Transcript
Operator
Arnold Donald: Good morning, everyone, and welcome to our Business Update Conference Call. I’m 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. It is hard to believe that it has been just 120 days since we voluntarily paused operations across our global fleet. In that relatively short time, we’ve returned over 260,000 guests home. We’ve already repatriated 77,000 crew members, and we’ll repatriate over 80,000 in total, hopefully before the month is over. We process billions of dollars, euros and sterling of guest refunds and billions of future cruise credits and those currencies as well. We moved 53 ships in the full pass status, and with the remainder expected to be in a similar position within the next month. We’ve reached agreements for the disposition of nine vessels, while negotiating the delay in delivery of 16 ships on order. We secured over $10 billion in new capital, while working to extend debt maturity and secure covenant waivers with over 20 lenders and over 40 different agreements. We’ve engaged with medical experts and scientists around the world to inform our development of return to cruise protocol, and we are now preparing for the imminent return of cruising in Germany. So we’ve come full circle from entering a voluntary pause of planning of staggered resumption. Now I couldn’t be more proud of how collectively our team has handled this. We looked at our guests, we looked…