"2021 marked the beginning of our return to our mission of delivering the very best vacation experiences," said . Source: Predictions based on analysts' consensus fromVisible Alpha. "Much of what the Royal Caribbean Group has achieved has involved collaborators and partners. For 2023, all quarters are currently booked within historical ranges at record pricing. Royal Caribbean Group does not currently have any hardcopy reports on AnnualReports.com. Looking for a particular position? That represents about 90% of its global fleet capacity. During the second quarter, the Group generated operating cash flow of approximately $0.5 billion. Why do I have a pending authorization on my bank account? In June, the Group completed the return of its global fleet to operations across key destinations. EBITDA and Adjusted EBITDA were calculated as follows (in thousands): Impairment and credit losses (recoveries) (9). RCL Occupancy Rate. The Group continues to benefit from the delivery of new, more efficient ships and past sales of less efficient ships, as well as actions taken to improve operating costs and margins that continue to materialize as operations ramp up. China remains closed to cruising due to the ongoing pandemic related lockdowns. Based on current fuel prices, the company expects approximately $271 million of fuel expense in its second quarter 2022 at an average pricing of $695 per metric ton net of hedging. It is not possible to predict or identify all such risks. The company also reported Adjusted Net Loss of $(0.5) billion or $(2.08) per share for the second quarter of 2022 compared to Adjusted Net Loss of $(1.3) billion or $(5.06) per share in the prior year. First quarter load factor was 57% with month-over-month sequential improvements. The purchase price for the vessel was $275 million, significantly below its estimated original cost. I would like to speak to someone regarding the experience I had on my most recent cruise, who can I contact. The company reported Net Loss for the second quarter of 2022 of $(0.5) billion or $(2.05) per share compared to Net Loss of $(1.3) billion or $(5.29) per share in the prior year. Find out more about how we use your information in our privacy policy and cookie policy. Carnival has a deal to create a private island-like cruise port in Grand Bahama. We, Yahoo, are part of the Yahoo family of brands. How can I redeem my Future Cruise Credit? During the first quarter, four additional ships resumed operations. Royal Caribbean Group is also a 50% owner of a joint venture that includes TUI Cruises and Hapag-Lloyd Cruises. Forward-looking statements reflect management's current expectations, are based on judgments, are inherently uncertain and are subject to risks, uncertainties and other factors, which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Starting Aug. 8, testing will be required for unvaccinated guests on all voyages and for vaccinated guests only on voyages that are six nights or longer. In the last . "Royal Caribbean Cruises Ltd (RCL).". By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. Throughout a sailing, pending authorizations (holds) are issued to cards on file as a way to secure funds for onboard processed transactions. The Group continues to make strides in its healthy return to operations in a strong demand environment. Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 64 ships traveling to approximately 1,000 destinations around the world. Depreciation and amortization expenses for the second quarter of 2022 are expected to be in the range of $350-$355 million. You can learn more about the standards we follow in producing accurate, unbiased content in our. Royal Caribbean's occupancy rate, at 57.4% for the first quarter, is a significant improvement from the year-ago quarter's rate of 37.7%. I purchased photos before or during my cruise, but I havent received my photo link. Third quarter load factors are expected to average approximately 95%, with itineraries in North America (including the Caribbean, Alaska, Bermuda, West Coast, and Canada) averaging about 100%. ". For the 2022 and 2019 periods presented, Net Cruise Costs and Net Cruise Costs excluding Fuel exclude (i) restructuring charges and other initiative expenses; (ii) the transaction costs related to the Silversea Cruises acquisition; and (iii) the costs, net of insurance recoveries, related to the Grand Bahama drydock structure incident involving Oasis of the Seas. We would love to hear your feedback. Available Passenger Cruise Days ("APCD")APCD is our measurement of capacity and represents double occupancy per cabin multiplied by the number of cruise days for the period, which excludes canceled cruise days and cabins not available for sale. The port will include shops, a large pool, and restaurants. Rates by State, Fiscal Quarters (Q1, Q2, Q3, Q4) Explained, Royal Caribbean Group Reports First Quarter 2022 Results and Provides a Business Update, Form 10-K for the Fiscal Year Ended December 31, 2021. Adjusted Measures of Financial PerformanceThis press release includes certain adjusted financial measures defined as non-GAAP financial measures under Securities and Exchange Commission rules, which we believe provide useful information to investors as a supplement to our consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles, or US GAAP. These items are uncertain and could be material to our results of operations in accordance with U.S. GAAP. As one of the Caribbean's leading diversified financial services companies, RBC provides personal and commercial banking, wealth management, corporate and investment banking, insurance . Royal Caribbean's Requirements. Please make sure that you have the Personal Property Report and that you filled out included in the e-mail as you will need it as part of your claim. The scheduled debt maturities for the remainder of 2022 are $1.6 billion. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com. This call can be heard, either live or on a delayed basis, on the Company's Investor Relations website at www.rclinvestor.com. