personal property report royal caribbean

Enron was a U.S. energy company that perpetrated one of the biggest accounting frauds in history. Applying your credit is easy! Where can I get financial information if I booked through a Travel Advisor? In February, the company entered into a $3.15 billion backstop facility, which provides flexibility in refinancing debt maturities due in June 2023. Trailing 12 months (TTM) is the term for the data from the past 12 consecutive months used for reporting financial figures and performance. 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, 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. FUNs earnings surpassed the consensus mark thrice in the trailing four quarters and missed once, the average surprise being 5.3%. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com. 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 . MIAMI, Nov. 3, 2022 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) today reported third quarter 2022 Earnings per Share of $0.13 and Adjusted E. The Group continues to make strides in its healthy return to . 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. The Group is now offering cruises in all of its key destinations with the exception of China. I am missing Crown & Anchor points from my profile. 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. All rights reserved. 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. 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. RCL Financial Summary. 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. Best Credit Cards Best Cash Back Cards We also reference original research from other reputable publishers where appropriate. The second half of 2022 is booked below historical ranges but at higher prices than 2019, with and without future cruise credits (FCCs). 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. While demand for the critical Europe season has been strong over the past three months, the combination of COVID-19 and the Russia-Ukraine war, has set back load factor recovery, particularly for the third quarter of 2022, where European itineraries account for about a third of overall capacity. ROYAL CARIBBEAN CRUISES LTD. 1050 Caribbean Way Miami, Florida 33132 : . 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. 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. Who can I speak with regarding a purchase I made in a port of call? Career Designer. 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. We believe that this non-GAAP measure is meaningful when assessing our performance on a comparative basis. Adjusted Net (Loss) IncomeAdjusted Net (Loss) Income represents Net (Loss) Income excluding certain items that we believe adjusting for is meaningful when assessing our performance on a comparative basis. Represents the amortization of non-cash debt discount on our convertible notes. 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. Slectionnez Grer les paramtres pour grer vos prfrences. Click to get this free reportRoyal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis ReportCrocs, Inc. (CROX) : Free Stock Analysis ReportCedar Fair, L.P. (FUN) : Free Stock Analysis ReportRCI Hospitality Holdings, Inc. (RICK) : Free Stock Analysis ReportTo read this article on Zacks.com click here. The storm already lashed St. Barts, St. Martin and Barbuda with 180 mph winds, killing at least 9 people and causing extensive destruction. Gross Cruise Costs per APCD improved 2.4% as reported and 1.9% in constant currency, compared to the first quarter 2022. 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. Royal Caribbean Cruises (RCL) Financial Results: Analysis, Revenue Per Available Room (RevPAR): Definition and Example, What Was Enron? 2023 Royal Caribbean Group. 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 Group expects a Net Loss in the second half of 2022 due to increases in fuel rates, interest rates and foreign exchange rates. . Capital expenditures for the remainder of 2022 are expected to be approximately $0.5 billion, excluding the acquisition of Silver Endeavour. Countryside, coastal or cityscape: how to value a view? 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. 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). 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. Net Cruise Costs ("NCC") and NCC excluding FuelNet Cruise Costs represent Gross Cruise Costs excluding commissions, transportation and other expenses and onboard and other expenses and, in the case of Net Cruise Costs excluding Fuel, fuel expenses. 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. This report discusses the executive compensation determinations made by the . When typing in this field, a list of search results will appear and be automatically updated as you type. Selected Operational and Financial Metrics. This call can be heard, either live or on a delayed basis, on the company's Investor Relations website at www.rclinvestor.com. The expected capital expenditures for 2022 are $3.0 billion. OccupancyOccupancy, in accordance with cruise vacation industry practice, is calculated by dividing Passenger Cruise Days by APCD. Read about Enrons CEO and the companys demise. View PDF View Form 10K (HTML) Royal Caribbean Group does not currently have any hardcopy reports on AnnualReports.com. Bandwidth is the data transfer capacity of a network in bits per second (Bps). Want the latest recommendations from Zacks Investment Research? (For Additional Reporting) 3217. Personal Data: Contact . Royal Caribbean Group today reported a second quarter 2022 net loss of $(0.5) billion and loss per share of $(2.05). For the third quarter, the company reported sales was . 