sea coast with breeze is beginning to pick up. there is more wet weather into monday. mainly for northern and western areas of the uk. again it could be heavy, possibly thundery. more sunshine in southern and eastern areas. cooler and wetter to the north. talking business. hello everybody and welcome to talking business weekly with me, aaron heslehurst. let's go ahead and take a look at what's on the show. tourism — it's one of the worlds biggest industries but as the journey out of covid continues to have some mighty challenges. with covid restricting china where the biggest spenders come from plus soaring energy and living costs, higher interest rates, and not to mention, a global staffing shortage in a war in europe. lots of hurdles. so i'm going to be discussing the road back for the travel industry with the head of world travel and tourism council known as the wbt c and with the industries biggest disruptor brian chesky, yes, the big boss of air b&b. plus, can cruising make a comeback?

we talked to arnold donald who runs carnival corporation, that's the biggest cruise operator on the planet. where ever yourjoining me from around the world, once again, a big hello and a very warm welcome to the show. you know, it seemed like it was a another time, two years ago as a threat of covid became obvious one cruise ship, the diamond princess went into lockdown as the world watched. passengers, they were held for two weeks as the virus spread throughout the ship, infecting more than 700 onboard. shortly after, the world closed down and tourism

industry suffered the worst crisis in its history. take a look at this, this was the heart of venice during the middle of the pandemic, not a tourist sight. and from an empty st. mark's square in venice to in empty trafalgar square in london, holiday—makers and business passengers stopped flying and the hospitality industry ground to a halt. let's just take a look at the impact. in 2019, before the pandemic hit global tourism drove about nine and a half trillion dollars of economic activity or roughly 10% of the entire global economy. one in tenjobs on the planet were in travel and tourism and covid dealt it hammer blow. and as the world shutdown, business fell by a half in 2020. but the recent numbers, they give hopefuls out in january this year the united nation's estimates that tourism was up 130%, that's more than double

the numbers from the january before. but it's not all plain sailing. the global economy faces some mighty challenges which travel and tourism will have to deal with. rising fuel costs as a result in the war of the ukraine is one result of the industry. plus, consumers and businesses, they face their own rising cost of living, including fuel, food and rising interest rates which will make borrowing more expensive. and covid restrictions in china, there are certainly on another worry for the industry. before the pandemic chinese tourists were the most valuable in the world spending a quarter of $1 trillion travelling abroad in 2019. but now they are not travelling because of restrictions on re—entry, their country. and even in europe and other places where holidays are back on the agenda there's another problem, not enough staff. during the pandemic, many travel and hospitality companies, laid people off and now they are struggling to recruit again as the customers come bouncing back. and then came the war in ukraine.

much of the travel and tourism industry, they've withdrawn business from russia. air b&b during carnival corporation, they all ceased operations but some airlines from the gulf and china, they are still flying to russia and some websites continue to advertise for business there. so what's the view from inside the industry? and to find out, i caught up with the boss of the w ttc, that's the world travel and tourism council. julia simpson, my friend, always a pleasure to have you with us. can we start with this? we know that the war in ukraine, it's pushed up fuel costs. i mean, energy costs are soaring at the moment. how are airlines and other travel companies, which were already in financial difficulties just dealing with the pandemic, how are they now going to cope with these higher because? i completely agree with you. i'm shocked at seeing the price of the cruise almost getting to record amounts. and that inevitably will feed through to the cost of an airline ticket, it has to. and as you quite rightly say, the airline sector has been so badly hit. we lost 50% of our value.

if you look at global gdp was affected by 3.4 of it. so we've certainly been one of the sectors that suffered the most and hotels and airlines have been the front row of taking that kind of punch in terms of economics. yes, it's yet another pain for airlines to have to deal with. but what is very, very interesting is when i'm looking at the figures globally, travel is coming back. people have been sitting at home for two years yes, domestic travel whether you're in the us or whether you're in china have been very strong. people now want to travel abroad and see the world again. that wanderlust is still there, it's part of our and all the numbers that we are seeing now is that travel and tourism is coming back strongly.

