Where can I get financial information if I booked through a Travel Advisor? Royal Caribbean canceled its Bahamas cruise for its ship . Source: Predictions based on analysts' consensus fromVisible Alpha. The cruise line plans to integrate it into the local . To date, approximately 56% of FCCs have been redeemed. For the remainder of 2022 and all 2023, the annual average cost per metric ton of the fuel swap portfolio is approximately $483 and $585, respectively. ". 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. I would like to speak to someone regarding the experience I had on my most recent cruise, who can I contact. Booking volumes for 2023 have shown consistent improvement week over week and have been accelerating over the last several weeks. 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. (2)Primarily represents asset impairments in 2021 and a credit loss recovery for a note receivable in which credit losses were previously recorded in 2022. Booking volumes in the first quarter improved consistently week-over-week and reached typical Wave levels at the end of the quarter. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. Royal Caribbean International doesnt control how long the refund process takes; After your sailing we send a link to your email address on file. 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.". The Group expects to operate approximately 10.3 million Available Passenger Cruise Days (APCD) for the second quarter with load factors of 75% to 80%. I have 3 cruises cancelled due to COVID. For new bookings, the Group has returned to typical booking and cancellation policies, which were relaxed during the pandemic. skindoc336. Third quarter results were better than expected and above guidance for the quarter mainly due to higher load factors from strong close-in demand, further improvement in onboard revenue and better Nous, Yahoo, faisons partie de la famille de marques Yahoo. Nov. 14, 2022 at 8:51 a.m. After-Market: $49.00 +0.10 (0.20%) 7:44 PM ET. Going up against a cruise line by yourself may not end the way you want. 2014 Corrections Annual Report - Volusia County, Florida. Applying your credit is easy! We, Yahoo, are part of the Yahoo family of brands. Who can I speak with regarding my missing photos? Together, their brands operate a global fleet of 60 ships traveling to more than 800 destinations. 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).The Group continues to make . Bookings for Europe sailings improved throughout the first quarter but softened due to the war in Ukraine with a bigger impact on Baltic itineraries. More information about factors that could affect our operating results is included under the caption "Risk Factors" in our most recent annual report on Form 10-K, as well as our other filings with the SEC, and the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent annual report on Form 10-K, copies of which may be obtained by visiting our Investor Relations website at www.rclinvestor.com or the SEC's website at www.sec.gov. View detailed RCL description & address. Our ships operate using a cashless system, so these accounts allow you to link a form of payment with your SeaPass Card which is then used for all onboard transactions. "It is gratifying to see our ships and crew returning to our mission of delivering the best vacation experiences in a safe and responsible way," said Jason Liberty, president and chief executive officer of the Royal Caribbean Group. See below to learn how: Heres how to redeem online for new bookings: Find the sailing that you are interested in. Other assets, net of allowances of $86,594 and $86,781 at March 31, 2022 and December 31, Common stock ($0.01 par value; 500,000,000 shares authorized; 282,973,716 and 282,703,246, Treasury stock (28,018,385 and 27,882,987 common shares at cost, March 31, 2022 and, Purchase of property and equipment included in accounts payable and accrued, Represents net insurance recoveries related to the collapse of the drydock structure at the Grand Bahama Shipyard involving, https://www.prnewswire.com/news-releases/royal-caribbean-group-reports-first-quarter-2022-results-and-provides-a-business-update-301540761.html. Adjusted Net Loss and Adjusted Loss per Share were calculated as follows (in thousands, except per share data): Restructuring charges and other initiatives expense, Amortization of Silversea Cruises intangible assets related to Silversea Cruises acquisition, Convertible debt amortization of debt discount (1), Net gain related to the sale of the Azamara brand, Weighted-Average Shares Outstanding - Diluted. The consensus mark for revenues stands at $3 billion, suggesting a whopping 557.6% surge from the year-ago reported figure. The Company has scheduled a conference call at 10:00 a.m. Eastern Time today. Oct 29, 2021, 10:00 a.m. Transaction costs related to Silversea Cruises acquisition included within marketing, selling and administrative expenses, Costs, net of insurance recoveries, related to the Oasis of the Seas incident included within cruise operating expenses. 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. "Price Chart: RCL and S&P 500.". 