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. Or, if youre looking for more information on something you saw displayed around the ship, please contact International Corporate Art by phone at (30 For Photo Inquiries, please contact Customer Service by phone at +1 800 256 6649. Where can I fill out a survey regarding my experience on my most recent sailing? Cedar Fair, L.P. FUN has an Earnings ESP of +2.38% and a Zacks Rank #3. ROYAL CARIBBEAN GROUP REPORTS ON 2021 RESULTS, PROVIDES BUSINESS UPDATE. The best way . As of March 31, 2022, the company's liquidity position was $3.8 billion, which includes cash and cash equivalents, undrawn revolving credit facility capacity, and a $700 million commitment for a 364-day term loan facility. MIAMI, May 5, 2022 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) today reported first quarter 2022 operating loss of $(1.2) billion and loss per share of $(4.58). It marked the ninth straight quarter of adjusted losses per share. "The performance of our core business continues to strengthen, fueled by strong demand and excellent operational execution," said Naftali Holtz, chief financial officer at Royal Caribbean Group. However, Royal Caribbean is facing a number of inflationary and supply chain challenges that are likely to weigh on earnings this year. Examples of these risks, uncertainties and other factors include, but are not limited to, the following: the impact of the global incidence and continued spread of COVID-19, which has had and will continue to have a material adverse impact on our business, liquidity and results of operations, or other contagious illnesses on economic conditions and the travel industry in general and the financial position and operating results of our Company in particular, such as: governmental and self-imposed travel restrictions and guest cancellations; our ability to obtain sufficient financing, capital or revenues to satisfy liquidity needs, capital expenditures, debt repayments and other financing needs; the effectiveness of the actions we have taken to improve and address our liquidity needs; the impact of the economic and geopolitical environment on key aspects of our business including the conflict between Ukraine and Russia, such as the demand for cruises, passenger spending, and operating costs; incidents or adverse publicity concerning our ships, port facilities, land destinations and/or passengers or the cruise vacation industry in general; concerns over safety, health and security of guests and crew; our COVID-19 protocols and any other health protocols we may develop in response to infectious diseases may be costly and less effective than we expect in reducing the risk of infection and spread of such disease on our cruise ships; further impairments of our goodwill, long-lived assets, equity investments and notes receivable; an inability to source our crew or our provisions and supplies from certain places; an increase in concern about the risk of illness on our ships or when travelling to or from our ships, all of which reduces demand; unavailability of ports of call; growing anti-tourism sentiments and environmental concerns; changes in U.S. foreign travel policy; the uncertainties of conducting business internationally and expanding into new markets and new ventures; our ability to recruit, develop and retain high quality personnel; changes in operating and financing costs; our indebtedness, any additional indebtedness we may incur and restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the impact of foreign currency exchange rates, the impact of higher interest rate and fuel prices; the settlement of conversions of our convertible notes, if any, in shares of our common stock or a combination of cash and shares of our common stock, which may result in substantial dilution for our existing shareholders; our expectation that we will not declare or pay dividends on our common stock for the near future; vacation industry competition and changes in industry capacity and overcapacity; the risks and costs related to cyber security attacks, data breaches, protecting our systems and maintaining integrity and security of our business information, as well as personal data of our guests, employees and others; the impact of new or changing legislation and regulations or governmental orders on our business; pending or threatened litigation, investigations and enforcement actions; the effects of weather, natural disasters and seasonality on our business; the impact of issues at shipyards, including ship delivery delays, ship cancellations or ship construction cost increases; shipyard unavailability; the unavailability or cost of air service; and uncertainties of a foreign legal system as we are not incorporated in the United States. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Core itineraries exclude sailings during the early ramp-up period of up to four weeks. ROYAL CARIBBEAN CRUISES LTD. 1050 Caribbean Way Miami, Florida 33132 : . Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. Royal Caribbean Group (NYSE: RCL) today reported third quarter 2022 Earnings per Share of $0.13 and Adjusted Earnings per Share of $0.26. Load factors in the second quarter were 82% overall, with June sailings reaching almost 90%. Portfolio has property at its heart, and wed like you to be part of it. All personal injury cases are complex, but those involving cruise lines and maritime laws can involve even more intricate laws and statutes. Royal Caribbean Cruises Ltd. price-eps-surprise | Royal Caribbean Cruises Ltd. Quote. The Group's fleet size expanded to 63 with the delivery of Wonder of the Seas and Celebrity Beyond in the first quarter and early second quarter, respectively. Personal Data: Contact . Balcony cabins: 1,796 (65%). Were unableto offer sales of any photographic products or services after your cr For inquiries about a product you purchased