it will probably return to pre—pandemic levels by 2023. so the pent—up demand has been there, travel is a returning but now they are returning at a time when we know consumers around the world, they are facing rising prices in everything. heating, food, just general living cost is out. i'm wondering, do your members think that is going to at least to some bookings? i think the increased living costs generally, globally is going to suppress all activity. but interestingly, i think a lot of people have carved out some of their savings to go on holiday because the bookings... i wasjust savings to go on holiday because the bookings... i was just looking recently at the bookings from the uk, i know were talking globally but just from uk, the number of bookings have gone up 300%, threefold this year compared to last year. julia. year compared to last year. julia, how big of _

year compared to last year. julia, how big of a _ year compared to last year. julia, how big of a deal _ year compared to last year. julia, how big of a deal is _ year compared to last year. julia, how big of a deal is it _ year compared to last year. julia, how big of a deal is it that - year compared to last year. julia, how big of a deal is it that the - how big of a deal is it that the chinese, the biggest spenders in terms of tourist that they are not travelling at the moment? surely that's having a pretty big impact around the world.— around the world. some of the bi est around the world. some of the biggest travellers _ around the world. some of the biggest travellers have - around the world. some of the biggest travellers have been . around the world. some of the i biggest travellers have been the chinese and americans. and the russians as well. the russians are obviously not travelling now but it is a big impact, where really hopeful that china will be reopening hopefully by the end of this year, if not the beginning of next year, that's what we are hoping for. well. that's what we are hoping for. well, on that positive _ that's what we are hoping for. well, on that positive note _ that's what we are hoping for. well, on that positive note julia _ that's what we are hoping for. well, on that positive note julia simpson, on that positive notejulia simpson, always appreciate your time. i will talk to side- _ always appreciate your time. i will talk to side. it's _ always appreciate your time. i will talk to side. it's been _ always appreciate your time. i will talk to side. it's been a _ always appreciate your time. iii-i" ii talk to side. it's been a pleasure. bye—bye. fist talk to side. it's been a pleasure. b e-b e. �* ., :: :: bye-bye. at the end of 2020 in the midst of the _ bye-bye. at the end of 2020 in the midst of the pandemic _ bye-bye. at the end of 2020 in the midst of the pandemic air - bye-bye. at the end of 2020 in the l midst of the pandemic air b&b listed its shares on the nasdaq stock exchange in new york. despite the concerns of the future of travel, investors piled in and by the end of first day of training the company that had disrupted the global hospitality was worth more than $100

billion. millions of people around the world use the company to rent out short term accommodation. so what can they tell us about the state of the travel and tourism industry right now? i caught up with the co—founder and ceo of air b&b for the ryan chesky, a real pleasure having you on my show. thank you so much for your time. having you on my show. thank you so much foryourtime. brian, let's start with this, obviously the horrendous war in ukraine has loomed large this year. i'm wondering, at what point did you realise you were going to have to react to russia's invasion? , . ., , invasion? pretty much immediately. i don't remember _ invasion? pretty much immediately. i don't remember the _ invasion? pretty much immediately. i don't remember the exact _ invasion? pretty much immediately. i don't remember the exact day - invasion? pretty much immediately. i don't remember the exact day of- invasion? pretty much immediately. i don't remember the exact day of the | don't remember the exact day of the invasion, i think it was what 11th of february, just to give you a little bit of back story, when the crisis in afghanistan occurred we committed to housing 20,000 afghan refugees and we had just announced we had housed 20,000 afghan refugees right before the invasion of ukraine. so the moment ukraine was invaded the

first question we asked was how can you help? it was obvious, we can mobilise our host community to provide housing for you great refugees in need. we announce within days of the invasion, airbnb would work to house a hundred thousand refugees. so far we've housed _ a hundred thousand refugees. so far we've housed 20,000 _ a hundred thousand refugees. so far we've housed 20,000 all— a hundred thousand refugees. so far we've housed 20,000 all refugees had our house for free. 0nly because of the generosity of our hosts. something even more remarkable than that happened. within days of the invasion people in our communities started booking hosts in ukraine, hosts they never intended to stay with just to make a donation to them to be able to help them. and within weeks of the invasion more than hundred and 60,000 people donated $20 million to ukrainian house, we didn't take any phase. i think that just shows the generosity of our community. just shows the generosity of our community-— just shows the generosity of our communi . , ., ., ., community. giving you are one of the first companies _ community. giving you are one of the first companies to _ community. giving you are one of the first companies to stop _

