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Carnival Corporation & Plc's (CCL) CEO Arnold Donald on Q1 2021 Results - Earnings Call Transcript

Apr. 07, 2021 3:36 PM ETCarnival Corporation & plc (CCL), CUK, CUKPF
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Carnival Corporation & Plc (NYSE:CCL) Q1 2021 Earnings Conference Call April 7, 2021 10:00 AM ET

Company Participants

Arnold Donald - President and CEO

David Bernstein - Chief Financial Officer

Conference Call Participants

Steve Wieczynski - Stifel

Robin Farley - UBS

James Hardiman - Wedbush Securities

Patrick Scholes - Truist

Brandt Montour - JPMorgan

Jaime Katz - Morningstar

David Hargreaves - Stifel

Sharon Zackfia - William Blair

Arnold Donald

Good morning, everyone, and welcome to our Business Update Conference Call. I am Arnold Donald, President and CEO of Carnival Corporation & plc. Today, I'm joined telephonically by our Chairman, Micky Arison; as well as David Bernstein, our Chief Financial Officer; and Beth Roberts, Senior Vice President, Investor Relations. Thank you all for joining us this morning.

Now before I begin, please note that some of our remarks on this call will be forward-looking. Therefore, I must refer you to the cautionary statement in today's press release. Of course, the thing on everyone's mind is, when are we going to resume sailing here in the U.S.? Now while we're very disappointed with the April 2nd additional guidance issued under the conditional sail order, all 30 of our ships in U.S. waters, and that fall under the conditional sail order, have achieved green status. And we are continuing to work with the CDC and the administration to find practical approaches to resuming cruising in a way that serves the best interest of public health.

Now it's been over a year since we paused our guest cruise operations, but we are on our way back, and we are coming back an even stronger company operationally. Throughout this pause, we have been positioning Carnival to return to operations an even stronger company.

We're emerging with an exciting roster of new ships across our brands

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