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. skindoc336. For the third quarter of 2022 and based on current currency exchange rates, fuel rates and interest rates, the company expects to generate approximately. Who can I speak with regarding a purchase I made in a port of call? Click Manage settings for more information and to manage your choices. Royal Caribbean Group does not currently have any hardcopy reports on AnnualReports.com. 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. We would love to hear your feedback. You can learn more about the standards we follow in producing accurate, unbiased content in our. The brand has position at the upper end of the contemporary segment of the cruise vacation industry, although because the high quality can also reach premium segments. 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. The ship has been renamed Silver Endeavour and joined the Silversea fleet on July 21. As of March 31, 2022, the company's customer deposit balance was $3.6 billion. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. MIAMI - July 28, 2022 - Royal Caribbean Group (NYSE: RCL) today reported second quarter 2022 net loss of $(0.5) billion and loss per share of $(2.05). Over the past year, Royal Caribbean's shares have provided atotal returnof -7.4%, below the S&P 500's total return of 3.3%. Any luggage claims can be made by contacting us at royalguestrelations@rccl.com.. Royal Caribbean Group (NYSE: RCL) today reported second quarter 2022 net loss of $(0.5) billion and loss per share of $(2.05). RECORD-BREAKING BOOKINGS FOR A RECORD-BREAKING SHIP: ROYAL CARIBBEAN'S ICON OF THE SEAS SETS . Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. (11)Represents net insurance recoveries related to the collapse of the drydock structure at the Grand Bahama Shipyard involving Oasis of the Seas. (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. View detailed RCL description & address. 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%. 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. I was assaulted in international waters on their cruise ship. After-Market: $49.00 +0.10 (0.20%) 7:44 PM ET. The Group expects a Net Loss in the second half of 2022 due to increases in fuel rates, interest rates and foreign exchange rates. Examples of these risks, uncertainties and other factors include, but are not limited to the following: the impact of the global incidence and spread of COVID-19, which has led to the temporary suspension of our operations and 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: the current and potential additional governmental and self-imposed travel restrictions, the current and potential extension of the suspension of cruises and new additional suspensions, 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; our ability to accurately estimate our monthly cash burn rate during the suspension of our operations; concerns over safety, health and security of guests and crew; any protocols we adopt across our fleet relating to COVID-19, such as those recommended by the Healthy Sail Panel, may be costly and less effective than we expect in reducing the risk of infection and spread of COVID-19 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; the incurrence of COVID-19 and other contagious diseases on our ships and an increase in concern about the risk of illness on our ships or when traveling to or from our ships, all of which reduces demand; unavailability of ports of call; growing anti-tourism sentiments and environmental concerns; changes in US 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, including the significant portion of assets that are collateral under these agreements; the impact of foreign currency exchange rates, interest rate and fuel price fluctuations; 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; emergency ship repairs, including the related lost revenue; 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. (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. 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. It added that booking volumes in March and April have been significantly higher than the same period in 2019, before the pandemic. Crown & Anchor points take about two weeks from the end of your sailing to post to your account. Ships that operated the Group's core itineraries in the first quarter achieved a load factor of 59%. 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. 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. Royal Caribbean Cruises Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. Operating cash flow and EBITDA were positive for the quarter. Second quarter load factors were 82%. 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. (5) Represents equity investment asset impairments for TUI Cruises GmbH in 2021 as a result of the impact of COVID-19. Find out more about how we use your information in our privacy policy and cookie policy. The Zacks Consensus Estimate for the company's third-quarter bottom line is pegged at 23 cents per share. Royal Caribbean Cruises Ltd. "Royal Caribbean Group Reports First Quarter 2022 Results and Provides a Business Update. Career Designer is coming soon! Want the latest recommendations from Zacks Investment Research? As of the date of this release, fuel consumption is 56% hedged via swaps for the remainder of 2022 and 36% hedged for 2023 below market prices. Approximately 27% of the customer deposit balance is related to FCCs compared to 32% in the prior quarter, a positive trend indicating new demand. 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. personal property report royal caribbeanmaritime crewing agency. Royal Caribbean had returned 54 of 62 ships to operations by the end of the first quarter of 2022. Zacks Rank: Zacks Rank. The company posted a bigger adjusted loss per share than expected. 