community. giving you are one of the first companies to stop operate - community. giving you are one of the first companies to stop operate in - first companies to stop operate in russia, i'm wondering, what do you say to those companies who are still advertising hotels and holidays there? , ., , ., there? some things are 'ust more im ortant there? some things are 'ust more important that h there? some things are 'ust more important than your _ there? some things are just more important than your business. - there? some things are just more - important than your business. unless that's what you believe in what you stand behind. i generally think there is a business decision and his principal decisions and sometimes your principles have to outweigh any financial consideration.— financial consideration. brian, have ou been financial consideration. brian, have you been surprised _ financial consideration. brian, have you been surprised by _ financial consideration. brian, have you been surprised by the - financial consideration. brian, have you been surprised by the speed i financial consideration. brian, have you been surprised by the speed ofj you been surprised by the speed of recovery of customer demand following the pandemic was back a little bit. i’m following the pandemic was back a little bit. �* ., , , , ., little bit. i'm not surprised that travel has _ little bit. i'm not surprised that travel has recovered. _ little bit. i'm not surprised that travel has recovered. i- little bit. i'm not surprised that travel has recovered. i think i little bit. i'm not surprised that i travel has recovered. i think when things are taken away from us, if they are truly meaningful will come back. i think travel is one of the most important, meaningful things in our life. travel is what we do when we graduate, get married, retire. people all around the world probably the first things they would do with that money was start to travel. not surprised although i do think the speed of the recovery may be even greater than i was expecting. etiquette shows that people are

tired of being home, tired of staring at screens, they want to get on in the world most of all i think people are feeling isolated, alone and travel is a great way to spend people you care about and see the world. fits people you care about and see the world. �* , ~' ., people you care about and see the world. �* , ,, ., , world. as we know, there is still hi t h world. as we know, there is still high covid _ world. as we know, there is still high covid infection _ world. as we know, there is still high covid infection rates - world. as we know, there is still high covid infection rates in i high covid infection rates in countries like india, south africa, even the united states, just among a few others. are you seeing much global variation in the recovery of lettings? global variation in the recovery of lettints? , , ., , a. lettings? yes. there is really asia and non-asia. _ lettings? yes. there is really asia and non-asia. north _ lettings? yes. there is really asia and non-asia. north america i lettings? yes. there is really asia and non-asia. north america is l lettings? yes. there is really asia i and non-asia. north america is very and non—asia. north america is very strong, roaring back, europe's roaring back latin america, a roaring back latin america, a roaring back. even australia which is part of egypt's pacific is roaring back. ages pacific, —— asia pacific, korea, japan, china and not of full throttle yet. these markets across borders markets. a lot of travel and age of somebody leaving one country and going to the other. because there is still the infection rates and the fact that a lot of

people are crossing borders yet, that's really restricting travel. but it's been a rebound in asia. we think it will rebound probably next year. think it will rebound probably next ear. , ., , think it will rebound probably next ear. , ., ., year. next year. okay. some are predicting — year. next year. okay. some are predicting this — year. next year. okay. some are predicting this year _ year. next year. okay. some are predicting this year will - year. next year. okay. some are predicting this year will be i year. next year. okay. some are predicting this year will be the i predicting this year will be the first full year airbnb makes eight net profit for the is it finally can happen? net profit for the is it finally can hat-en? net profit for the is it finally can ha . ten? , net profit for the is it finally can hat-en? , , happen? let me put this in perspective. _ happen? let me put this in perspective, we _ happen? let me put this in perspective, we were i happen? let me put this in| perspective, we were nearly happen? let me put this in _ perspective, we were nearly breaking even on a net profit low season. we did $1.2 billion in free cash flow. so if you follow the seasonality yes, i think will do really well this year. do yes, i think will do really well this year-— yes, i think will do really well this ear. , , this year. do you believe these hi t her this year. do you believe these higher costs — this year. do you believe these higher costs will _ this year. do you believe these higher costs will force - this year. do you believe these higher costs will force up i this year. do you believe these higher costs will force up the i higher costs will force up the prices on your site or is it happening already? i prices on your site or is it happening already? prices on your site or is it hat-enint alread ? ., �* ~' happening already? i don't think it will see the _ happening already? i don't think it will see the same _ happening already? i don't think it will see the same increase - happening already? i don't think it will see the same increase in i happening already? i don't think it will see the same increase in our i will see the same increase in our cost as other companies because most of our host don't think of their listings like a supply chain. the way you should think about it, most of our host rental homes they live in or their second home. the homes

