Carnival Corporation & plc (NYSE:CCL) Q1 2023 Earnings Call Transcript

Paul Golding : I wanted to ask around other ship operating from a dry dock perspective. Is there a potential quantification of this for us in terms of what’s left? I think a lot of us were under the impression that through COVID and warm and cold layup, a lot of this has been worked through, and I recognize that this is for a reinstatement of the ship. But is there a way to quantify that? And then secondly, on marketing, anything we think about on cadence, not necessarily total spend, but cadence relative to the offset in Australia and Asia restarts as we look at the next year, year and change?

David Bernstein : Yes. So as far as dry dock is concerned, yes, there were a lot of ships that went into dry dock last year. But keep in mind, depending on the ship, depending on the age of the ship, either ships have to go into dry that once every five years or twice every five years. So it’s — there are lots of differences, and we’re always going to have dry docks every year. They do vary, and we try to give an indication. 2022 was an unusually high year because of the restart, but we do expect that dry docks this year and every year thereafter on a regular basis as we go forward. And as far as the cadence on the restart is concerned?

Josh Weinstein : On the advertising front, it’s pretty consistent quarter-over-quarter for the rest of the year. Things do slide from quarter-to-quarter, but nothing, I think, is worth pointing out.

David Bernstein : And our plans might change, as Josh indicated before. So it’s very hard to give that level of detailed guidance.

Josh Weinstein : So with that, I have to say thanks, everybody, for joining and talk to you next quarter. Thank you.

Operator: That concludes today’s call. We thank you for your participation and ask you to please disconnect your lines.