Business

Carnival Corp CEO sees minimum of 2 more tough years for cruise industry – FT

cde.news desk 14 March 2021, 14:30 · 1 min read

Escorted by water-squirting tugs, the new Carnival Glory arrives in Cape Canaveral, Florida 11 July 2003. Constructed in Monfalcone, Italy, at a cost of $500 million U.S., the 952-foot liner is to be the largest ship sailing weekly Caribbean cruises from Central Florida. It can accommodate more than 3,000 guests and is the 19th ship in the fleet of Miami, Florida based Carnival Cruise Lines. Former astronaut Sally Ride is scheduled to christen the ship Monday, July 14. EPA PHOTO/EPA/ANDY NEWMAN

March 14 (Reuters) – Carnival Corp Chief Executive Arnold Donald anticipates at least two more tough years for the cruise industry, which is unlikely to return to pre-pandemic levels until at least 2023, the Financial Times reported on Sunday.

The cruise company’s full fleet might be sailing by the end of this year but it will take longer to recover to pre-crisis revenues, Donald told the newspaper in an interview.

Carnival in January reported a bigger-than-expected preliminary fourth-quarter net loss as business was brought to a virtual standstill by the coronavirus outbreak.

(Reporting by Kanishka Singh in Bengaluru; Editing by William Mallard)

Filed under Business

Topics Carnival Cruises cruise liners

Carnival Corp CEO sees minimum of 2 more tough years for cruise industry – FT

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