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. Based on current currency exchange rates and fuel rates, the company expects Adjusted EBITDA of $700 million - $750 million in the third quarter. Crown & Anchor points take about two weeks from the end of your sailing to post to your account. This report discusses the executive compensation determinations made by the . Together, the brands have an additional 11 ships on order as of March 31, 2022. Royal Caribbean Group. Examples of these risks, uncertainties and other factors include, but are not limited to, the following: the impact of the global incidence and continued spread of COVID-19, which has had and will continue to have a material adverse impact on our business, liquidity and results of operations, or other contagious illnesses on economic conditions and the travel industry in general and the financial position and operating results of our Company in particular, such as: governmental and self-imposed travel restrictions and guest cancellations; our ability to obtain sufficient financing, capital or revenues to satisfy liquidity needs, capital expenditures, debt repayments and other financing needs; the effectiveness of the actions we have taken to improve and address our liquidity needs; the impact of the economic and geopolitical environment on key aspects of our business including the conflict between Ukraine and Russia, such as the demand for cruises, passenger spending, and operating costs; incidents or adverse publicity concerning our ships, port facilities, land destinations and/or passengers or the cruise vacation industry in general; concerns over safety, health and security of guests and crew; our COVID-19 protocols and any other health protocols we may develop in response to infectious diseases may be costly and less effective than we expect in reducing the risk of infection and spread of such disease on our cruise ships; further impairments of our goodwill, long-lived assets, equity investments and notes receivable; an inability to source our crew or our provisions and supplies from certain places; an increase in concern about the risk of illness on our ships or when travelling to or from our ships, all of which reduces demand; unavailability of ports of call; growing anti-tourism sentiments and environmental concerns; changes in U.S. foreign travel policy; the uncertainties of conducting business internationally and expanding into new markets and new ventures; our ability to recruit, develop and retain high quality personnel; changes in operating and financing costs; our indebtedness, any additional indebtedness we may incur and restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the impact of foreign currency exchange rates, the impact of higher interest rate and fuel prices; the settlement of conversions of our convertible notes, if any, in shares of our common stock or a combination of cash and shares of our common stock, which may result in substantial dilution for our existing shareholders; our expectation that we will not declare or pay dividends on our common stock for the near future; vacation industry competition and changes in industry capacity and overcapacity; the risks and costs related to cyber security attacks, data breaches, protecting our systems and maintaining integrity and security of our business information, as well as personal data of our guests, employees and others; the impact of new or changing legislation and regulations or governmental orders on our business; pending or threatened litigation, investigations and enforcement actions; the effects of weather, natural disasters and seasonality on our business; the impact of issues at shipyards, including ship delivery delays, ship cancellations or ship construction cost increases; shipyard unavailability; the unavailability or cost of air service; and uncertainties of a foreign legal system as we are not incorporated in the United States. 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. The occupancy rate is a measure of the amount of available passenger capacity, or cabins, being utilized. . You can see the complete list of todays Zacks #1 Rank stocks here. China remains closed to cruising due to the ongoing lockdowns. 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. "2021 marked the beginning of our return to our mission of delivering the very best vacation experiences," said . In July, the Group acquired an ultra-luxury expedition cruise ship that was originally delivered in 2021. 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). 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. "The performance of our core business continues to strengthen, fueled by strong demand and excellent operational execution," said Naftali Holtz, chief financial officer at Royal Caribbean Group. The company's shares fell more than 1% in pre-market trading. 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, we are unable to determine the future impact of non-core business related gains and losses which may result from strategic initiatives. Royal Caribbean said that, despite the impact of the Omicron variant of the coronavirus earlier in the year as well as the war in Ukraine, it was seeing strong demand and a steady acceleration in booking volumes. Each guest who sails onboard will set up an Onboard Account. This compensation may impact how and where listings appear. It added that booking volumes in March and April have been significantly higher than the same period in 2019, before the pandemic. 