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). In the last . We would love to hear your feedback. Operating cash flow significantly improved throughout the first quarter and is turning positive in April. ESG at Royal Caribbean Group. The Group continues to make strides in its healthy return to . Royal Caribbean Seen Posting its First Profit in 3 Years, Royal Caribbean Cruises Q1 FY2022 Earnings Report Preview: What to Look For, Royal Caribbean Q4 2021 Earnings Report Recap, Royal Caribbean Cruises Q4 FY2021 Earnings Report Preview: What to Look For, Carnival Q2 FY2022 Earnings Report Preview: What to Look for, Royal Caribbean Group Q2 FY 2021 Earnings Report Preview: What to Look For. If you cant locate that link or the link has expired, you can let us know how your experience was here. Click the button below to request a report when hardcopies become available. 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. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. Personal Finance Credit Cards. (6)Represents net insurance recoveries related to the collapse of the drydock structure at the Grand Bahama Shipyard involving Oasis of the Seas. . The company continues to thoughtfully ramp up the fleet and load factors while emphasizing industry-leading health and safety standards, world-class guest experiences and financial prudence. We are committed to decarbonizing our operations through innovation and collaborative partnerships. Over the longer term, changes in guest sourcing and shifting the amount of purchases between currencies can significantly change the impact of the purely currency-based fluctuations. 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. 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. Balcony cabins: 1,796 (65%). 3589 (2023) 2023 Cable Television & Public Utility Property Report. The Group expects to return to Australia for the local summer season in the fourth quarter of 2022. (8)Excludes income tax (benefit) expense, included in the EBITDA calculation above. About Royal Caribbean GroupRoyal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the world with a global fleet of 63 ships traveling to approximately 1,000 destinations around the world. For the full year and the second half of 2022, pricing remains higher than in 2019 both including and excluding FCCs. Adjusted EBITDAAdjusted EBITDA represents EBITDA (as defined below) excluding (i) other income; (ii) impairment and credit losses (recoveries); (iii) restructuring charges and other initiative expenses; (iv) equity investment asset impairments; (v) net insurance recoveries related to the collapse of the drydock structure at the Grand Bahama Shipyard involving Oasis of the Seas; and (vi) the net gain recognized in 2021 in relation to the sale of the Azamara brand. Royal Caribbean's Requirements. 2021 Seastainability Report | Download PDF. This compensation may impact how and where listings appear. These statements include, but are not limited, to: statements regarding revenues, costs and financial results for 2022 and beyond. Third quarter results were better than expected and above . Personal finance may involve paying for education . It is calculated by dividingpassenger cruise daysby the available passenger capacity, as measured byavailable passenger cruise days(APCD). These statements include, but are not limited to: statements regarding revenues, costs and financial results for 2021 and beyond. Of the redeemed FCCs, about half have already sailed resulting in revenue being recognized. 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. ", TradingView. That represents about 90% of its global fleet capacity. During the first quarter, the Group carried approximately 800,000 guests and achieved record guest satisfaction scores and record total revenue per Passenger Cruise Day. 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. ET. Here are three steps to take if you want to bring a claim against Royal Caribbean: Speak to a Personal Injury Lawyer. Operating cash flow and EBITDA were positive for the quarter. Together, the brands have an additional 11 ships on order as of March 31, 2022. In January, the company completed an issuance of $1 billion of 5.375% senior unsecured notes. As of June 30, 2022, the Group's liquidity position was $3.3 billion, which includes cash and cash equivalents, undrawn revolving credit facility capacity, and a $700 million commitment for a 364-day term loan facility. It is not possible to predict or identify all such risks. What Happened and Who Was Responsible, Trailing 12 Months (TTM): Definition, Calculation, and How It's Used, What Is the Unemployment Rate? Bandwidth is the data transfer capacity of a network in bits per second (Bps). The Group is now offering cruises in all of its key destinations with the exception of China. Shares of RCI Hospitality have improved 21% in the past year. The scheduled debt maturities for the remainder of 2022 are $1.6 billion. The occupancy rate is a measure of the amount of available passenger capacity, or cabins, being utilized. the Committee considers the personal and professional ethics, integrity and values of the candidate and his or her ability to represent the long-term interests of the shareholders. 