Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. Operating cash flow significantly improved throughout the first quarter and approached breakeven in March. Royal Caribbean Group (NYSE: RCL) today reported first quarter 2022 operating loss of $(1.2) billion and loss per share of $(4.58). In January, the company completed an issuance of $1 billion of 5.375% senior unsecured notes. Who do I contact? However, some refunds may take up to 30 days to post. Shares of RCI Hospitality have improved 21% in the past year. If you cant locate that link or the link has expired, you can let us know how your experience was here. 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. For inquiries about purchases made while you were in port, please contact Royal Media Partners online or by phone at (305) 673-9500 or 1-855-769-2567. Statement of "Qualified Personal Property" by a "Qualified Business". Booking volumes received in the second quarter for the back half of 2022 sailings remained significantly higher than booking volumes received in the second quarter of 2019 for the back half of 2019. 3589 (2022) 2022 Cable Television & Public Utility Property Report. 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. ROYAL CARIBBEAN CRUISES LTD's latest 10-Q financial filing, filed on 2022-11-03. . Guests are still booking their cruises closer-in compared to prior years, contributing to the better-than-expected load factors in the second quarter. ESG at Royal Caribbean Group. Capital expenditures for the remainder of 2022 are expected to be approximately $0.5 billion, excluding the acquisition of Silver Endeavour. By the end of the first quarter of 2022, the Group had returned 54 out of 62 ships to operations across its five brands, representing close to 90% of worldwide fleet capacity. 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 . "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. 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. I would like to speak to someone regarding the experience I had on my most recent cruise, who can I contact. Who can I speak with regarding a purchase I made in a port of call? "Much of what the Royal Caribbean Group has achieved has involved collaborators and partners. Across all markets, bookings in the first quarter of 2022 were higher than in the fourth quarter of 2021, and throughout the first quarter, bookings improved each week. Photo packages can be purchasedpre-cruise with a discount, or onboard. Slectionnez Grer les paramtres pour grer vos prfrences. Enron was a U.S. energy company that perpetrated one of the biggest accounting frauds in history. Countryside, coastal or cityscape: how to value a view? MIAMI, July 28, 2022 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) today reported second quarter 2022 net loss of $(0.5) billion and loss per share of $(2.05). For additional information see "Adjusted Measures of Financial Performance" below. Royal Caribbean Group (NYSE: RCL) today reported second quarter 2022 net loss of $(0.5) billion and loss per share of $(2.05). Operating cash flow significantly improved throughout the first quarter and is turning positive in April. Personal Finance Credit Cards. We connect people to the wonders of the world and help them create unforgettable memories. Although such changes in local currency prices are just one of many elements impacting our revenues and expenses, it can be an important element. In instances where Onboard Credits are issued due to an itinerary change or service recovery, the credit may be issued in the value of either a dollar amount or for a value equal to a specific number of days. The Group is now offering cruises in all of its key destinations with the exception of China. MOST RECENT 2021 Annual Report and Form 10K. Due to significant uncertainty, we are unable to predict, without unreasonable effort, the future movement of foreign exchange rates, fuel prices and interest rates inclusive of our related hedging programs. Adjusted measures have limitations in that they do not reflect all of the amounts associated with our results of operations as do the corresponding US GAAP measures. The best way . Calls went unanswered, emails not returned. For the periods presented, these items included (i) impairment and credit losses (recoveries); (ii) restructuring charges and other initiative expenses; (iii) the amortization of the Silversea Cruises intangible assets resulting from the Silversea Cruises acquisition in 2018; (iv) the amortization of non-cash debt discount on our convertible notes; (v) the estimated cash refunds expected to be paid to Pullmantur guests as part of the Pullmantur S.A. reorganization in 2020; (vi) loss on the extinguishment of debt; (vii) equity investment asset impairments; (viii) net insurance recoveries related to the collapse of the drydock structure at the Grand Bahama Shipyard involving Oasis of the Seas; and (ix) the net gain recognized in the first quarter of 2021 in relation to the sale of the Azamara brand. 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. 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. Who can I speak with regarding my missing photos? These measures may be different from adjusted measures used by other companies. Australia, one of the last remaining countries to re-open, announced the resumption of cruising effective April 2022. Who can I speak with regarding my art purchase? Third quarter results were better than expected and above . The Group expects to return the full fleet to operations before the summer season of 2022. We are committed to decarbonizing our operations through innovation and collaborative partnerships. Royal Caribbean Group today reported a second quarter 2022 net loss of $(0.5) billion and loss per share of $(2.05). 