they did not buy to rent so the airbnb income is supplemental. do not try to build a profit margin based on rising supply chain costs. some are but that's by and large how it is. we don't expect to see massive increases. of course, everything in the world is getting more expensive. 0urfavourite everything in the world is getting more expensive. 0ur favourite demand average daily rate is up but one of the main reason is because people are booking bigger homes to stay with groups. are booking bigger homes to stay with grows-— are booking bigger homes to stay witht-rous.�* , ., �* with groups. airbnb's growth hasn't lease with groups. airbnb's growth hasn't please everyone. _ with groups. airbnb's growth hasn't please everyone. there _ with groups. airbnb's growth hasn't please everyone. there is - with groups. airbnb's growth hasn't please everyone. there is a - with groups. airbnb's growth hasn't please everyone. there is a view. please everyone. there is a view that in some areas the increase in air b&b lettings might be making it harderfor air b&b lettings might be making it harder for local populations to find longer—term rental properties. [30 longer-term rental properties. do ou longer—term rental properties. drr you recognise that concern? of course i do. i think that when you are a ceo of a giant company you have to consider the intended and the unintended consequences of your products. you can't build a tool, put it in the hands of more than hundred million people and unintended consequences not happens. the question is, what you do about

it? were trying to work with cities. we work and comply with local laws and regulations of the cities will putting things like night restrictions that limit the amount of my chicken book. just to show you weak are trying to do something about it today we announced the biggest change to airbnb and a decade in our products the top part of what we are trying to do is redirect the demand away from the popular destinations that tend to get flooded with over tourism and try to spread people out in more locations all over the world. i don't think there is something such as over tourism generally in the world. too many people are going to the same place in the same day. we try to do something about it, we will see if it works but that is our attempt. will see if it works but that is our attem-t. , a will see if it works but that is our attem tt. ,., ., w ., ., attempt. good luck with that. you have seen some _ attempt. good luck with that. you have seen some spectacular i attempt. good luck with that. you i have seen some spectacular growth since you started airbnb. 0ver have seen some spectacular growth since you started airbnb. over the past 13 years i believe you posed more than a billion gas arrivals. but now you are a public company listed on the stock exchange. your

investors will expect you to keep that up. investors will expect you to keep that u t. ., ., investors will expect you to keep that u ., ., ., ., investors will expect you to keep that u-. ., ., ., ., ., investors will expect you to keep thatu-. ., ., ., ., ., . that up. you going to do that? when i was that up. you going to do that? when i was starting _ that up. you going to do that? when i was starting airbnb, _ that up. you going to do that? when i was starting airbnb, the _ that up. you going to do that? when i was starting airbnb, the most i i was starting airbnb, the most important piece of advice i ever got was from ourfirst important piece of advice i ever got was from our first investor and he said, "it's better to have a hundred people love you than a million people love you than a million people that just sort of like people love you than a million people thatjust sort of like you. the reason why if 100 million people love you your product they'll tell their friends about it and they'll tell their friends about it. love creates growth not the other way around. a lot of leaders are focused on growing but your customers don't care how fast you grow, your customers only care if they love your product for them if they love your product for them if they do they'll use it and tell people about it. so what were going to do is try to continue to create the very best experience possible. if people come to airbnb and have a great vacation they can become come back and tell people about it. is there a danger of overextended, getting too big too fast? i there a danger of overextended, getting too big too fast?- getting too big too fast? i think there's a danger— getting too big too fast? i think there's a danger of— getting too big too fast? i think there's a danger of trying i getting too big too fast? i think there's a danger of trying to i getting too big too fast? i think there's a danger of trying to do | getting too big too fast? i think- there's a danger of trying to do too many things too quickly. and we did that before the pandemic. i had a teacher at school that told me you can do everything you want in your