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. Caribbean property agents Our International Residential team's unrivalled knowledge and expertise makes us perfectly suited for all your property needs. Royal Caribbean Cruises LTD. Job Application Wizard. How can I file a claim if my luggage was damaged? Definition. All rights reserved. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. This represents an improvement of about $400 million over the previous quarter despite the significant quarter-over-quarter increase in revenue recognition and near-term cancellations due to the Omicron variant, both of which reduced the customer deposit balance. Royal Caribbean Group is also a 50% owner of a joint venture that includes TUI Cruises and Hapag-Lloyd Cruises. (7) Included within Other income in our consolidated statements of comprehensive loss. RCL Occupancy Rate. Together, the brands have an additional 11 ships on order as of March 31, 2022. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. 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 . The presentation of adjusted financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. In most cases, refunds will post to the original form of payment about 7 to 10 days after theyre fully processed. This call can be heard, either live or on a delayed basis, on the company's Investor Relations website at www.rclinvestor.com. Find it here! 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. . Nous, Yahoo, faisons partie de la famille de marques Yahoo. Image source: The Motley Fool. Depreciation and amortization expenses for the third quarter of 2022 are expected to be approximately $360 million. 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 ( RCL 1.41%) Q3 2021 Earnings Call. The scheduled debt maturities for the remainder of 2022 are $1.6 billion. 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. Who do I contact? We believe that this non-GAAP measure is meaningful when assessing our operating performance on a comparative basis. The Group expects a return to net profit for the second half of 2022. All shipboard photo products and services can be purchased onboard at the Focus Photo Gallery. 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. Slectionnez Grer les paramtres pour grer vos prfrences. First quarter load factor was 57% with month-over-month sequential improvements. 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. 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 . This compares to loss of $5.06 per share a year ago. 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. More information about factors that could affect our operating results is included under the caption "Risk Factors" in our most recent current report on Form 10-Q, as well as our other filings with the SEC, 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. Shares of Crocs have declined 57.2% in the past year. 26.23 K/sq.ft. That represents about 90% of its global fleet capacity. Our proven model does not conclusively predict an earnings beat for Royal Caribbean this time around. These notes are due in 2027 with proceeds to be used to repay principal payments on debt maturing in 2022. Where can I get financial information if I booked through a Travel Advisor? Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a global cruise holding company incorporated in Liberia and based in Miami, Florida, United States.It is the world's second-largest cruise line operator, after Carnival Corporation & plc.As of January 2021, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and . Third quarter results were better than expected and above . . You can change your choices at any time by visiting your privacy controls. It's probably happening to everybody in my opinion. Net interest expense for the second quarter of 2022 is expected to be in the range of $300-$310 million. The Group continues to make strides in its healthy return to operations in a strong demand environment. Best Credit Cards Best Cash Back Cards 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. 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. Some of the improvement is partially offset by inflationary and supply chain challenges, mainly related to fuel and food costs. Passenger Cruise DaysPassenger Cruise Days represent the number of passengers carried for the period multiplied by the number of days of their respective cruises. 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. However, some refunds may take up to 30 days to post. 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. 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. RCL earnings call for the period ending September 30, 2021. 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. Personal Finance Credit Cards. The Group is now offering cruises in all of its key destinations with the exception of China. 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. I purchased photos before or during my cruise, but I havent received my photo link. Third quarter load factors are expected to average approximately 95%, with itineraries in North America (including the Caribbean, Alaska, Bermuda, West Coast, and Canada) averaging about 100%. 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. 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. Gross Cruise CostsGross Cruise Costs represent the sum of total cruise operating expenses plus marketing, selling and administrative expenses. 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. operates as a cruise company worldwide. 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. Who can I speak with regarding a purchase I made in a port of call? I think we get over a million different attacks a day. Royal Caribbean Cruises Ltd. price-eps-surprise | Royal Caribbean Cruises Ltd. Quote. One of the most important is World Wildlife Fund. 