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We recently published 10 Firms Facing a Rough March So Far. Carnival Corporation & PLC (NYSE:CCL) was one of the worst performers on Monday.
Carnival Corporation saw its share prices drop by 7.64 percent on Monday to finish at $29.14 apiece amid the ongoing tensions in the Middle East that propelled oil prices higher and dragged down travel demand.
As of writing, Brent crude and WTI soared by 7.67 percent and 6.68 percent, respectively, amid oil supply risks caused by the war among the US, Israel, and Iran. Thousands of airlines have also been cancelled and rebooked.
Meanwhile, US President Donald Trump said that the strikes may continue over the next four weeks, further dampening appetite for the global tourism and travel sector, including cruise operators, which receive a significant number of passengers from air flyers.
Meanwhile, investors will be closely watching out for Carnival Corporation & PLC’s (NYSE:CCL) business outlook for this year when it announces its earnings performance for the first quarter of fiscal year 2026 late this month.
Based on its historical reporting dates, Carnival Corporation & PLC (NYSE:CCL) may release its results on March 20, 2026.
In other news, Carnival Corporation & PLC (NYSE:CCL) officially published its intention to restructure and unify its two companies listed in the US and the UK.
Under the plan, Carnival PLC would operate as a UK-based entity under Carnival Corporation, while the latter would be renamed to Carnival Corporation Ltd.
It would also create a single stock for all shareholders, from being traded under ticker symbols CCL and CUK at present.
The cruise operator said it expects to secure shareholder approval for the plan on April 17, 2026.
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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. Follow Insider Monkey on Google News.
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