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TheStreet Open House

Carnival's CEO Hosts Annual General Meeting (Transcript)

Stocks in this article: CCL

Carnival Corporation (CCL)

April 11, 2012 10:00 am ET

Executives

Micky M. Arison - Chairman, Chief Executive Officer, Chairman of Executive Committee, Chairman of Carnival Plc. and Chief Executive Officer of Carnival Plc.

Arnaldo Perez - Senior Vice President of legal, General Counsel and Secretary

Howard S. Frank - Vice Chairman, Chief Operating Officer and Member of Executive Committee

Presentation

Micky M. Arison

Good morning, everybody. I'd like to welcome all of you and thank you for joining us today. Before calling the meeting to order, I'd like to say a few words about the tragic accident involving Costa Concordia. As you can imagine, these past 3 months have been the most difficult and challenging in the history of our company. We're all deeply saddened. Our thoughts and prayers are with the passengers and crew members who were lost, their families and with all those who were impacted by the accident. We are grateful to the Italian authorities and rescue workers who acted heroically following the accident. I'd like to express our deepest appreciation to the local population of the island of Giglio and thank them for their generosity to those in need. And to the Costa Concordia crew, I want to thank and recognize them for their tireless efforts to evacuate more than 4,000 passengers and crew from the ship that night. Not enough can be said about the hard work the crew did to help our guests in that most challenging of conditions.

The cruise industry remains incredibly safe and maintains one of the best safety records of any form of recreational travel in the world. The safety and security of our guests and crew is job #1, and we will learn everything we can from this accident and apply all lessons learned. At this time, to honor those who were lost in the Costa Concordia, I ask you to join me in a moment of silence. Thank you.

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