Carnival Corporation & plc is an Anglo-American cruise operator and is currently the world’s largest travel and leisure company, with a combined fleet of over 100 vessels across ten well known cruise line brands.
As a dual-listed company, Carnival Corporation & plc is composed of two companies, the US-based Carnival Corporation and the UK-based Carnival plc, which both companies functioning as one entity. The Carnival Corporation is listed on the New York Stock Exchange and Carnival plc is listed on the London Stock Exchange.
The Carnival Corporation was founded as Carnival Cruise Line in 1972 as a subsidiary of American International Travel Service (AITS) by Ted Arison and Meshulam Riklis. In 1987 Carnival completed an initial public offering of 20 percent of its common stock on the New York Stock Exchange, raising approximately $400m. The capital raised was used to finance acquisitions, so in 1993 the business was restructured as a holding company, under the name Carnival Corporation, with Carnival Cruise Line becoming its principal subsidiary. Between 1989 and 1999, the company acquired Holland America Line, Windstar Cruises, Westours, Seabourn Cruise Line, Costa Cruises and Cunard.
P&O Princess Cruises plc was formed in the year 2000 following the demerger of the passenger cruise operations of P&O Cruises and Princess Cruises from the Peninsular and Oriental Steam Navigation Company (P&O) Group. Following the demerger the company acquired AIDA Cruises, as well as establishing the A’Rosa Cruises and Ocean Village brands.
AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard Line, Holland America Line, P&O Cruises, P&O Cruises Australia, Princess Cruises, Seabourn Cruise Line