(This March 14 story corrects first and second paragraphs after FT amended its report to reflect that Carnival’s recovery will be primarily affected by fleet size)
(Reuters) – Cruise operator Carnival Corp Chief Executive Arnold Donald has said that shrinking its fleet due to the pandemic will slow its full recovery until 2023, as cruise lines battle a prolonged fallout from on-board outbreaks, the Financial Times reported on Sunday.
The cruise company’s full fleet might be sailing by the end of this year but with a smaller fleet it will take longer to recover to pre-crisis revenues, Donald told the newspaper in an interview.
Carnival in January reported a bigger-than-expected preliminary fourth-quarter net loss as business was brought to a virtual standstill by the coronavirus outbreak.
(Reporting by Kanishka Singh in Bengaluru; Editing by William Mallard)