Hints and tips:
...Cruise operators had to borrow heavily during the pandemic. Carnival has about $28.5bn of long-term debt. The $2bn it spent on interest expenses in the fiscal year contributed to the $74mn net loss....
...The shares of the trio of big cruise operators have each about doubled so far in 2023. Carnival announced record revenue in its most recent quarter....
...And Zaslav has touted a number of projects in the works, noting that Warner has entered partnerships with Tom Cruise and George Clooney....
...A version of this article was first published by Nikkei Asia on January 3. ©2023 Nikkei Inc. All rights reserved....
...Both companies are at pains to talk about their “yachts” rather than cruise ships, but perhaps the Aman group has the best claim of genuinely blurring the line between cruise ships and private superyachts...
...We enjoyed champagne cruises with dolphins romping beside the boat and my wife snorkelled with turtles....
...The San Francisco-based group has appointed Arnold Donald, former chief executive of cruise operator Carnival Corporation, Sachin Mehra, chief financial officer of Mastercard and Mason Morfit, chief executive...
...Notable holdings include stakes in Aston Martin; Carnival, one of the world’s biggest cruise line operators; and Lucid, an electric vehicle manufacturer that is building a production plant in Saudi Arabia...
...Woronka added that the slow recovery in the cruise industry — due in part to more onerous Covid-19 restrictions from the US Centers for Disease Control and Prevention than are enforced on other travel operators...
...A version of this article was first published by Nikkei Asia on February 28 2022. ©2022 Nikkei Inc....
...A version of this article was first published by Nikkei Asia on October 28 2022. ©2022 Nikkei Inc. All rights reserved....
...Polar cruises Border closures meant that last year no cruise ships made it down to Antarctica during the austral summer....
...Rival cruise operator Carnival advanced more than 7 per cent....
...During the initial period of lockdowns, cruise operators had hoped to be sailing by the end of 2020....
...A vessel said to be owned by Roman Abramovich left a Turkish marina after a Financial Times report that the port’s UK-listed operator risked violating sanctions....
...Pfizer’s phase 3 results lifted shares in companies that have been hit hard by the pandemic, such as cruise operators and airlines. Yet the drugs are not a panacea....
...Airline EasyJet, travel accommodation group Airbnb and cruise operator Carnival all ranked among the most frequent picks....
...But many operators are acutely aware of the damage another major Covid-19 outbreak on a cruise would do....
...Yet, while we were expecting earnings from the listed cruise operators to be a veritable shower of crud, FT Alphaville was still left with an open mouth at what we read this morning....
...In the US, mask mandates are being lifted and cruise lines are starting to untether their ships....
...One year after surging coronavirus cases forced Carnival’s Diamond Princess cruise ship into quarantine, the world’s largest cruise operator is still to resume its operations....
...It’s one of the basic tenets of our business model,” Frank Del Rio, chief executive of Norwegian Cruise Line, the third-largest cruise operator, told the Financial Times....
...Among various experiments to improve the efficiency of “last mile” logistics, Walmart in April invested in a General Motors-backed driverless car company, Cruise....
...But online booking groups have some advantages over other segments of the global travel industry such as airlines or cruise operators. The former generally have fewer assets on their balance sheets....
...burden on operators....
International Edition