Micky Arison
Micky Arison
Micky Arisonis an Israeli-American businessman and chairman of Carnival Corporation, the world's largest cruise operator. From 1979 until 2013, he also served as CEO until he was replaced in June 2013 by Arnold W. Donald, who had served on the company's board for 12 years. Arison is also the owner of the NBA's Miami Heat...
ProfessionBusiness Executive
Date of Birth29 June 1949
CityTel Aviv, Israel
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Costa is the largest and most successful cruise line in Europe and will serve as Carnival's primary platform for expanding our presence in this increasingly important market,
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I'm looking forward to an interesting period. We have a lot of opportunities obviously for the league and a lot of challenges, and I look forward to working with the league office to help in any way I can.
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We have every intention of relaunching cruise service from the great city of New Orleans as soon as the infrastructure is in place so that our ships may contribute to the economic recovery of the area.
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We are very pleased that our ships are making a difference in their lives and contributing to the recovery of New Orleans,
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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,
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Significant improvements in pricing, particularly for our North American brands, more than compensated for increases in fuel costs.
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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.
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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.
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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.
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I thought there was a better than 50-50 chance that he would choose to do that.
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I think that was a big psychological plus for us.
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Robust demand for cruise vacations continued into our seasonally strong summer period. Significant improvements in pricing, particularly for our North American brands, more than compensated for increases in fuel costs, resulting in higher profits and another record third quarter,
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Pier is a highly talented international executive and his years in Asia, combined with his vast experience overseeing Europe's leading cruise company, bring a unique insight and perspective into our new Asian cruise initiative.
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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.