life is not the same time. i should probably listen to him during the time we were in a hyper growth. in the late 2000 tends put up because we had to make some very painful decisions to shutdown a lot of businesses that we were focused on. but we really lean, really focused and we are in incredibly focused company right now. i think the business and the results really pointed out. business and the results really pointed out-— pointed out. your european headquarters _ pointed out. your european headquarters are _ pointed out. your european headquarters are in - pointed out. your european headquarters are in dublin | pointed out. your european i headquarters are in dublin ireland and no doubt you enjoyed their low corporation tax rate of 12 and a half percent. next year this international agreement will put that up to 15%. that's going to sting a bit, isn't it? tide that up to 15%. that's going to sting a bit, isn't it?— sting a bit, isn't it? we are complying _ sting a bit, isn't it? we are complying with _ sting a bit, isn't it? we are complying with all- sting a bit, isn't it? we are complying with all laws, i sting a bit, isn't it? we arej complying with all laws, all sting a bit, isn't it? we are i complying with all laws, all tax regulations, of course, we want to be really good partners. i want to say something, we are actually one of the largest collectors and remainders of hotel tax in the world, most people don't realise this. we've already collected $4 billion in hotel tax. we have a lot of experience paying a large amount

of experience paying a large amount of taxes on airbnb already. i don't think it's in a stopper growth. covid, it's not over. how does airbnb see this playing out? certainly for the rest of this year. i think that number one we want people to continue to be responsible, we created a lot of health and safety guidelines for our host to continue to make sure their places are sanitary. we want to make sure that everyone's being responsible, that's number one. i think not withstanding major new strains like delta, omicron, i do think that the summer is going to be unlike any summer we've ever seen in travel. it can be the travel rebound of the century. i said that last year but actually, this 1's probably going to be bigger. notwithstanding major new strains i do think people after two years of being stuck in a house are just ready to get out, they are ready to travel. i think people are realising, this can't be the rest of my life to staying in my house, have to get outside, i have to see people and i think that's

what they can do until you travel to do that. tide what they can do until you travel to do that. ~ ., . what they can do until you travel to do that. . ., . ., ., do that. we touched on over the past 13 ears do that. we touched on over the past 13 years you've _ do that. we touched on over the past 13 years you've had _ do that. we touched on over the past 13 years you've had the _ do that. we touched on over the past 13 years you've had the billion - 13 years you've had the billion gas arrivals. when you were starting out, could you have predicted numbers like that?— out, could you have predicted numbers like that? funny you asked me that question. _ numbers like that? funny you asked me that question. i've _ numbers like that? funny you asked me that question. i've been - me that question. i've been reflecting on a lot of that stuff lately. what we started airbnb i remember saying to my co—founders, "0ne—day airbnb it can be huge, thousands of people are going one—day is this product. that's to me what huge man, thousands of people. you can't dream of something you haven't been exposed to. my parents were social workers, to be a business was a pizza shop. i could never imagine the scale we covered. but everything in the world that's big eventually starts small and airbnb was small for quite a long time before it really took off. fin time before it really took off. on that note, brian chesky, co—founder and the big boss of air b&b, a real

pleasure talking to you. thanks for joining me and i will check in with you soon. thank you. to the cruise industry. it was an industry nearly decimated during the pandemic, ships were confined to a harbours all around the world. but with so much demand from passengers, is cruising suffer a comeback? all the biggest players in the industry and have just been meeting in miami for the first time since covid. mike colleague lucy hawkins had a tough task ofjoining them. lucy, what is the mood been like there? task of joining them. lucy, what is the mood been like there? arguably the mood been like there? arguably the cruise industry _ the mood been like there? arguably the cruise industry was _ the mood been like there? arguably the cruise industry was the - the mood been like there? arguably the cruise industry was the heart i the cruise industry was the heart hit in the travel sector during the pandemic. for15 hit in the travel sector during the pandemic. for 15 months they had to halt sailing altogether. the message here in miami is that they are back and with a roar because demand for cruises is now at an all—time high. in 2019 30 million people took cruises, they are now expecting that number to be exceeded by the end of 2023. roots are opening up, 70% of

