Cruising remains a very attractive value proposition for vacationers, and today we have an opportunity to further close the value gap to other land-based vacation offerings," added Liberty. UPDATE 1-Chesapeake Energy to offload part of south Texas operations for $1.4 bln, CANADA FX DEBT-C$ posts biggest decline in one month as 'hard-landing' risk weighs, Marketmind: Finally, bad news is bad news, Netflix earnings due out Thursday, 'Avatar' sequel becomes sixth-biggest film of all time, MORNING BID-Finally, bad news is bad news. "We reached two important milestones in our recovery this quarter returning our entire global fleet back to operations and delivering positive operating cash flow and EBITDA," said Jason Liberty, president and chief executive officer of Royal Caribbean Group. In addition, these adjusted measures are not based on any comprehensive set of accounting rules or principles. 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. Silver Endeavour is scheduled to begin service winter 2022, spending its inaugural season in Antarctica starting November 2022. In March and April, booking volumes have been significantly higher than the same period in 2019. Ships that operated the Group's core itineraries in the first quarter achieved a load factor of 59%. "Price Chart: RCL and S&P 500.". Source: Predictions based on analysts' consensus fromVisible Alpha. We also reference original research from other reputable publishers where appropriate. 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. 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 Groups' cruise operating expenses per Available Passenger Cruise Days (APCD) improved in the first quarter 2022 from the fourth quarter 2021 despite inflationary pressures and elevated health protocol costs. Personal finance may involve paying for education . Pre-cruise onboard purchases continue to exceed prior years at higher prices, indicating quality and healthy future demand. In most cases, refunds will post to the original form of payment about 7 to 10 days after theyre fully processed. One of the most important is World Wildlife Fund. Those challenges are mainly related to fuel and food costs as well as certain transitory costs related to health and safety protocols. CROXs earnings surpassed the consensus mark in all the trailing four quarters, the average surprise being 21.9%. 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. ". skindoc336. Revenue per available room (RevPAR) is calculated by multiplying a hotel's average daily room rate by its occupancy rate. I have 3 cruises cancelled due to COVID. ", TradingView. EBITDA and Adjusted EBITDA were calculated as follows (in thousands): Impairment and credit losses (recoveries) (9). With more than 100 years of dedicated service to the Caribbean, RBC has a presence in 10 countries across the Caribbean, serving nearly one million clients. As of June 30, 2022, the Group's customer deposit balance was $4.2 billion, a record high for the company. Consumption is 55% hedged via swaps for the remainder of 2022 and 25% hedged for 2023. The best way . The Company has scheduled a conference call at 10:00 a.m. Eastern Time today. Royal Caribbean Cruises Ltd. RCL reported mixed first-quarter 2022 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Looking for a particular position? 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. Portfolio has property at its heart, and wed like you to be part of it. 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. 8/3/2022. Company profile for Royal Caribbean Group including key executives, insider trading, ownership, revenue and average growth rates. The second half of the year is booked slightly below historical ranges but at higher prices than 2019, with and without future cruise credits (FCCs). View detailed RCL description & address. Royal Caribbean Group First Cruise Company in US to Sail Using Renewable Diesel Fuel. Where can I get financial information if I booked through a Travel Advisor? 3 min read. En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. 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. OccupancyOccupancy, in accordance with cruise vacation industry practice, is calculated by dividing Passenger Cruise Days by APCD. The ship has been renamed Silver Endeavour and joined the Silversea fleet on July 21. The Company reported Net Loss for the first quarter of 2022 of $(1.2) billion or $(4.58) per share compared to Net Loss of $(1.1) billion or $(4.66) per share in the prior year. ET by Tomi Kilgore. That's why we've assembled a wealth of information to assist you in. 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. Because our reporting currency is the U.S. Dollar, the value of these revenues and expenses in U.S. Dollar will be affected by changes in currency exchange rates. However, it marks a slight deterioration from the previous quarter's rate of 59.3%. 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 expects to operate approximately 11.6 million APCDs for the third quarter and 11.5 million APCDs for the fourth quarter. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. Whether you are looking to buy a poolside villa or sell a holiday apartment in a purpose-built development, our London office provides a comprehensive, quality service to ensure all . All personal injury cases are complex, but those involving cruise lines and maritime laws can involve even more intricate laws and statutes. /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) today reported third quarter 2022 Earnings per Share of $0.13 and Adjusted Earnings per Share of $0.26. For the third quarter of 2022 and based on current currency exchange rates, fuel rates and interest rates, the company expects to generate approximately. Net interest expense for the third quarter of 2022, based on current interest rates, is expected to be in the range of $310 million - $320 million. For the second half of 2022, net cruise costs, excluding fuel per APCD, are likely to be higher by mid-single digits compared with 2019. Annualized Return. 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%. Real time Royal Caribbean Cruises (RCL) stock price quote, stock graph, news & analysis. The Group expects a Net Loss in the second half of 2022 due to increases in fuel rates, interest rates and foreign exchange rates. Ripoff Report on: Royal Caribbean - Royal caribbean cruise ships a total rip off 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. We believe that this non-GAAP measure is meaningful when assessing our operating performance on a comparative basis. All shipboard photo products and services can be purchased onboard at the Focus Photo Gallery. The port will include shops, a large pool, and restaurants. Royal Caribbean Cruises Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. Shares of RCI Hospitality have improved 21% in the past year. Guests may notice pending charges or authorizations on their credit card. Royal Caribbean Group consumer reviews, complaints, customer service. In measuring our ability to control costs in a manner that positively impacts net income, we believe changes in Net Cruise Costs and Net Cruise Costs excluding Fuel to be the most relevant indicators of our performance. Royal Caribbean Group RCL is scheduled to report its third-quarter 2022 results on Nov 3, before the opening bell. Personal Finance Credit Cards. Royal Caribbean Cruises (RCL) Financial Results: Analysis, Revenue Per Available Room (RevPAR): Definition and Example, What Was Enron? In February, the company entered into a $3.15 billion backstop facility, which provides flexibility in refinancing debt maturities due in June 2023. 2021Seastainability Report | Download PDF. The occupancy rate is a measure of the amount of available passenger capacity, or cabins, being utilized. "Consumers' propensity to travel and cruise remains strong. We connect people to the wonders of the world and help them create unforgettable memories. 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. Certain 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. Restructuring charges and other initiatives expense included within marketing, selling and administrative expenses. 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. "Our near-term focus is to return to full operations and profitability as we execute on our recovery and build for long term success.". Approximately 60% of the FCC balance accumulated since the start of the pandemic has been redeemed. For additional information see "Adjusted Measures of Financial Performance" below. ROYAL CARIBBEAN CRUISES LTD's latest 10-Q financial filing, filed on 2022-11-03. . 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. The improvement in costs from earlier in the year is expected to be driven by lower expenses related to returning ships and crew to operations, easing health protocols, and accelerating benefit from actions taken to improve margin. MIAMI, May 5, 2022 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) today reported first quarter 2022 net loss of $(1.2) billion and loss per share of $(4.58).The Group continues to make strides . Royal Caribbean expects its full fleet of ships to be operational by the start of the 2022 summer season. For inquiries on art youve purchased onboard our ships, please contact Park West at (800) 521-9654. These statements include, but are not limited, to: statements regarding revenues, costs and financial results for 2022 and beyond. We had two adjoining rooms in December - Reservation #5591722 and #5594756 and a cruise in April - Reservation #6384967. . A clear case of assault and battery per Canada and Seattle codes. Only 12% of the cabins on Royal Caribbean's oldest vessel, the 1996-built Grandeur of the Seas, are balcony cabins. 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. 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