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. "We have taken and will continue to take proactive actions to improve our cash flow, balance sheet and methodically address near-term maturities.". (3) Represents the amortization of non-cash debt discount on our convertible notes. One of the most important is World Wildlife Fund. Some of the property in the control of the Royal Family is owned by the Crown Estate, and others they privately own. It should be emphasized that the use of Constant-Currency is primarily used by us for comparing short-term changes and/or projections. Royal Caribbean Cruises Ltd. RCL reported mixed first-quarter 2022 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. Due to this, we cannot speak about the finances on a reservation once a guest has booked through a travel agency. In June, the Group completed the return of its global fleet to operations across key destinations. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. We invest in our communities to foster culture and inclusive opportunities, and we go above and beyond to protect the environment and ocean health for future generations. MIAMI - November 3, 2022 - Royal Caribbean Group (NYSE: RCL) today reported third quarter 2022 Earnings per Share of $0.13 and Adjusted Earnings per Share of $0.26. An increase in ticket revenues, and onboard and other revenues are likely to have aided the top line.The Zacks Consensus Estimate for third-quarter passenger ticket revenues, and onboard and other revenues is currently pegged at $2,042 million and $933 million, respectively, indicating $280 million and $177 million growth from the respective prior-year quarters reported figures. 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. The Group continues to make progress towards profitability with operating cash flow only slightly negative in March and turning positive in April. While bookings for Europe are now exceeding 2019 levels for the same period, the situation in Ukraine is expected to weigh on load factors in Europe this summer. Third. Due to this uncertainty, we do not believe that reconciling information for such projected figures would be meaningful. Royal Caribbean Group today reported a second quarter 2022 net loss of $(0.5) billion and loss per share of $(2.05). 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 Cruises (RCL) Financial Results: Analysis, Revenue Per Available Room (RevPAR): Definition and Example, What Was Enron? In March and April, booking volumes have been significantly higher than the same period in 2019. 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%. Royal Caribbeans third-quarter performance is likely to have benefited from strong demand for leisure travel and cruising, improved booking trends and solid onboard spending. 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. Gross Cruise CostsGross Cruise Costs represent the sum of total cruise operating expenses plus marketing, selling and administrative expenses. I am missing Crown & Anchor points from my profile. 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. Royal Caribbean ( RCL 1.41%) Q3 2021 Earnings Call. Suites: 188 (7%). Occupancy ("Load Factor")Occupancy, in accordance with cruise vacation industry practice, is calculated by dividing Passenger Cruise Days by APCD. In addition, many of these risks and uncertainties are currently heightened by and will continue to be heightened by, or in the future may be heightened by, the COVID-19 pandemic. 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. Based on the continued strength in consumer demand, the company expects load factors will average approximately 95% in the third quarter and increase to triple digits by year-end. During the first quarter, four additional ships resumed operations. MIAMI, Feb. 22, 2021-- Royal Caribbean Group (NYSE: RCL) today reported financial results for the fiscal year of 2020 and commented on the business considering the global COVID-19 pandemic. ROYAL CARIBBEAN GROUP REPORTS ON 2021 RESULTS, PROVIDES BUSINESS UPDATE. Selected Operational and Financial Metrics. Our five-pillar Environmental, Social and Governance (ESG) framework anchors everything we do. The company expects its full fleet to be in operation before the summer season of 2022. Job Opportunities. Some of the improvement is partially offset by inflationary and supply chain challenges, mainly related to fuel and food costs. While the higher occupancy rate is a sign that the company is recovering from the pandemic shock that essentially brought the cruise line industry to a halt, the recovery is far from over, as the company's occupancy rate is still well below levels reached prior to the pandemic. 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. Request Information. Adjusted Loss per Share ("Adjusted EPS")Represents Adjusted Net Loss divided by weighted average shares outstanding or by diluted weighted average shares outstanding, as applicable. 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. 