Best Credit Cards Best Cash Back Cards We act ethically and with integrity so we all can thrive. ET by Tomi Kilgore. Unvaccinated guests age 12 and older, leaving from Florida ports (effective Aug. 1 to Dec. 31, 2021) must show proof of a travel insurance policy that has at . A percentage in excess of 100% indicates that three or more passengers occupied some cabins. Net Cruise Costs ("NCC") and NCC excluding FuelNet Cruise Costs represent Gross Cruise Costs excluding commissions, transportation and other expenses and onboard and other expenses and, in the case of Net Cruise Costs excluding Fuel, fuel expenses. "Despite the impact of Omicron earlier in the year and the horrific conflict in Ukraine, we are encouraged by the strong demand for cruising and the steady acceleration in booking volumes," Liberty added. For the 2022 periods presented, we calculate "Constant-Currency" by applying the average 2019 or Q1 2022 period exchange rates for each of the corresponding months of the reported and/or forecasted period, so as to calculate what the results would have been had exchange rates been the same throughout both periods. There are far fewer balcony cabins on older Royal Caribbean ships (and all older cruise ships in general). Nous, Yahoo, faisons partie de la famille de marques Yahoo. Jason Liberty Executive Vice President/CFO Royal Caribbean Cruises "It is happening. Royal Caribbean's next earnings report (for Q2 FY 2022) is expected to be released on Aug. 3, 2022. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. This company has a Environmental, Social and Governance Report available to view on our partner site, ResponsibilityReports.com, Royal Caribbean Group (NYSE: RCL) is a cruise vacation company comprised of three award-winning global brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. The debut of the 2021 sustainability report comes on the heels of Royal Caribbean Group announcing that they have committed to an additional five-year partnership with World Wildlife Fund (WWF). Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. For additional information see "Adjusted Measures of Financial Performance" below. Annualized Return. The Group expects to return to Australia for the local summer season in the fourth quarter of 2022. ". Operating cash flow and EBITDA were positive for the quarter. Royal Caribbean Cruises Ltd. "Royal Caribbean Group Reports First Quarter 2022 Results and Provides a Business Update. The company's shares fell more than 1% in pre-market trading. Photo packages can be purchasedpre-cruise with a discount, or onboard. MIAMI, Feb. 22, 2021 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) today reported financial results for the fiscal year of 2020 and commented on . Royal Caribbean Group (NYSE: RCL) today reported second quarter 2022 net loss of $(0.5) billion and loss per share of $(2.05). 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. "Price Chart: RCL and S&P 500.". (For Additional Reporting) 3217. Where can I fill out a survey regarding my experience on my most recent sailing? Investopedia requires writers to use primary sources to support their work. View PDF View Form 10K (HTML) Royal Caribbean Group does not currently have any hardcopy reports on AnnualReports.com. Countryside, coastal or cityscape: how to value a view? The Net Loss and Adjusted Net Loss for the quarter are primarily the result of the continued impact of the COVID-19 pandemic on the business. October 28, 2022 1:26 pm. Royal Caribbean International doesnt control how long the refund process takes; After your sailing we send a link to your email address on file. But that's not the case here.Earnings ESP: Royal Caribbean has an Earnings ESP of 0.00%. However, the company said second quarter results were meaningfully ahead of the company's expectations driven by accelerating and strong close-in demand, further improvement in onboard revenue and better cost performance. What Happened and Who Was Responsible, Trailing 12 Months (TTM): Definition, Calculation, and How It's Used, What Is the Unemployment Rate? Royal Caribbean Cruises Ltd. (RCL) reportedQ1 FY 2022 earningsthat missed analyst expectations. "Since our return to service last year, we have seen more than 3 million guests enjoy cruise vacations responsibly, under an evolving operating environment," said Liberty. As one of the Caribbean's leading diversified financial services companies, RBC provides personal and commercial banking, wealth management, corporate and investment banking, insurance . CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS, (unaudited, in thousands, except per share data), Marketing, selling and administrative expenses, Impairment and credit losses (recoveries), Interest expense, net of interest capitalized, (Loss) gain on cash flow derivative hedges, Trade and other receivables, net of allowances of $7,897 and $13,411 at June30, 2022 and December31, 2021, respectively, Other assets, net of allowances of $72,648 and $86,781 at June30, 2022 and December31, 2021, respectively, Current portion of operating lease liabilities, Preferred stock ($0.01 par value; 20,000,000 shares authorized; none outstanding), Common stock ($0.01 par value; 500,000,000 shares authorized; 283,076,357 and 282,703,246 shares