Carnival plc was one of the companies to exit the FTSE100 index of leading shares traded on the London Stock Exchange in the latest revision of the index that was announced on 02 June and which will take place later this month.

Travel shares have been badly hit by the COVID-19 pandemic and this has led shares in the Carnival plc sharply lower. They currently trade in the region of £11.50 after hitting a low of £5.81 earlier this year. Carnival plc traded at about 42 before the crisis. The FTSE100 index is based on market capitalisation of the companies listed on the London market.

TUI AG, the cruise and package holiday operator, exited the index in March and EasyJet, the budget airline, was another travel stock to be removed from the index in its latest revision, UK media reports said.

Carnival plc is the UK domiciled and listed holding company in the Carnival Corporation & plc group.