them. alaska and canada hasjust announced that they are reopening and australia has been given the green light as well. so and australia has been given the green light as well.— and australia has been given the green light as well. so the outlook is tood green light as well. so the outlook is good was _ green light as well. so the outlook is good was op _ green light as well. so the outlook is good was up but _ green light as well. so the outlook is good was up but surely - green light as well. so the outlook is good was up but surely with i green light as well. so the outlook is good was up but surely with all. is good was up but surely with all those bad objects from the start of the pandemic they must stay be a mountain to climb for these companies that said, recent news from the root doing us centre for disease, the cdc that's gotta be very welcome, right? find disease, the cdc that's gotta be very welcome, right? and perception is everything — very welcome, right? and perception is everything when _ very welcome, right? and perception is everything when it _ very welcome, right? and perception is everything when it comes - very welcome, right? and perception is everything when it comes to i is everything when it comes to cruising. bosses say they really don't ever want to see again the headlines i talk about floating petri dishes was up what they put in place is rigorous, vaccination, monitoring, when you're on board. the relationship in the us between the cdc and the cruise line industry has been incredibly important. it was a big moment for the industry were very recently the cdc dropped their travel health advisory for cruising. i've been speaking to arnold donald who is the biggest

player in the sector and getting his view on where the industry is at. the tremendous excitement and the reason _ the tremendous excitement and the reason is _ the tremendous excitement and the reason is because we are coming back _ reason is because we are coming back we — reason is because we are coming back. we will have all of our ships sailing _ back. we will have all of our ships sailing hy— back. we will have all of our ships sailing by the end of this year, we are looking — sailing by the end of this year, we are looking at a path to positive or earnings _ are looking at a path to positive or earnings in — are looking at a path to positive or earnings in the third quarter. after almost _ earnings in the third quarter. after almost two — earnings in the third quarter. after almost two years of generating losses — almost two years of generating losses being paused and no operations. the joy and the lignite in the _ operations. the joy and the lignite in the guest eyes, the joy in the cruise i— in the guest eyes, the joy in the cruise i as— in the guest eyes, the joy in the cruise i as they come back to top all the _ cruise i as they come back to top all the people that depend on this industry— all the people that depend on this industry on demand in the world, whether— industry on demand in the world, whether as — industry on demand in the world, whether as travel professionals, port workers, who were drivers, taxi drivers. _ port workers, who were drivers, taxi drivers. small— port workers, who were drivers, taxi drivers, small restaurants, tour operators— drivers, small restaurants, tour operators etc, it's a huge economic multiplier— operators etc, it's a huge economic multiplier that we represent. if multiplier that we represent. you've multiplier that we represent. if you've never cruise before but you seem negative headlines about what happened during the pandemic, what would you say to someone that they can be safe on board a cruise ship around covid? i can be safe on board a cruise ship around covid?— around covid? i would say talk to someone they — around covid? i would say talk to someone they trust _ around covid? i would say talk to someone they trust that's - around covid? i would say talk to someone they trust that's been i

around covid? i would say talk to i someone they trust that's been on a cruise _ someone they trust that's been on a cruise we _ someone they trust that's been on a cruise. we clearly have a lot of people — cruise. we clearly have a lot of people that are comfortable being on cruises, _ people that are comfortable being on cruises, we _ people that are comfortable being on cruises, we had over 2 million guests— cruises, we had over 2 million guests in— cruises, we had over 2 million guests in the past few months just on our— guests in the past few months just on our ships alone. we have a very low incidence of any cases of covid. we haven't— low incidence of any cases of covid. we haven't had any major outbreaks on any— we haven't had any major outbreaks on any ships. when people had covid because _ on any ships. when people had covid because there vaccinated, boosted etc, they _ because there vaccinated, boosted etc, they are aren't super sick. it hasn't _ etc, they are aren't super sick. it hasn't been _ etc, they are aren't super sick. it hasn't been disrupted for the other guests— hasn't been disrupted for the other guests onboard with the experience is great, _ guests onboard with the experience is great, the mitigations are in place — is great, the mitigations are in place to— is great, the mitigations are in place to ensure there is containment if there _ place to ensure there is containment if there is— place to ensure there is containment if there is any covid on board, which — if there is any covid on board, which they— if there is any covid on board, which they can be because it's covid and society— which they can be because it's covid and society overall. how which they can be because it's covid and society overall.— and society overall. how is it affected your _ and society overall. how is it affected your industry? i and society overall. how is it affected your industry? first | and society overall. how is it l affected your industry? first of and society overall. how is it i affected your industry? first of all our heart goes — affected your industry? first of all our heart goes out _ affected your industry? first of all our heart goes out to _ affected your industry? first of all our heart goes out to everybody i our heart goes out to everybody impacted — our heart goes out to everybody impacted by the war in ukraine. it's a terrible _ impacted by the war in ukraine. it's a terrible thing. as it impacted us? we had _ a terrible thing. as it impacted us? we had about 4% of our itinerary, st petersburg. — we had about 4% of our itinerary, st petersburg, included in the itinerary— petersburg, included in the itinerary takes it's a very popular