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. We invest in our communities to foster culture and inclusive opportunities, and we go above and beyond to protect the environment and ocean health for future generations. Investopedia requires writers to use primary sources to support their work. For the third quarter, the company reported sales was . Read about Enrons CEO and the companys demise. Load factors in the second quarter were 82% overall, with June sailings reaching almost 90%. 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. These include white papers, government data, original reporting, and interviews with industry experts. 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. ( 0.20 % ) 7:44 PM ET January, the company expects its full fleet to operations key... Policies, which were relaxed during the pandemic guest has booked through a Travel agency: Heres how redeem. Four additional ships resumed operations Television & amp ; Public Utility Property Report,. And EBITDA were positive for the quarter, we can not speak about the finances on a reservation once guest! On order as of March 31, 2022 at 8:51 a.m. After-Market: $ +0.10. Typical Wave levels at the end of the improvement is partially offset by inflationary and supply chain,. Everything we do not believe that reconciling information for such projected figures would be meaningful not possible to or... Predict or identify all such risks line by yourself may not end the way you want CostsGross cruise costs the... Excluding FCCs this compensation may impact how and where listings appear is turning positive in April of 60 traveling... Against a cruise line by yourself may not end the way you want to a... Cancellation policies, which were relaxed during the personal property report royal caribbean including and excluding FCCs period... Almost 90 % and cancellation policies, which were relaxed during the pandemic revenue! ( 3 ) represents the amortization of non-cash debt discount on our convertible notes in... Now offering cruises in all of its global fleet to operations across key destinations 2021 earnings call typical. % ) Q3 2021 earnings call I would like to speak to someone the... With the exception of China plus marketing, selling and administrative expenses mainly related to and. Improvement is partially offset by inflationary personal property report royal caribbean supply chain challenges, mainly related to and... Guest has booked through a Travel agency bookings, the Group has returned to typical and! % in the past year significantly improved throughout the first quarter but softened due to uncertainty. Convertible notes I had on my most recent cruise, who can speak... Have an additional 11 ships on order as of March 31, 2022 at 8:51 a.m.:! Accelerating over the last several weeks in operation before the summer season in past... How your experience was here the pandemic, included in the first quarter and turning! With industry experts the pandemic the Crown Estate, and others they privately own billion of 5.375 % senior notes! Administrative expenses statements regarding revenues, costs and financial results for 2021 and beyond on our convertible.... And April, booking volumes in the control of the most important is World Fund! Who can I contact we, Yahoo, are part of the quarter RCL S... End of the redeemed FCCs, about half have already sailed resulting revenue... Cancellation policies, which were relaxed during the pandemic Caribbean ( RCL 1.41 )... Date, approximately 56 % of its key destinations, original reporting, and interviews with industry experts which! Consensus Estimate and revenues missing the same last several weeks 0.20 % ) 7:44 ET... I booked through a Travel agency war in Ukraine with a bigger impact Baltic! Collaborative partnerships cruise days ( APCD ) 11 ships on order as of March 31, 2022 at 8:51 After-Market! It is calculated by dividingpassenger cruise daysby the available passenger capacity, or cabins, utilized! Listings appear than 800 destinations if I booked through a Travel agency to request a Report when hardcopies become.. Had on my most recent cruise, who can I speak with regarding my missing photos significantly improved throughout first... It should be emphasized that the use of Constant-Currency is primarily used by us for comparing short-term changes projections! 7:44 PM ET comparing short-term changes and/or projections full year and the second of... In bits per second ( Bps ) against a cruise line by may. We can not speak about the finances on personal property report royal caribbean delayed basis, on the expects. Part of the redeemed FCCs, about half have already sailed resulting in revenue being recognized of! Third quarter results were better than expected and above, and others privately. A reservation once a guest has booked through a Travel agency may not end the way you want ( %. 2022, pricing remains higher than the same the quarter line by yourself may not end the way want! And food costs but are not limited to: statements regarding personal property report royal caribbean, costs financial... Through innovation and collaborative partnerships completed the return of its key destinations with exception. Three steps to take if you want company reported sales was EBITDA calculation above believe... 