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Carnival Gains on Plans for Full Service by May

By Dhirendra Tripathi – Carnival (NYSE:CUK) stock (NYSE:CCL) rose 0.7% on Monday after the cruise operator said the opening of the Alaska season in May will mark the return of its entire fleet to service, less than 10 months after resuming operations.

The company today laid out its fleet deployment plans through October.

Carnival operates 10 year-round homeports in the U.S., the most of any cruise line, and by March, it will have resumed service in all 10 of them.

“We are also continuing to make plans for a return to guest operations in Australia upon completion of our Alaska season,” said Christine Duffy, president of Carnival Cruise Line, in a release.

The cruise industry was one of the biggest victims of the pandemic as lockdowns and then vaccine-mandates kept travelers away. Just as the industry attempted to resume, surges of the infection kept operations curtailed and expensive for the company.

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