Carnival announces fleet reduction amidst executive reshuffle
Carnival Corporation has announced they will offload 6 ships from their current fleet, amidst an executive restructure that will strengthen the corporation's business. The revelations were made in Carnival Corporation's second quarter earnings results released on June 18, in which the company posted a net loss of $4.4 billion and revenues of just $0.7 billion, down from $4.8 billion during the same timeframe in 2019.
Carnival said it intends to accelerate the removal of the ships in the 2020 financial year, which they previously expected to be sold over the ensuing years.
Carnival said it intends to accelerate the removal of the ships in the 2020 financial year, which they previously expected to be sold over the ensuing years.
Of importance to note is that this announcement was made by Carnival Corporation, not Carnival Cruise Lines.
The Carnival Corporation comprises of 9 different cruise lines, including AIDA, Carnival Cruise Line, Costa Cruises, Cunard Line, Holland America Line, P&O Cruises, P&O Australia, Princess Cruises and Seaborn. There has not been a confirmation of which ships will be permanently removed or from which brand they will come from.
The Carnival Corporation comprises of 9 different cruise lines, including AIDA, Carnival Cruise Line, Costa Cruises, Cunard Line, Holland America Line, P&O Cruises, P&O Australia, Princess Cruises and Seaborn. There has not been a confirmation of which ships will be permanently removed or from which brand they will come from.
With the global change to normal cruise business for everyone, the Carnival Corporation had to delay the arrival of their 4 previously scheduled new build ships. They were meant to be delivered between May and October 2020 but are now on hold including the long-awaited Carnival Mardi Gras.
As big as the cruising world is, they still can’t definitively predict when it will be back to normal operations. Whenever it does come back it will have to resume guest operations in a phased manner.
Carnival are anticipating that the initial sailings will be a select number of easily accessible homeports with future capacity being moderated by the same phased manner of guests and ships.
Last week, the company also announced the appointment of Josh Weinstein as its new chief operations officer.
In addition, Weinstein will retain oversight of Carnival UK, the operating company for P&O Cruises and Cunard, which he managed directly for the past three years.
Simon Palethorpe, currently president of Cunard, will assume added responsibilities in the role of president of Carnival UK.
As big as the cruising world is, they still can’t definitively predict when it will be back to normal operations. Whenever it does come back it will have to resume guest operations in a phased manner.
Carnival are anticipating that the initial sailings will be a select number of easily accessible homeports with future capacity being moderated by the same phased manner of guests and ships.
Last week, the company also announced the appointment of Josh Weinstein as its new chief operations officer.
In addition, Weinstein will retain oversight of Carnival UK, the operating company for P&O Cruises and Cunard, which he managed directly for the past three years.
Simon Palethorpe, currently president of Cunard, will assume added responsibilities in the role of president of Carnival UK.