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08 May 2021 The on-line newspaper devoted to the world of transports 18:43 GMT+2

July 10, 2020

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Original news
Salt to nine the number of cruise ships that Carnival intends to sell within 90 days

In the fiscal years the 2020 and 2021 group will take in delivery five new ships rather than the nine previewed previously

Salt to nine the number of the ships of which the crocieristico group American Carnival Corporation it intends to unravel time shortly in order to allow with the company, together to other measures, to contain the impact negative on own operating activity and on own economic results of the crisis primed from the pandemic of Covid-19 that it has stopped and it continues to block the cruises of the group.

Today Carnival has confirmed the quarterly net loss of -4,37 billion dollars in the period March-May of this preannounced year twenty days ago(on 18 June 2020) and, being profitable you notice in the detail the achieved economic results in the period, has confirmed that it is proceeding to the cession already announced of six ships, of which one it is sold last month, and has specified that already it has tightened preliminary agreements in order to unravel itself of ulterior three ships, for a total of nine cruise ships that the group previews to sell within 90 days. These cessions join to the four units of which era already announced the sale before fiscal year 2020.

Carnival also has made the point on the ships of new construction that already are ordered to the ship yards and that they will enter to take part of the fleet, illustrating the new taken delayed program of in delivery of these with companies shipbuilding units about to definition. In particular, Carnival previews that of the nine new ships whose delivery originally was previewed in fiscal years 2020 and 2021, within on November 30, 2021, date in which will finish fiscal year 2021, it will take some in single delivery five. Moreover Carnival is planning and agreeing with the yards the sliding of the delivery of ships originally previewed for fiscal years 2022 and 2023.

"We are - it has explained the president and managing director of the group American, Arnold Donald - placing the fleet in a phase of been extended pause and determining the proportions in the correct way our operations to earth. We have already reduced the operating costs - it has emphasized - of beyond seven billions of dollars on a yearly basis and also diminished the expenses on account capital of beyond five billions of dollars in next the 18 months. We are assured more than ten billions than additional liquidity to the aim to tackle to entire a new year with the ulterior remaining flexibility. We have quickly yielded assets and meanwhile deferred the taken one in delivery of new ships". "We will emerge - it has added Donald - as a thinner and more efficient company in a position to optimizing the case generation, to reimburse the debits and to return to a rating of investment grade that it offers remarkable yields to our shareholders".

Which that it is the goodness of the measures of I throw again of the activity put in field in order to exit from the crisis, for Carnival, so as for all the other crocieristiche societies, will not be neither immediate neither painless to behind part a period that probably most critical has never lived from the field and comparable to those in which the greater world-wide conflicts have happened. Carnival certainly will not forget easy according to trimester about the fiscal year a 2020, period that is finished 31st May, that it has been archived item with single 740 million dollars of revenues regarding 4,84 billion dollars in the same trimester of the exercise precedence and with an operating result of sign negative for -4,18 billion dollars respect to an operating profit of 515 million dollars in the period March-May of 2019.

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