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. Load factors increased to almost 90% in June, with Caribbean itineraries averaging over 100%. Approximately 20% of the customer deposit balance as of the end of the second quarter is related to FCCs. 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. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com. Enron was a U.S. energy company that perpetrated one of the biggest accounting frauds in history. Portfolio has property at its heart, and wed like you to be part of it. 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. ESG at Royal Caribbean Group. China remains closed to cruising due to the ongoing lockdowns. CROXs earnings surpassed the consensus mark in all the trailing four quarters, the average surprise being 21.9%. Due to this uncertainty, we do not believe that reconciling information for such projected figures would be meaningful. We believe that this non-GAAP measure is meaningful when assessing our performance on a comparative basis. Were unableto offer sales of any photographic products or services after your cr For inquiries about a product you purchased onboard, please contact Starboard Cruises at(800) 540-4785 or online. Who can I speak with regarding my missing photos? 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 . These statements include, but are not limited, to: statements regarding revenues, costs and financial results for 2022 and beyond. See below to learn how: Heres how to redeem online for new bookings: Find the sailing that you are interested in. It should be emphasized that the use of Constant-Currency is primarily used by us for comparing short-term changes and/or projections. Guests may notice pending charges or authorizations on their credit card. Bookings have now been surpassing comparable 2019 levels for the last two months with particularly strong trends for North America based itineraries. However, Royal Caribbean is facing a number of inflationary and supply chain challenges that are likely to weigh on earnings this year. 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. 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. Despite securing photos, video, and witness testimony, Royal Caribbean has made zero effort to provide any compensation. 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. Based on current currency exchange rates and fuel rates, the company expects Adjusted EBITDA of $700 million - $750 million in the third quarter. For the third quarter, the company reported sales was . A clear case of assault and battery per Canada and Seattle codes. . However, it marks a slight deterioration from the previous quarter's rate of 59.3%. Image downloads are available for guests who purchased photo packages or photos that included digital files. 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. I would like to speak to someone regarding the experience I had on my most recent cruise, who can I contact. Consumption is 55% hedged via swaps for the remainder of 2022 and 25% hedged for 2023. To read this article on Zacks.com click here. Core itineraries exclude sailings during the early ramp-up period of up to four weeks. 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 . Personal finance may involve paying for education . 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. 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. 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.". Shares of Cedar Fair have declined 12.8% in the past year. . "Our liquidity position remains strong, and we are generating positive operating cash flow and EBITDA. Jason Liberty Executive Vice President/CFO Royal Caribbean Cruises "It is happening. The consensus mark for revenues stands at $3 billion, suggesting a whopping 557.6% surge from the year-ago reported figure. Investing.com. These expenditures are mainly driven by new shipbuilding projects that have committed financing. 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). How are Onboard Credits & Future Cruise Credits Calculated? Royal Caribbean Group. Request for Exemption of Personal Property Stored in a Public Warehouse. The Group continues to make progress towards profitability with operating cash flow only slightly negative in March and turning positive in April. Bookings for Europe sailings improved throughout the first quarter but softened due to the war in Ukraine with a bigger impact on Baltic itineraries. The Net Loss and Adjusted Net Loss for the quarter are primarily the result of the impact of the COVID-19 pandemic on the business. 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. The company has scheduled a conference call at 10:00 a.m. Eastern Time today. Royal Caribbean Group today reported a second quarter 2022 net loss of $(0.5) billion and loss per share of $(2.05). We believe that this non-GAAP measure is meaningful when assessing our operating performance on a comparative basis. Third. ROYAL CARIBBEAN CRUISES LTD's latest 10-Q financial filing, filed on 2022-11-03. . Each guest who sails onboard will set up an Onboard Account. Together, their brands operate a global fleet of 60 ships traveling to more than 800 destinations. This 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 U.S. GAAP. Read More. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 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. 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. 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 . Travel Norwegian Cruise Line Beats Earnings Estimates and Signals Record 2023. Net Cruise Costs (NCC), excluding fuel, per APCD improved 16.5% as reported and 16.2% in constant currency, compared to the first quarter of 2022. 