic location. We're introducing voyages to Celebration Key beginning in the second half of 2025 and ramp up to 18 ships calling Celebration Key in 2026. This quarter, we also delivered Queen Anne, Cunard's fourth Queen with an amazing naming celebration in Liverpool, England, Cunard's birthplace.

The streets of Liverpool were walled with tens of thousands of people joining the festivities as the City of Liverpool became the ship's official godparent. It was a historic moment and the first time an entire city ever christened a ship. The event generated overwhelming coverage and as intended broke booking records on the back of it. The new Queen is a step forward in every way for Cunard, while still retaining the DNA of British elegance and refinery that the brand is known for. We enjoyed another high profile naming event for Sun Princess in Barcelona with Godmother Hannah Waddington of Ted Lasso fame. Sun Princess has had great media coverage leading up to and following the naming ceremony with particular focus on its expansive specialty dining and beverage offerings and one of a kind Magic Castle experience.

Sun Princess, the first of its class has also been a big hit with guests as evidenced by outsized yield and high guest satisfaction scores. Last but not least, we held a naming event for Carnival Firenze in Long Beach, California, home for Carnival second ship featuring Fun Italian Style with Godfather Jonathan Bennett fresh off his Broadway stint starring in Spamalot. Welcoming Fun Italian Style to the West Coast generated nearly 2.5 billion media impressions to date and of course triggered a step-up in bookings. While these amazing new ships all contributed to the strong yield improvement we generated in the second quarter, even excluding them, yields on our existing fleet were up double-digits demonstrating fundamental strength on a same ship basis.

In addition, we completed the rollout of Starlink this quarter, another revenue uplift opportunity and a real game changer for our onboard connectivity experience, enabling us to deliver the same high speed WiFi service available on land throughout our fleet. Not only does this technology provide our guests with more flexibility to stay connected, it enables our crew to stay in touch with friends and loved ones and it enhances our onboard operational systems a win-win-win. Also, our consistent track record, our book position, our focus on commercial activity improvement, our portfolio management and the yet to be realized future benefits we'll receive from our Celebration Key destination development builds increased confidence in achieving the low to mid-single-digit yield growth set out in our long-term targets.

In fact, based on our upwardly revised guidance, we will be on average two-thirds of the way to achieving our three 2026 SEA Change targets. EBITDA for ALBD of $69, 12% ROIC and a 20% reduction in carbon intensity after just one year. With two years remaining, it gives us even greater confidence in achieving our target. At the same time, we continue to aggressively manage down debt and interest expense, while reducing the complexity of our capital structure, which David will elaborate on. The number of actions we've taken to improve our balance sheet this quarter puts us further down the path on our return to investment grade credit ratings over time. It's hard to believe in just over a month it will have been two years since I had the privilege of stepping into the role of CEO.

I am very proud of all we've accomplished in such a short time. Credit for our achievements go to our global team, 160,000 strong. Everyone has worked very hard to deliver yet another strong quarter, solidifying an amazing 2024 and setting us up well to top it in 2025. Equally important, they've all had a hand in delivering amazing vacation experiences and unforgettable happiness to 3 million guests yet again this quarter. So, to our amazing team, thank you. And of course, we couldn't do it without the support from our amazing travel agent partners and so many other stakeholders. Thanks to all of you. With that, I'll turn the call over to David.

David Bernstein: Thank you, Josh. I'll start today with a summary of our 2024 second quarter results. Next, I'll provide the highlight of our third quarter June guidance and some color on our improved full year guidance. Then I'll finish up with an update on our refinancing and deleveraging efforts. Let's turn to the summary of our second quarter results. Our bottom line exceeded March guidance by nearly $170 million as we outperformed once again. The outperformance was essentially driven by three things. First, favorability in revenue worth almost $65 million as yields came in up over 12% compared to the prior year. This was more than a point and a half better than March guidance driven by close in strength in ticket prices as well as onboard spending.