destination. obviously, we moved st petersburg _ destination. obviously, we moved st petersburg put up it's a challenge but we _ petersburg put up it's a challenge but we have over 3000 ukrainian crewmembers and 1000 russian crewmembers and 1000 russian crewmembers and 1000 russian crewmembers and just seeing how those _ crewmembers and just seeing how those peoples lives are impacted, we stand _ those peoples lives are impacted, we stand for— those peoples lives are impacted, we stand for peace, we provided a ship already— stand for peace, we provided a ship already in_ stand for peace, we provided a ship already in the netherlands to help carry refugees and transit refugees etc. carry refugees and transit refugees etc it's _ carry refugees and transit refugees etc. it'sjust a carry refugees and transit refugees etc. it's just a terrible thing. let's — etc. it's just a terrible thing. let's talk— etc. it's just a terrible thing. let's talk about fuel, behind payroll it must be one of your big is certainly... payroll it must be one of your big is certainly. . ._ payroll it must be one of your big is certainly... what we focus on is fuel consumption. _ is certainly... what we focus on is fuel consumption. first _ is certainly... what we focus on is fuel consumption. first because l is certainly... what we focus on is. fuel consumption. first because we want to— fuel consumption. first because we want to lower our emission footprint and secondly because it's a cost savings — and secondly because it's a cost savings. we very much focus on fuel consumption and proud to say we've reduced _ consumption and proud to say we've reduced our— consumption and proud to say we've reduced our emissions substantially over the _ reduced our emissions substantially over the last several years. in fact, _ over the last several years. in fact, in— over the last several years. in fact, in 2011 we peaked in carbon emissions — fact, in 2011 we peaked in carbon emissions. and we've grown our

capacity— emissions. and we've grown our capacity almost 45% since then and our admissions are less today than they were — our admissions are less today than they were in 2011. so that shows you the advancements in technology and practices _ the advancements in technology and practices to pay attention to the footprint — practices to pay attention to the footrint. ., .., , practices to pay attention to the footrint. ., , ., footprint. your company backlog, have ou footprint. your company backlog, have you been — footprint. your company backlog, have you been asked _ footprint. your company backlog, have you been asked to _ footprint. your company backlog, have you been asked to justify . footprint. your company backlog, i have you been asked to justify your $11 million payback was back in the us got nothing and asked for nothing. irate us got nothing and asked for nothinr. ~ �* . ,., , nothing. we didn't receive some help in the uk, nothing. we didn't receive some help in the uk. i— nothing. we didn't receive some help in the uk, i believe _ nothing. we didn't receive some help in the uk, i believe in _ nothing. we didn't receive some help in the uk, i believe in germany - nothing. we didn't receive some help in the uk, i believe in germany and l in the uk, i believe in germany and icarr— in the uk, i believe in germany and ican rememberone in the uk, i believe in germany and i can remember one of the country. whatever— i can remember one of the country. whatever we did in those places were for the people. so we didn't profit from _ for the people. so we didn't profit from that — for the people. so we didn't profit from that. it kept people having income — from that. it kept people having income that otherwise would not have had income _ income that otherwise would not have had income because we would of had to through _ had income because we would of had to through redundancy eliminate their roles because we had new revenue — their roles because we had new revenue. �* y ., their roles because we had new revenue. . y., i. their roles because we had new revenue. . ., , revenue. and your pay, your salary, have ou revenue. and your pay, your salary, have you been _ revenue. and your pay, your salary, have you been asked _ revenue. and your pay, your salary, have you been asked to _ revenue. and your pay, your salary, have you been asked to justify - revenue. and your pay, your salary, have you been asked to justify what | have you been asked to justify what you learned was that people may have asked was that they are very few people who asked me directly and i would never try to justify, people who asked me directly and i would never try tojustify, the board determined by compensation and

