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Carnival Provides Second Quarter Business Update

Carnival Provides Second Quarter Business Update.

articleCarnival PlcJuly 10, 20204/company/carnival-plc/news/carnival-provides-second-quarter-business-update
Carnival Provides Second Quarter Business Update

About this update from Carnival Plc

[{"type":"text","content":"\n \n Carnival Corporation & plc Provides A Business Update And Additional Financial Information For The Second Quarter\n MIAMI, July 10, 2020 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) provides a business update and additional financial information for the second quarter ended May 31, 2020.\n \n Business Update\n \n In the face of the global impact of COVID-19, the company paused its guest cruise operations in mid-March. The company expects to resume guest operations, with ongoing collaboration from both government and health authorities, in a phased manner. Specific brands and ships are expected to return to service over time to provide guests with unmatched joyful vacations in a manner consistent with the company's highest priorities, which are compliance, environmental protection and the health, safety and well-being of its guests, crew and the communities its ships visit.\n AIDA to resume cruise operations\n AIDA previously announced it will resume guest cruise operations from ports in Germany beginning August 2020 with three of its ships, making it the first of the company's nine cruise brands to resume guest cruise operations. AIDA will introduce additional safety and protective measures which will include pre-boarding health questionnaires and temperature checks for both guests and crew, physical distancing guidelines, routing systems on arrival, departure and onboard, increased mitigation and sanitation efforts in all cabins and public areas, as well as closely managing capacities at onboard experiences. These enhanced measures have been developed with advice from medical experts and align with the current guidance from the World Health Organization (\"WHO\") and the German Robert Koch Institute (\"RKI\"), as well as other governmental and health authorities.\n Capacity reduced by ship delivery deferrals and 13 expected ship dispositions\n The company expects future capacity to be moderated by the phased re-entry of its ships, the removal of capacity from its fleet and delays in new ship deliveries. As previously announced, the company intends to accelerate the removal of ships in fiscal 2020 which were previously expected to be sold over the ensuing years. The company sold one ship during June 2020 and has agreements for the disposal of five ships and preliminary agreements for an additional ...

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