Second, cruise costs without fuel per available lower berth-day or ALBD came in flat compared to the prior year and were three points better than March guidance, which was worth over $85 million. Some cost savings were identified during the quarter which flowed through as improvements to our full year June guidance. However, most of the favorability in cruise costs for the second quarter was due to the timing of expenses between the quarters. And third, other operational improvements slightly offset by higher fuel prices and currency were worth $20 million. Per diems for the second quarter improved 6% versus the prior year driven on both sides of the Atlantic by considerably higher ticket prices and improved onboard spending. At the same time, our European brands on their path back to historical occupancy saw outside growth in their occupancy of over 10 percentage points as compared to the second quarter of 2023.

Our second quarter was fantastic across the board with strong demand delivering record revenues, record yields, record per diems and record operating income. Now one thing to highlight about our third quarter June guidance. The positive trends we saw in the second quarter are expected to continue in the third. Yield guidance for the third quarter is set at a strong 8%. The difference between the yield guidance for the third quarter and the second quarter yield improvement of over 12% is simply the result of the greater occupancy opportunity we had in the second quarter 2024 as we began sailing within our historical occupancy range in the second half of 2023. It is great to see that we anticipate continued strong per diem growth in the third quarter, which we are forecasting will drive the majority of the 8% yield improvement.

Turning to our improved full year June guidance. June guidance for net income is $1.55 billion, an improvement over our March guidance of approximately $275 million. This improvement was driven by three things. First, three quarters of a point increase in yields to approximately 10.25% based on the considerably higher prices we have been seeing in booking trends so far this year and the continued strength in demand we anticipate going forward. All of this is expected to drive an increase in net revenue of about $190 million. Second, as I previously mentioned, we identified cost savings that we flow through to our full year June guidance. However, they will be partially offset by higher variable compensation driven by our forecast for improved operating income.

Net, we are flowing through $25 million of cost savings for the full year. And third, an improvement in net interest expense of $60 million driven by our second quarter refinancing, repricing and debt prepayment activities. The strong 10.25% improvement in 2024 yields is a result of the increase in all the component parts. Higher ticket prices, higher onboard spending and higher occupancy at historical levels with all three components improving on both sides of the Atlantic. We recognize that even within our industry leading cost structure, there will always be cost opportunities which we can focus on and harvest over time. While we identify cost saving opportunities during the second quarter, we will not stop there. We will continue our endless quest for greater efficiency in our cost structure.

I will finish up with a summary of our refinancing and deleveraging efforts. During the second quarter, we generated cash from operations of $2 billion and free cash flow of $1.3 billion. We took delivery of one spectacular new ship Queen Anne and drew on her associated export credit facility continuing our strategy to finance our new bill program at preferential interest rates. Our efforts to proactively manage our debt profile continued throughout the quarter. We prepaid 1.6 billion of secured term loan facilities. We also repriced approximately 2.75 billion of the same secured term loan facilities. And we issued 535 million of unsecured notes due 2030, refinancing our unsecured notes due 2026, extending those maturities and reducing interest expense.

These transactions simplified our capital structure, reduced net interest expense in the second quarter by $10 million will reduce net interest expense for 2024 by $55 million and $85 million on an annualized basis. Our decision to prepay 1.6 billion of debt during the second quarter was based on our strong liquidity, our improved financial performance and our optimism about the future. We will continue to look for more opportunistic refinancings over time. Our leverage metrics will continue to improve throughout 2024 as our EBITDA continues to grow and our debt levels improve. Using our June guidance EBITDA of $5.83 billion, we expect a two turn improvement in net debt to EBITDA leverage compared to year end 2023 approaching 4.5 times and positioning us two-thirds of the way down the path to invest in great metrics.

Looking forward, we expect substantial free cash flow driven by our ongoing operational execution and the lowest newbuild order book in decades to deliver continued improvements in our leverage metrics and balance sheet moving us further down the road to rebuilding our financial fortress, while continuing the process of transferring value from debt holders back to shareholders. Now operator, let's open the call for questions.

*** While we acknowledge the potential of CCL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CCL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock . ***

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