they can save why one of the baby they can save why one of the baby they pay me. they can save why one of the baby they pay me— they can save why one of the baby the .a me. .., ., .,, ., they pay me. uncomfortable with what had been paid- — they pay me. uncomfortable with what had been paid- i _ they pay me. uncomfortable with what had been paid. i took— they pay me. uncomfortable with what had been paid. i took a _ they pay me. uncomfortable with what had been paid. i took a big _ they pay me. uncomfortable with what had been paid. i took a big hit- they pay me. uncomfortable with what had been paid. i took a big hit in - had been paid. i took a big hit in 2020 _ had been paid. i took a big hit in 2020 when _ had been paid. i took a big hit in 2020 when the pandemic hit. but i should, _ 2020 when the pandemic hit. but i should, i'm — 2020 when the pandemic hit. but i should, i'm ceo of the corporation and i_ should, i'm ceo of the corporation and i don't — should, i'm ceo of the corporation and i don't have a problem with that _ and i don't have a problem with that but — and i don't have a problem with that. but my compensation was dramatically reduced and should of been and _ dramatically reduced and should of been and i— dramatically reduced and should of been and i have no problems with that _ been and i have no problems with that as _ been and i have no problems with that as we — been and i have no problems with that. as we come back we have a very large _ that. as we come back we have a very large business in creating value and we fought— large business in creating value and we fought to keep value for the shows — we fought to keep value for the shows. thank you very much. thank ou. shows. thank you very much. thank you- that's — shows. thank you very much. thank you- that's it _ shows. thank you very much. thank you. that's it for _ shows. thank you very much. thank you. that's it for this _ shows. thank you very much. thank you. that's it for this week - shows. thank you very much. thank you. that's it for this week show. i i you. that's it for this week show. i hope you enjoyed it. don't forget you can follow me on twitter. i will see you soon. thanks for watching. bye—bye.

hello there. we are going to see the weather changing overnight tonight and into tomorrow but it's been a super start to the weekend. sunshine far and wide, temperatures approaching 20 degrees in belfast. this is the picture earlier on in devon, warm enough for a paddle in the southwest of england that the weather is going to start to change this evening. high pressure has brought the sunshine and dry weather and light winds today as well but towards the southwest the cloud is and we've got the first signs of some showers. overnight those showers will push their way northwards into parts of wales in the midlands but mainly affect more southern parts of england, the could be some heavy and thundery downpours. quite a bit warmer here but further north across the uk where it's drier with some clear skies, could be quite a chilly start to tomorrow in scotland. early in the morning there could be some

showers pushing as far north as northern ireland and southwest scotland, the heavier ones in southern england will move away. generally, showers that do develop will be further north and had their wave further north through the day. more of the southern part of england and wales it will become drier and warmer with some sunshine. northern scotland may miss showers but even with showers temperatures are going to be similar to what we see today. a little bit cooler perhaps around the north sea coast with the breeze beginning to pick up. high pressure is getting squeezed away, pressure is lowering, we got he winds picking up and we got this rain pushing in from the southwest. there is more wet weather around on monday. mainly affecting northern and western parts of the uk, further south and east they'll be fewer showers, probably more in the way of sunshine and it will feel warm as well. but as you head further north where we got more cloud and most of the rain into the afternoon, particularly in scotland it will be quite a bit cooler here on monday afternoon. moving quickly into tuesday with that rain clearing out of the way we start with some sunshine but out towards the west

there's another band of rain coming in, mainly affecting more western parts of the uk and ahead of that it may well be dry. and warmer as well, particularly in the south—east likely to be the warmest day of the week ahead. it's a warm start to the week but we've got the threat of rain which could be heavy and potentially thundery as well. from mid week onwards it does become a drier, fewer showers, some sunshine and temperatures probably not quite as high.

this is bbc news. the headlines at 6pm... finland tells president putin it plans to join nato, saying the russian invasion of ukraine had altered finland's security situation. it's as representatives from the military alliance are meeting in germany. russian troops have withdrawn from ukraine's second biggest city, kharkiv, according to its mayor. it's been under constant bombardment since the invasion began. both sides say it's not clear when the war might end. translation: the west has declared total hybrid war on us and it's hard i to predict how long this will last but it's clear the consequences will be felt by everyone. a ban on buy—one—get—one—free deals on unhealthy food in england is to be put on hold for a year. a former health minister warns that it undermines the country's commitment to healthy living. i worry at its commitment

to health disparities, to the ten year cancer programme, to the fight to lead a healthy life,