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. Increased penetration of pre-cruise purchases is likely to have driven RCLs onboard revenue performance in the to-be-reported quarter.However, China, which is closed to international travelers, is likely to have hurt its performance. Who can I speak with regarding a purchase I made in a port of call? 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. To read this article on Zacks.com click here. 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. 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). 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. Royal Caribbean's next earnings report (for Q2 FY 2022) is expected to be released on Aug. 3, 2022. The Group continues to make strides in its healthy return to . The . Travel Norwegian Cruise Line Beats Earnings Estimates and Signals Record 2023. 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. October 27, 2022 2:00 pm. Royal Caribbean Group RCL is scheduled to report its third-quarter 2022 results on Nov 3, before the opening bell. 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 . Report. The purchase price for the vessel was $275 million, significantly below its estimated original cost. Balcony cabins: 1,796 (65%). Together, the brands have an additional 11 ships on order as of March 31, 2022. ET. Based on current currency exchange rates, fuel rates and interest rates, the Group expects Adjusted Earnings Per Share for the third quarter of $0.05 - $0.25. Adjusted Net LossAdjusted Net Loss represents net loss excluding certain items that we believe adjusting for is meaningful when assessing our performance on a comparative basis. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Words such as "anticipate," "believe," "could," "driving," "estimate," "expect," "goal," "intend," "may," "plan," "project," "seek," "should," "will," "would," "considering", and similar expressions are intended to help identify forward-looking statements. (9)Primarily represents asset impairments in 2021 and a credit loss recovery for a note receivable in which credit losses were previously recorded in 2022. 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. Image downloads are available for guests who purchased photo packages or photos that included digital files. 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. 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. It added that booking volumes in March and April have been significantly higher than the same period in 2019, before the pandemic. These figures . Royal Caribbean Group (NYSE: RCL) today reported third quarter 2022 Earnings per Share of $0.13 and Adjusted Earnings per Share of $0.26. 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. Second quarter load factors were 82%. Today, you can download 7 Best Stocks for the Next 30 Days. Second quarter results exceeded the company's expectations driven by better revenue and cost performance. 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). Feb 22, 2021, 08:07 ET. 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. NCC, excluding fuel, per APCD is expected to significantly improve in the second half of the year compared to the first half of 2022 and be higher for the second half of 2022 by mid-single digits compared to the second half of 2019 all on a constant currency basis. We would love to hear your feedback. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Want the latest recommendations from Zacks Investment Research? While load factors for sailings in the second half of 2022 are currently slightly below historical levels, consumers are booking their cruises closer to sailing and the Group is capitalizing on that healthy close-in demand to improve load factors. Ocean-view cabins: 176 (6%). "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. The Group expects to return to Australia for the local summer season in the fourth quarter of 2022. 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. These measures may be different from adjusted measures used by other companies. 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. (5) Represents equity investment asset impairments for TUI Cruises GmbH in 2021 as a result of the impact of COVID-19. 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. October 27, 2022 12:36 pm. The third quarter is expected to be higher. "Price Chart: RCL and S&P 500.". Customer service contacts and company information. We, Yahoo, are part of the Yahoo family of brands. I purchased photos before or during my cruise, but I havent received my photo link. Earnings for Royal Caribbean Cruises are expected to grow in the coming year, from ($7.72) to $2.95 per share. 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. Net interest expense for the second quarter of 2022 is expected to be in the range of $300-$310 million. Approximately 60% of the FCC balance accumulated since the start of the pandemic has been redeemed. 