Donald talked recently to The Associated Press about his company, the cruise industry and the intersection of business and politics. Answers have been edited for length.
Even though we had no revenue, we had to continue to man the ships with minimal manning, so we had a significant burn rate with no revenue coming in. The demand for travel experience in the global population has not gone away — that demand is still there. In a very short period of time, the world has kind of made itself knowledgeable and developed solutions to address COVID We have successfully been sailing during the pandemic, even before vaccines over in Europe.
People who cruise understand that. They they know the ships are not airplanes where people are sitting right next to each other all the time. Want more of our free, weekly newsletters in your inbox? It would have been nice to have had some assistance. We have a lot of U. We will probably have a little bit more capacity There is probably going to be a potential environment for stronger pricing. That combination will lead to more revenues.
He was a big part of the decision to divide the chairman role and the CEO role, knowing that we had to focus attention on some of these areas that with the publicity and all of that, and other areas in the business that needed additional focus. People who cruise understand that. They they know the ships are not airplanes where people are sitting right next to each other all the time.
It would have been nice to have had some assistance. We have a lot of U. Analysts in a FactSet survey expect Carnival's revenue in will top That seems optimistic to me. Can you do that? We will probably have a little bit more capacity There is probably going to be a potential environment for stronger pricing. That combination will lead to more revenues. You came in shortly after the Costa Concordia capsized off Italy and the Carnival Triumph drifted around the Caribbean with no power and no toilets after a fire knocked out power.
What was that like? He was a big part of the decision to divide the chairman role and the CEO role, knowing that we had to focus attention on some of these areas that with the publicity and all of that, and other areas in the business that needed additional focus.
The company hopes to have the entire fleet of nearly 90 ships back sailing by next spring, but regulations aimed at limiting the spread of COVID on board have meant slow going so far. Donald is counting on experienced cruisers being eager to sail again. He acknowledges, however, that the industry faces a challenge to attract new followers. Donald talked recently to The Associated Press about his company, the cruise industry and the intersection of business and politics. Answers have been edited for length.
Can you start by describing what the pandemic has done to Carnival? Even though we had no revenue, we had to continue to man the ships with minimal manning, so we had a significant burn rate with no revenue coming in.
How will your company and the cruising industry recover? The demand for travel experience in the global population has not gone away — that demand is still there. In a very short period of time, the world has kind of made itself knowledgeable and developed solutions to address COVID We have successfully been sailing during the pandemic, even before vaccines over in Europe.
People who cruise understand that. They they know the ships are not airplanes where people are sitting right next to each other all the time.
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