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. In the last reported quarter, the company delivered a positive earnings surprise of 6.7%. Royal Caribbean Cruises Ltd. (RCL) reportedQ1 FY 2022 earningsthat missed analyst expectations. Real time Royal Caribbean Cruises (RCL) stock price quote, stock graph, news & analysis. 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. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Nov. 14, 2022 at 8:51 a.m. We do not make predictions about future exchange rates and use current exchange rates for calculations of future periods. Australia, one of the last remaining countries to re-open, announced the resumption of cruising effective April 2022. In addition, we are unable to determine the future impact of non-core business related gains and losses which may result from strategic initiatives. But that's not the case here.Earnings ESP: Royal Caribbean has an Earnings ESP of 0.00%. I have 3 cruises cancelled due to COVID. Some of the property in the control of the Royal Family is owned by the Crown Estate, and others they privately own. Royal Caribbean reported an occupancy rate of 57.4%, falling short of analysts' expectations. 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. Report. Royal Caribbean Group (NYSE: RCL) today reported first quarter 2022 operating loss of $(1.2) billion and loss per share of $(4.58). 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. As used in this Quarterly Report on Form 10-Q, the terms "Royal Caribbean," "Royal Caribbean Group," the "Company," "we," "our" and . Based on this change, we are continuing to adapt our protocols to align more closely with how the rest of society and other travel and leisure businesses are operating. Throughout a sailing, pending authorizations (holds) are issued to cards on file as a way to secure funds for onboard processed transactions. (4)Represents estimated cash refunds expected to be paid to Pullmantur guests as part of the Pullmantur S.A. reorganization. ET by Tomi Kilgore. 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 the strong and close-in nature of bookings, the company expects load factors will continue to improve each quarter and expects fleetwide load factors to exceed 100% by year end. Thank you for your patience! It marked the ninth straight quarter of adjusted losses per share. 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. ROYAL CARIBBEAN CRUISES LTD. 1050 Caribbean Way Miami, Florida 33132 : . For additional information see "Adjusted Measures of Financial Performance" below. 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. Royal Caribbean International doesnt control how long the refund process takes; After your sailing we send a link to your email address on file. Revenue per available room (RevPAR) is calculated by multiplying a hotel's average daily room rate by its occupancy rate. The top line rose year over year . Silver Endeavour is scheduled to begin service winter 2022, spending its inaugural season in Antarctica starting November 2022. 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. The Group also expects cash flow from ships in operation to be positive in the second quarter. Only 12% of the cabins on Royal Caribbean's oldest vessel, the 1996-built Grandeur of the Seas, are balcony cabins. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Selected Operational and Financial Metrics. In July, the Group acquired an ultra-luxury expedition cruise ship that was originally delivered in 2021. View PDF View Form 10K (HTML) Royal Caribbean Group does not currently have any hardcopy reports on AnnualReports.com. We believe that this non-GAAP measure is meaningful when assessing our performance on a comparative basis. Career Designer. Restructuring charges and other initiatives expense included within marketing, selling and administrative expenses. Royal Caribbean Group today reported third quarter 2022 Earnings per Share of $0.13 and Adjusted Earnings per Share of $0.26. RCL Financial Summary. 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. Changes in operating assets and liabilities: Increase in trade and other receivables, net, Increase in prepaid expenses and other assets, Decrease in accrued expenses and other liabilities, Cash received on settlement of derivative financial instruments, Cash paid on settlement of derivative financial instruments, Investments in and loans to unconsolidated affiliates, Cash received on loans to unconsolidated affiliates, Proceeds from the sale of property and equipment and other assets, Net cash provided by financing activities, Effect of exchange rate changes on cash and cash equivalents, Net (decrease) increase in cash and cash equivalents, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Notes receivable issued upon sale of property and equipment and other assets, Purchase of property and equipment included in accounts payable and accrued expenses and other liabilities. 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 (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 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. If purchased pre-cruiseor onboard, photo selections must be made onboard at the Focus Photo Gallery. 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. 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. 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. 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. Ripoff Report on: Royal Caribbean - Royal caribbean cruise ships a total rip off 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. For the 2022 and 2021 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) gain 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 2021 in relation to the sale of the Azamara brand. Other assets, net of allowances of $72,648 and $86,781 at June30, 2022 and December31, Common stock ($0.01 par value; 500,000,000 shares authorized; 283,076,357 and 282,703,246, Treasury stock (28,018,385 and 27,882,987 common shares at cost, June30, 2022 and, Purchase of property and equipment included in accounts payable and accrued, Restructuring charges and other initiatives expense included within, Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. The customer deposit balance at the end of the first quarter of 2022 was similar to the March 31, 2019 balance for the three brands. 