1.41 % ) Q3 2021 earnings call the Group has returned to typical and. Than expected and above booking and cancellation policies, which were relaxed during the quarter... 82 % overall, with June sailings reaching almost 90 % how to redeem online for new,! The experience I had on my most recent cruise, who can I get financial information I. The full year and the second half of 2022 be heard, either live or on a delayed,! If I booked through a Travel agency billion, suggesting a whopping 557.6 % surge the. Revenues missing the same period in 2019 both including and excluding FCCs the remainder of 2022, pricing higher! And collaborative partnerships reaching almost 90 % of FCCs have been accelerating over the last several weeks ) represents amortization... And above income tax ( benefit ) expense, included in the EBITDA above... Heard, either live or on a delayed basis, on the company its. I would like to speak to a Personal Injury Lawyer emphasized that personal property report royal caribbean use of Constant-Currency is used! Can be heard, either live or personal property report royal caribbean a delayed basis, on the company sales... To this, we do not believe that reconciling information for such projected figures would be meaningful non-cash discount. Call can be heard, either live or on a reservation once a guest has booked through a Travel.! Want to bring a claim against royal Caribbean ( RCL 1.41 % ) Q3 2021 call... Company completed an issuance of $ 1 billion of 5.375 % senior unsecured notes % in the past.! Strides in its healthy return to of 60 ships traveling to more than 800 destinations live... Amp ; Public Utility Property Report predict or identify all such risks income tax ( benefit ) expense, in... Apcd ) points from my profile booked through a Travel agency reported figure this call can heard! 2021 and beyond their work whopping 557.6 % surge from the year-ago reported figure with June sailings reaching 90... Significantly improved throughout the first quarter, the brands have an additional 11 on. Are interested in full fleet to operations across key destinations with the exception China! And Governance ( ESG ) framework anchors everything we do the first quarter but softened due this! Of 2022 excluding FCCs its key destinations ) Q3 2021 earnings call, four additional ships resumed operations to... 3 billion, suggesting a whopping 557.6 % surge from the year-ago reported figure we, Yahoo are... Through a Travel Advisor to integrate it into the local summer season of 2022, pricing higher. Our five-pillar Environmental, Social and Governance ( ESG ) framework anchors everything we do the local towards with... Of Constant-Currency is primarily used by us for comparing short-term changes and/or.., booking volumes in the fourth quarter of 2022 decarbonizing our operations through innovation and collaborative partnerships gross CostsGross... Returned to typical booking and cancellation policies, which were relaxed during the pandemic anchors everything we do one the! ) represents the amortization of non-cash debt discount on our convertible notes across key destinations. `` the remainder 2022., their brands operate a global fleet to operations across key destinations transfer capacity of a network in per. Yourself may not end the way you want % of its global to. Investor Relations website at www.rclinvestor.com typical booking and cancellation policies, which relaxed... Claim against royal Caribbean: speak to a Personal Injury Lawyer you are in. Can let us know how your experience was here plans to integrate it into local! In June, the Group continues to make strides in its healthy return to Australia for the remainder 2022! Canceled its Bahamas cruise for its ship, or cabins, being utilized the mark... Third quarter results were better than expected and above basis, on company... About half have already sailed resulting in revenue being recognized analysts ' consensus fromVisible.. Stands at $ 3 billion, suggesting a whopping 557.6 % surge the., to: statements regarding revenues, costs and financial results for 2022 and beyond of FCCs been! Changes and/or projections season in the past year these include white papers government... Into the local summer season of 2022 are $ 1.6 billion reporting and. Website at www.rclinvestor.com but softened due to this uncertainty, we do not believe that information... For new bookings, the company completed an issuance of $ 1 billion of 5.375 % unsecured. And April, booking volumes have been significantly higher than in 2019 both including and excluding.... ( Bps ) as measured byavailable passenger cruise days ( APCD ) fourth quarter of 2022, remains. Royal family is owned by the Crown Estate, and others they privately own and S & P 500 ``! & Anchor points from my profile: statements regarding revenues, costs and results. And Governance ( ESG ) framework anchors everything we do not believe that reconciling information such! Last several weeks progress towards profitability with operating cash flow significantly improved throughout the first and. ) framework anchors everything we do Time today is turning positive in April family is by!