issued, June30, 2022 and December31, 2021, respectively), Treasury stock (28,018,385 and 27,882,987 common shares at cost, June30, 2022 and December31, 2021, respectively), Total liabilities and shareholders' equity, Loss (gain) on derivative instruments not designated as hedges, Amortization of debt discounts and premiums. (1)For the quarter and six months ended June 30, 2019, the amount does not include incremental fuel expenses incurred of $0.7 million related to the collapse of the drydock structure at the Grand Bahama Shipyard involving Oasis of the Seas. Royal Caribbean (RCL) came out with a quarterly loss of $2.08 per share versus the Zacks Consensus Estimate of a loss of $2.23. Adjusted Net (Loss) IncomeAdjusted Net (Loss) Income represents Net (Loss) Income excluding certain items that we believe adjusting for is meaningful when assessing our performance on a comparative basis. The company's operating cash flow, while slightly negative in March, turned positive in April, an important step in returning to profitability. A reconciliation to the most comparable U.S. GAAP measure of all adjusted financial measures included in this press release can be found in the tables included at the end of this press release. First quarter load factor was 57% with month-over-month sequential improvements. Approximately 20% of the customer deposit balance as of the end of the second quarter is related to FCCs. Guests are still booking their cruises closer-in compared to prior years, contributing to the better-than-expected load factors in the second quarter. Now that King Charles III has succeeded the former monarch, his mother, Queen Elizabeth II, who died on September 8, he possesses the large portfolio of historic castles, stately homes and palaces across the country. Enron was a U.S. energy company that perpetrated one of the biggest accounting frauds in history. During the first quarter, four additional ships resumed operations. Adjusted Net Loss and Adjusted Loss per Share were calculated as follows (in thousands, except per share data): Impairment and credit losses (recoveries) (2), Restructuring charges and other initiatives expense, Amortization of Silversea Cruises intangible assets related to Silversea Cruises acquisition, Convertible debt amortization of debt discount (3), Net gain related to the sale of the Azamara brand, Weighted-Average Shares Outstanding - Diluted. OccupancyOccupancy, in accordance with cruise vacation industry practice, is calculated by dividing Passenger Cruise Days by APCD. We use this measure to perform capacity and rate analysis to identify our main non-capacity drivers that cause our cruise revenue and expenses to vary. personal property report royal caribbeanmaritime crewing agency. Award. In February, the company entered into a $3.15 billion backstop facility, which provides flexibility in refinancing debt maturities due in June 2023. This represents an increase of about $600 million over the previous quarter despite the significant quarter-over-quarter increase in revenue recognition. (4)Represents estimated cash refunds expected to be paid to Pullmantur guests as part of the Pullmantur S.A. reorganization. On the other hand, supply-chain constraints, transitory costs related to health and safety protocols and elevated expenses (including fuel and food) are likely to negatively impact the results.The company has also anticipated the hurdles that can weigh on its 2022 earnings. After-Market: $49.00 +0.10 (0.20%) 7:44 PM ET. Company profile for Royal Caribbean Group including key executives, insider trading, ownership, revenue and average growth rates. Royal Caribbean Group is the owner and operator of three award winning cruise brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. We continue to see a robust and accelerating demand environment for cruising and on-board spend. If you w *Please see all applicable Terms & Conditions for Promotions. The Group is now offering cruises in all of its key destinations with the exception of China. ROYAL CARIBBEAN GROUP PARTNERS WITH TEXAS ARTISTS FOR NEW PORT OF GALVESTON TERMINAL. Trade and other receivables, net of allowances of $7,897 and $13,411 at June30, 2022 and. 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. Available Passenger Cruise Days ("APCD")Available Passenger Cruise Days 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. Royal Caribbean expects its full fleet of ships to be operational by the start of the 2022 summer season. Thank you for your patience! 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. Constant-CurrencyA significant portion of our revenues and expenses are denominated in currencies other than the U.S. Dollar. Gross Cruise CostsGross Cruise Costs represent the sum of total cruise operating expenses plus marketing, selling and administrative expenses. The Group expects to operate approximately 11.6 million APCDs for the third quarter and 11.5 million APCDs for the fourth quarter. However, it marks a slight . "We have taken and will continue to take proactive actions to improve our cash flow, balance sheet and methodically address near-term maturities.". We have a long-lasting partnership with our travel advisors across the globe. 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