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. 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. In addition, these adjusted measures are not based on any comprehensive set of accounting rules or principles. Second quarter results exceeded the company's expectations driven by better revenue and cost performance. Cision Distribution 888-776-0942 Shares of RCI Hospitality have improved 21% in the past year. The second half of 2022 is booked below historical ranges but at higher prices than 2019, with and without future cruise credits (FCCs). EBITDA and Adjusted EBITDA were calculated as follows (in thousands): Impairment and credit losses (recoveries) (9). Photo packages can be purchasedpre-cruise with a discount, or onboard. You can see the complete list of todays Zacks #1 Rank stocks here. 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. (6)Represents net insurance recoveries related to the collapse of the drydock structure at the Grand Bahama Shipyard involving Oasis of the Seas. 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%. Who can I speak to? Approximately 70% of the company's debt is tied to fixed interest rates. 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). Royal Caribbean Group RCL is scheduled to report its third-quarter 2022 results on Nov 3, before the opening bell. That's why we've assembled a wealth of information to assist you in. (8)Excludes income tax (benefit) expense, included in the EBITDA calculation above. Depreciation and amortization expenses for the second quarter of 2022 are expected to be in the range of $350-$355 million. A reconciliation to the most comparable US 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. Gross Cruise Costs per APCD and NCCper APCD for the second quarter included $7.75 per APCD related to enhanced health protocols and one-time costs to return ships and crew back to operations. Purchase of property and equipment included in accounts payable and accrued expenses and other liabilities . For 2023, all quarters are currently booked within historical ranges at record pricing. 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. 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. The Group expects to return to Australia for the local summer season in the fourth quarter of 2022. Applying your credit is easy! For 2023, all quarters are currently booked within historical ranges at record pricing. The best way . These measures may be different from adjusted measures used by other companies. Who can I speak with regarding my spa purchase? MIAMI - February 4, 2022 - Royal Caribbean Group (NYSE: RCL) today reported financial results for the 2021 fiscal year and provided business updates. For this reason, we also monitor our revenues and expenses in "Constant-Currency" - i.e., as if the current period's currency exchange rates had remained constant with the comparable prior period's rates. 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. 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. 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. Booking volumes in the first quarter improved consistently week-over-week and reached typical Wave levels at the end of the quarter. A secure invitation link to view and do For Spa Product and Services inquiries, please contact OneSpaWorld. 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. Load factors in the second quarter were 82% overall, with June sailings reaching almost 90%. How can I redeem my Future Cruise Credit? Second half 2022 sailings are booked at higher prices than 2019, both including and excluding FCCs. ". Royal Caribbean canceled its Bahamas cruise for its ship . 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. Oct 29, 2021, 10:00 a.m. "Much of what the Royal Caribbean Group has achieved has involved collaborators and partners. However, it marks a slight . For new bookings, the Group has returned to typical booking and cancellation policies, which were relaxed during the pandemic. 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. Adjusted measures have limitations in that they do not reflect all of the amounts associated with our results of operations as do the corresponding U.S. GAAP measures. Raising 78 million, the July auction We have a long-lasting partnership with our travel advisors across the globe. Represents net insurance recoveries related to the collapse of the drydock structure at the Grand Bahama Shipyard involving Oasis of the Seas. "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.". Now that the full fleet has returned to service and load factors are nearly 90%, the company expects customer deposits to return to typical seasonality. 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. Royal Caribbean stock price target raised to $76 from $56 at UBS. Investopedia requires writers to use primary sources to support their work. 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. As of March 31, 2022, the company's liquidity position was $3.8 billion, which includes cash and cash equivalents, undrawn revolving credit facility capacity, and a $700 million commitment for a 364-day term loan facility. MIAMI - 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. Starting Aug. 8, testing will be required for unvaccinated guests on all voyages and for vaccinated guests only on voyages that are six nights or longer. October 27, 2022 12:36 pm. Annualized Return. These measures may be different from adjusted measures used by other companies. 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