We have been exploring a strategy for entering the Asian marketplace for some time and have indicated that our entrance into this hugely populated market would be through one of our existing brands. These cruises represent a first step in this initiative and will serve as a platform for future expansion into other areas of Asia. Although all of our brands are virtually unknown in China, we chose Costa because it is already very international in nature, serving guests of many different nationalities, languages and cultures.
More Quotes from Micky Arison:
That's quite a remarkable accomplishment considering that fuel price increases are estimated to cost the company an additional 170 million, or 20 cents a share, in 2005.Micky Arison
We are extremely disappointed to have to withdraw from this transaction. The proposed combination of Fairfield and Carnival was a tremendous opportunity to capitalize on many outstanding marketing synergies that would have benefited both companies.
Micky Arison
Given the significant decline in our stock price over the last few weeks, the company believes that the purchase of its stock represents a very attractive investment.
Micky Arison
Pat told me what had happened before practice Friday, and I stayed to watch. It looked like any other practice I've ever seen him run.
Micky Arison
Originally, we envisioned this ship would be designated for one of our European brands. However, Carnival Cruise Lines continues to perform at a very high level and based on the tremendous consumer demand for its products, we now believe that this specific tonnage would be best utilized for Carnival's North American market,
Micky Arison
It is a testament to the resilience of our cruise business that despite an approximate 50 percent increase in fuel costs for the quarter and the worst hurricane season in our history, we were still able to grow earnings by 20 percent to achieve record fourth quarter results.
Micky Arison
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