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. In addition, these adjusted measures are not based on any comprehensive set of accounting rules or principles. Pour en savoir plus sur notre utilisation de vos informations, veuillez consulter notre Politique relative la vie prive et notre Politique en matire de cookies. Request Information. We believe that this non-GAAP measure is meaningful when assessing our operating performance on a comparative basis. The ship has been renamed Silver Endeavour and joined the Silversea fleet on July 21. The unemployment rate is the percentage of the total labor force that is unemployed but actively seeking employment and willing to work. You can learn more about the standards we follow in producing accurate, unbiased content in our. Read about Enrons CEO and the companys demise. 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. 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. It is not possible to predict or identify all such risks. Revenue per available room (RevPAR) is calculated by multiplying a hotel's average daily room rate by its occupancy rate. ROYAL CARIBBEAN CRUISES LTD. 1050 Caribbean Way Miami, Florida 33132 : . 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. 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. 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. Royal Caribbean Cruises Ltd. RCL reported mixed first-quarter 2022 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. "Since the beginning of March, booking volumes have exceeded the record levels achieved in 2019 and we are optimistic that 2022 will be a strong transitional year as we return to full operations and profitability in the second half of the year.". 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 Osceola County Sheriff's Office has been a CFA-accredited law enforcement agency since 1999.. kickass proxy unblock. Royal Caribbean's Requirements. A percentage in excess of 100% indicates that three or more passengers occupied some cabins. 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. Looking for a particular position? It is calculated by dividingpassenger cruise daysby the available passenger capacity, as measured byavailable passenger cruise days(APCD). 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. That represents about 90% of its global fleet capacity. Click Manage settings for more information and to manage your choices. 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. These include white papers, government data, original reporting, and interviews with industry experts. All personal injury cases are complex, but those involving cruise lines and maritime laws can involve even more intricate laws and statutes. 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. (12/26/2018) Royal Caribbean Cruises has recently been ranked #248 on the 2018 Management 250 list by Drucker Institute, which measures the corporate effectiveness of publicly-traded US companies who have a stock-market capitalization of $10 billion or revenue of at least $3 billion. 3 min read. Portfolio has property at its heart, and wed like you to be part of it. Depreciation and amortization expenses for the second quarter of 2022 are expected to be in the range of $350-$355 million. To date, approximately 56% of FCCs have been redeemed. We had two adjoining rooms in December - Reservation #5591722 and #5594756 and a cruise in April - Reservation #6384967. . Based on current fuel rates, the company expects approximately $319 million of fuel expense in the third quarter 2022, at an average pricing of $794 per metric ton, net of hedging. . MIAMI, Nov. 3, 2022 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) today reported third quarter 2022 Earnings per Share of $0.13 and Adjusted E. 3 Analysts expect the company to . Royal Caribbean Cruises Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. 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. China remains closed to cruising due to the ongoing lockdowns. 2021 Seastainability Report | Download PDF. Due to this uncertainty, we do not believe that reconciling information for such projected figures would be meaningful. The Group expects a Net Loss in the second half of 2022 due to increases in fuel rates, interest rates and foreign exchange rates. Occupancy ("Load Factor")Occupancy, in accordance with cruise vacation industry practice, is calculated by dividing Passenger Cruise Days by APCD. 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. Represents estimated cash refunds expected to be paid to Pullmantur guests as part of the Pullmantur S.A. reorganization. For new bookings, the Group has returned to typical booking and cancellation policies, which were relaxed during the pandemic. ET by Tomi Kilgore. 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. Total revenues per passenger cruise day were at record levels and up 4% as reported and 5% in constant currency versus the second quarter of 2019. 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%. October 28, 2022 1:26 pm. Approximately 20% of the customer deposit balance as of the end of the second quarter is related to FCCs. 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. Nov. 14, 2022 at 8:51 a.m. Here are three steps to take if you want to bring a claim against Royal Caribbean: Speak to a Personal Injury Lawyer. View detailed RCL description & address. Royal Caribbean canceled its Bahamas cruise for its ship . In addition, cancellation activity has now returned to pre-COVID levels. Royal Caribbean stock price target raised to $76 from $56 at UBS. 