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. Investopedia does not include all offers available in the marketplace. Pre-cruise onboard purchases continue to exceed prior years at higher prices, indicating quality and healthy future demand. However, it marks a slight . the Committee considers the personal and professional ethics, integrity and values of the candidate and his or her ability to represent the long-term interests of the shareholders. The 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). The . Second quarter results exceeded the company's expectations driven by better revenue and cost performance. Feb 22, 2021, 08:07 ET. 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). 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. The expected capital expenditures for 2022 are $3.0 billion. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. (1)For the quarter and six months ended June 30, 2019, the amount does not include incremental fuel expenses incurred of $0.7 million related to the collapse of the drydock structure at the Grand Bahama Shipyard involving Oasis of the Seas. Cedar Fair, L.P. FUN has an Earnings ESP of +2.38% and a Zacks Rank #3. You can learn more about the standards we follow in producing accurate, unbiased content in our. 3 min read. The company's operating cash flow, while slightly negative in March, turned positive in April, an important step in returning to profitability. ROYAL CARIBBEAN GROUP REPORTS ON 2021 RESULTS, PROVIDES BUSINESS UPDATE. Occupancy ("Load Factor")Occupancy, in accordance with cruise vacation industry practice, is calculated by dividing Passenger Cruise Days by APCD. This represents an increase of about $600 million over the previous quarter despite the significant quarter-over-quarter increase in revenue recognition. 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. 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. The port will include shops, a large pool, and restaurants. "Despite the impact of Omicron earlier in the year and the horrific conflict in Ukraine, we are encouraged by the strong demand for cruising and the steady acceleration in booking volumes," Liberty added. The unemployment rate is the percentage of the total labor force that is unemployed but actively seeking employment and willing to work. That represents about 90% of its global fleet capacity. If purchased pre-cruiseor onboard, photo selections must be made onboard at the Focus Photo Gallery. This feature will help you take charge of your RCL career by outlining your potential options. Ripoff Report on: Royal Caribbean - Royal caribbean cruise ships a total rip off Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. For the third quarter, the company reported sales was . 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. . These statements include, but are not limited to: statements regarding revenues, costs and financial results for 2021 and beyond. A percentage in excess of 100% indicates that three or more passengers occupied some cabins. 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. Real time Royal Caribbean Cruises (RCL) stock price quote, stock graph, news & analysis. Zacks Investment Research, Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report, Crocs, Inc. (CROX) : Free Stock Analysis Report, Cedar Fair, L.P. (FUN) : Free Stock Analysis Report, RCI Hospitality Holdings, Inc. (RICK) : Free Stock Analysis Report. "Last week, the CDC ended its COVID-19 Program for Cruise Ships. 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. 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. 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. How can I file a claim if my luggage was damaged? 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 expects a return to net profit for the second half of 2022. In most cases, refunds will post to the original form of payment about 7 to 10 days after theyre fully processed. Bunker pricing, net of hedging, for the second quarter was $721 per metric ton and consumption was 382,000 metric tons. 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. Best Credit Cards Best Cash Back Cards Booking volumes received in the second quarter for 2022 sailings averaged 30% above 2019 booking volumes for 2019 sailings in the corresponding period in the second quarter with even greater strength in July. 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. 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. Our proven model does not conclusively predict an earnings beat for Royal Caribbean this time around. Second quarter load factors were 82%. You can change your choices at any time by visiting your privacy controls. After-Market: $49.00 +0.10 (0.20%) 7:44 PM ET. 2014 Corrections Annual Report - Volusia County, Florida. 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. The occupancy rate, which the company refers to simply as "occupancy," is a key metric gauging the amount of available passenger capacity being utilized. 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. It marked the ninth straight quarter of adjusted losses per share. A secure invitation link to view and do For Spa Product and Services inquiries, please contact OneSpaWorld. The Group's fleet size expanded to 63 with the delivery of Wonder of the Seas and Celebrity Beyond in the first quarter and early second quarter, respectively. 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. 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