Carnival CEO On Strategy For Cuba And Impact Of Crude Prices On Quarterly Results

The world’s largest cruise operator, Carnival Corporation CCL posted better than expected fourth-quarter results on Friday.

Arnold Donald, Carnival Corporation CEO, was on CNBC to discuss the company’s results along with its strategy for Cuba.

Strategy For Cuba 

“We are very excited, should the legislative embargo will be lifted on Cuba. There’s a lot of pent-up demand for people to go to Cuba, to visit for US citizens. There are 11 ports that can accommodate our ships and the ships from the industry. The Havana port itself has a shallow draft, so it takes smaller ships, there is a tunnel there so you cannot […] too deep in it, but there are several other ports. It will require some investment, it will require some infrastructure to enhance, but should the legislative embargo will be lifted, we are very excited,” Donald said.

Not Hedging Fuel Helped In Posting Better Results?

“Yeah, we use collars, we don’t hedge […] but no our gains even without the fuel benefit we got in for a quarter, we would have beaten guidance. So, we have had strong performance across our brands in North America and Europe and we are looking forward to even more powerful 2015 for our shareholders and for our teams.”

Why Diversify Super Bowl Ad Campaign Among 9 Brands?

“Well, the reality is each of our brand caters to different psychographic segments […] and So, the idea here is to just expose all the great wonderful things that create the great vacation experience, that cruising is. It is to address all the myths that people have about cruising aren’t really true.