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. As of June 30, 2022, the Group's customer deposit balance was $4.2 billion, a record high for the company. Who can I speak to? Those challenges are mainly related to fuel and food costs as well as certain transitory costs related to health and safety protocols. Championing Communities and the Environment. 3589 (2023) 2023 Cable Television & Public Utility Property Report. The Company also reported Adjusted Net Loss of $(1.2) billion or $(4.57) per share for the first quarter of 2022 compared to Adjusted Net Loss of $(1.1) billion or $(4.44) per share in the prior year. We believe that this non-GAAP measure is meaningful when assessing our performance on a comparative basis. 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. This call can be heard, either live or on a delayed basis, on the Company's Investor Relations website at www.rclinvestor.com. Cash flow from ships in operation was positive in the first quarter. 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. 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. 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. Request for Exemption of Personal Property Stored in a Public Warehouse. 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. 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). Passenger Cruise DaysPassenger Cruise Days represent the number of passengers carried for the period multiplied by the number of days of their respective cruises. During the second quarter, the Group generated operating cash flow of approximately $0.5 billion. 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. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com. "Our liquidity position remains strong as we execute on our return to service, and our operations generate positive cash flow again," said Naftali Holtz, chief financial officer, Royal Caribbean Group. Together, the brands have an additional 11 ships on order as of March 31, 2022. Adjusted (Loss) Earnings per Share ("Adjusted EPS")Represents Adjusted Net (Loss) Income divided by weighted average shares outstanding or by diluted weighted average shares outstanding, as applicable. Bunker pricing, net of hedging, for the second quarter was $721 per metric ton and consumption was 382,000 metric tons. The occupancy rate is a measure of the amount of available passenger capacity, or cabins, being utilized. As a result, all quarters are currently booked within historical ranges at record pricing. "2021 marked the beginning of our return to our mission of delivering the very best vacation experiences," said . The Group expects to operate approximately 11.6 million APCDs for the third quarter and 11.5 million APCDs for the fourth quarter. 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. Guests may notice pending charges or authorizations on their credit card. In addition, these adjusted measures are not based on any comprehensive set of accounting rules or principles. 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. Gross Cruise Costs per APCD improved 2.4% as reported and 1.9% in constant currency, compared to the first quarter 2022. A quarter is a three-month period on a company's financial calendar that acts as a basis for the reporting of earnings and the paying of dividends. Definition. I think we get over a million different attacks a day. Words such as "anticipate," "believe," "could," "driving," "estimate," "expect," "goal," "intend," "may," "plan," "project," "seek," "should," "will," "would," "considering," and similar expressions are intended to help identify forward-looking statements. 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. Caribbean property agents Our International Residential team's unrivalled knowledge and expertise makes us perfectly suited for all your property needs. It is not possible to predict or identify all such risks. That's why we've assembled a wealth of information to assist you in. 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. However, Royal Caribbean is facing a number of inflationary and supply chain challenges that are likely to weigh on earnings this year. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com. (6)Represents net insurance recoveries related to the collapse of the drydock structure at the Grand Bahama Shipyard involving Oasis of the Seas. A percentage in excess of 100% indicates that three or more passengers occupied some cabins. In the second quarter, approximately 90% of total bookings were new versus FCC redemptions. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Gross Cruise CostsGross Cruise Costs represent the sum of total cruise operating expenses plus marketing, selling and administrative expenses. Career Designer. Some of the improvement is partially offset by inflationary and supply chain challenges, mainly related to fuel and food costs. RCL Occupancy Rate. Royal Caribbean Cruises Ltd. "Royal Caribbean Group Reports First Quarter 2022 Results and Provides a Business Update. ROYAL CARIBBEAN GROUP PARTNERS WITH TEXAS ARTISTS FOR NEW PORT OF GALVESTON TERMINAL. The occupancy rate, which the company refers to simply as "occupancy," is a key metric gauging the amount of available passenger capacity being utilized. 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. Bandwidth is the data transfer capacity of a network in bits per second (Bps). This means that we're transitioning to the point where everyone will be able to vacation with us while always working with our destination partners to meet their regulations. We continue to see a robust and accelerating demand environment for cruising and on-board spend. March load factors were 68%. 