onboard, please contact Starboard Cruises at(800) 540-4785 or online. View PDF View Form 10K (HTML) Royal Caribbean Group does not currently have any hardcopy reports on AnnualReports.com. After-Market: $49.00 +0.10 (0.20%) 7:44 PM ET. Passenger cruise days are a metric calculated by taking the number of passengers carried during the measurement period and multiplying that by the number of days of the passengers' respective cruises. I was assaulted in international waters on their cruise ship. It is calculated by dividingpassenger cruise daysby the available passenger capacity, as measured byavailable passenger cruise days(APCD). The Scotsman Pennysaver The Eagle Newspapers The Syracuse New Times WCNY WRVO To our loyal artists and friends, who are so numerous that to attempt to list them, would . RICKs earnings surpassed the consensus mark thrice in the trailing four quarters and missed once, the average surprise being 39.4%. ", TradingView. A percentage in excess of 100% indicates that three or more passengers occupied some cabins. 3 Analysts expect the company to . ROYAL CARIBBEAN GROUP PARTNERS WITH TEXAS ARTISTS FOR NEW PORT OF GALVESTON TERMINAL. Nov. 14, 2022 at 8:51 a.m. Cautionary Statement Concerning Forward-Looking StatementsCertain statements in this press release relating to, among other things, our future performance estimates, forecasts and projections constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. If you are missing any Crown & Anchor points from one of your previous sailings or have any inquiries regarding your account, please contact us at crown We would love to hear your feedback about your experience on your last sailing with us. Cash flow from ships in operation was positive in the first quarter. For the third quarter, the company reported sales was . Selected Operational and Financial Metrics. But that's not the case here.Earnings ESP: Royal Caribbean has an Earnings ESP of 0.00%. Those challenges are mainly related to fuel and food costs as well as certain transitory costs related to health and safety protocols. In addition, cancellation activity has now returned to pre-COVID levels. The company has scheduled a conference call at 10:00 a.m. Eastern Time today. Countryside, coastal or cityscape: how to value a view? The brand has position at the upper end of the contemporary segment of the cruise vacation industry, although because the high quality can also reach premium segments. The company expects to operate 11.6 million APCDs in the third quarter and generate approximately $2.9 billion - $3.0 billion in Total Revenue, based on current currency exchange rates. Our five-pillar Environmental, Social and Governance (ESG) framework anchors everything we do. If you purchased Royal Caribbean Travel Protection and wish to file a travel insurance claim, please contact our service partner AON. The Group made significant progress in its recovery trajectory in the first quarter mainly due to continued strong demand for cruising and nimble execution in a challenging operating environment. Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a global cruise holding company incorporated in Liberia and based in Miami, Florida, United States.It is the world's second-largest cruise line operator, after Carnival Corporation & plc.As of January 2021, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and . Royal Caribbean expects its full fleet of ships to be operational by the start of the 2022 summer season. This compensation may impact how and where listings appear. Here are some stocks from the Zacks Consumer Discretionary space that investors may consider, as our model shows that these have the right combination of elements to deliver an earnings beat this time around.Crocs, Inc. CROX has an Earnings ESP of +1.48% and a Zacks Rank #1. 3 min read. For inquiries on art youve purchased onboard our ships, please contact Park West at (800) 521-9654. We believe that this non-GAAP measure is meaningful when assessing our performance on a comparative basis. Ships that operated the Group's core itineraries in the first quarter achieved a load factor of 59%. . With the fleet back in service, we have the full strength of our platform as we continue to execute on our recovery and build on our capabilities for long-term success.". 8/3/2022. Royal Caribbean Cruises Ltd. (RCL) reportedQ1 FY 2022 earningsthat missed analyst expectations. While the Group remains optimistic to capture long-term growth opportunities in that market, ships planned for China have been temporarily redeployed to meet the demand in other markets. Investing.com. Royal Caribbean Group (NYSE: RCL) today reported first quarter 2022 operating loss of $(1.2) billion and loss per share of $(4.58). The measure of capacity assumes double occupancy per cabin, which is why occupancy rates greater than 100% are possiblesometimes cabins are occupied by more than two passengers. However, some refunds may take up to 30 days to post. The presentation of adjusted financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with US GAAP. View original content to download multimedia:https://www.prnewswire.com/news-releases/royal-caribbean-group-reports-first-quarter-2022-results-and-provides-a-business-update-301540761.html, Trade and other receivables, net of allowances of $6,099 and $13,411 at March 31, 2022 and. OccupancyOccupancy, in accordance with cruise vacation industry practice, is calculated by dividing Passenger Cruise Days by APCD. Net interest expense for the second quarter of 2022 is expected to be in the range of $300-$310 million. (3) Represents the amortization of non-cash debt discount on our convertible notes. Booking volumes in the first quarter improved consistently week-over-week and reached typical Wave levels at the end of the quarter. RCI Hospitality Holdings, Inc. RICK has an Earnings ESP of +4.15% and a Zacks Rank #2. Approximately 20% of the customer deposit balance as of the end of the second quarter is related to FCCs.