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. Booking volumes in the first quarter improved consistently week-over-week and reached typical Wave levels at the end of the quarter. Royal Caribbean Group RCL is scheduled to report its third-quarter 2022 results on Nov 3, before the opening bell. Royal Caribbean International doesnt control how long the refund process takes; After your sailing we send a link to your email address on file. MIAMI, Feb. 22, 2021 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) today reported financial results for the fiscal year of 2020 and commented on . How are Onboard Credits & Future Cruise Credits Calculated? Royal Caribbean International (RCI) Royal Caribbean International is a global cruise brand with 21 ships presently in service and one under construction (Mintel, 2010). "Our near-term focus is to return to full operations and profitability as we execute on our recovery and build for long term success.". Restructuring charges and other initiatives expense included within marketing, selling and administrative expenses. EBITDAEBITDA represents Net (Loss) Income excluding (i) interest income; (ii) interest expense, net of interest capitalized; (iii) depreciation and amortization expenses; and (iv) income tax benefit or expense. 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, Trade and other receivables, net of allowances of $6,099 and $13,411 at March 31, 2022 and December 31, 2021, respectively, Other assets, net of allowances of $86,594 and $86,781 at March 31, 2022 and December 31, 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; 282,973,716 and 282,703,246 shares issued, March 31, 2022 and December 31, 2021, respectively), Treasury stock (28,018,385 and 27,882,987 common shares at cost, March 31, 2022 and December 31, 2021, respectively), Total liabilities and shareholders' equity, Loss on derivative instruments not designated as hedges, Amortization of debt discounts and premiums. While the Group remains optimistic to capture long-term growth opportunities in that market, ships planned for China have been temporarily redeployed to other markets. Royal Caribbean Group consumer reviews, complaints, customer service. The Zacks Consensus Estimate for the company's third-quarter bottom line is pegged at 23 cents per share. How can I file a claim if my luggage was damaged? Royal Caribbean Group is also a 50% owner of a joint venture that includes TUI Cruises and Hapag-Lloyd Cruises. We can assist you in every other area but if you wish to g Any luggage claims can be made by contacting us atroyalguestrelations@rccl.com. The Group is managing through inflationary and supply chain challenges, mainly related to fuel and food costs, as well as transitory costs related to health and safety protocols, which are expected to weigh on 2022 earnings. Despite securing photos, video, and witness testimony, Royal Caribbean has made zero effort to provide any compensation. . We believe that this non-GAAP measure is meaningful when assessing our performance on a comparative basis. We have not provided a quantitative reconciliation of the projected non-GAAP financial measures to the most comparable GAAP financial measures because preparation of meaningful U.S. GAAP projections would require unreasonable effort. from 8 AM - 9 PM ET. The company's operating cash flow, while slightly negative in March, turned positive in April, an important step in returning to profitability. The Group also expects cash flow from ships in operation to be positive in the second quarter. These items are uncertain and could be material to our results of operations in accordance with U.S. GAAP. "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. The consensus mark for revenues stands at $3 billion, suggesting a whopping 557.6% surge from the year-ago reported figure. Together, the brands have an additional 10 ships on order as of June 30, 2022. As used in this Quarterly Report on Form 10-Q, the terms "Royal Caribbean," "Royal Caribbean Group," the "Company," "we," "our" and . It's probably happening to everybody in my opinion. 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. Bookings have now been surpassing comparable 2019 levels for the last two months with particularly strong trends for North America based itineraries. Investopedia requires writers to use primary sources to support their work. Who can I speak with regarding my spa purchase? Credit Card FAQs We believe that as a valued RBC Royal Bank customer, you deserve to be well-informed about your credit card. Royal Caribbean Group does not currently have any hardcopy reports on AnnualReports.com. In addition, the elevated cancellations experienced earlier in the year returned to pre-Omicron levels as cases subsided in February. 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. You can download 7 Best Stocks for the period multiplied by the of. By its occupancy rate is a measure of the biggest accounting frauds in history demand environment cruising. That this non-GAAP measure is meaningful when assessing our performance on a comparative basis capacity of a in... Healthy return to Australia for the company 's Investor Relations website at www.rclinvestor.com for royal Caribbean its. How can I file a claim if my luggage was damaged since 1999.. kickass proxy unblock all. 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