2014 Corrections Annual Report - Volusia County, Florida. We do not make predictions about future exchange rates and use current exchange rates for calculations of future periods. 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. 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. Occupancy ("Load Factor")Occupancy, in accordance with cruise vacation industry practice, is calculated by dividing Passenger Cruise Days by APCD. Travel Norwegian Cruise Line Beats Earnings Estimates and Signals Record 2023. 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. Royal Caribbean Cruises has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Friday, February 3rd, 2023 based off prior year's report dates. Booking volumes for 2023 have shown consistent improvement week over week and have been accelerating over the last several weeks. The Zacks Consensus Estimate for the company's third-quarter bottom line is pegged at 23 cents per share. The company does not forecast fuel rates, and fuel cost calculations are based on current at-the-pump prices, net of hedging impacts. Add to portfolio. It marked the ninth straight quarter of adjusted losses per share. You can learn more about the standards we follow in producing accurate, unbiased content in our. Photo packages can be purchasedpre-cruise with a discount, or onboard. ROYAL CARIBBEAN GROUP PARTNERS WITH TEXAS ARTISTS FOR NEW PORT OF GALVESTON TERMINAL. 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 company expects its full fleet to be in operation before the summer season of 2022. The unemployment rate is the percentage of the total labor force that is unemployed but actively seeking employment and willing to work. Because European itineraries generate higher than average pricing, the lower load factors are expected to negatively impact the comparison of fleetwide revenue per passenger cruise day in the third quarter when compared to the third quarter of 2019. 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. The Group continues to make strides in its healthy return to operations in a strong demand environment. Click the button below to request a report when hardcopies become available. 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. MIAMI - February 4, 2022 - Royal Caribbean Group (NYSE: RCL) today reported financial results for the 2021 fiscal year and provided business updates. A clear case of assault and battery per Canada and Seattle codes. Royal Caribbean rip off. MOST RECENT 2021 Annual Report and Form 10K. Load factors in the second quarter were 82% overall, with June sailings reaching almost 90%. CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS, (unaudited, in thousands, except per share data), Marketing, selling and administrative expenses, Impairment and credit losses (recoveries), Interest expense, net of interest capitalized, (Loss) gain on cash flow derivative hedges, Trade and other receivables, net of allowances of $7,897 and $13,411 at June30, 2022 and December31, 2021, respectively, Other assets, net of allowances of $72,648 and $86,781 at June30, 2022 and December31, 2021, respectively, Current portion of operating lease liabilities, Preferred stock ($0.01 par value; 20,000,000 shares authorized; none outstanding), Common stock ($0.01 par value; 500,000,000 shares authorized; 283,076,357 and 282,703,246 shares issued, June30, 2022 and December31, 2021, respectively), Treasury stock (28,018,385 and 27,882,987 common shares at cost, June30, 2022 and December31, 2021, respectively), Total liabilities and shareholders' equity, Loss (gain) on derivative instruments not designated as hedges, Amortization of debt discounts and premiums. Those challenges are mainly related to fuel and food costs as well as certain transitory costs related to health and safety protocols. In addition, cancellation activity has now returned to pre-COVID levels. (10) Represents equity investment asset impairments for TUI Cruises GmbH in 2021 as a result of the impact of COVID-19. The 59-acre fort is where . Despite securing photos, video, and witness testimony, Royal Caribbean has made zero effort to provide any compensation. 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. China remains closed to cruising due to the ongoing pandemic related lockdowns. 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. Although such changes in local currency prices are just one of many elements impacting our revenues and expenses, it can be an important element. Both positive or constructive feedback is always welcomed as continue to try and make sure we provide the top tier quality of service you expect from us. 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 ( RCL 1.41%) Q3 2021 Earnings Call. RECORD-BREAKING BOOKINGS FOR A RECORD-BREAKING SHIP: ROYAL CARIBBEAN'S ICON OF THE SEAS SETS . For additional information see "Adjusted Measures of Financial Performance" below. The Group expects to operate approximately 11.6 million APCDs for the third quarter and 11.5 million APCDs for the fourth quarter. 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. 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. Load factors increased to almost 90% in June, with Caribbean itineraries averaging over 100%. We believe that this non-GAAP measure is meaningful when assessing our operating performance on a comparative basis. Annualized Return. 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. Investopedia does not include all offers available in the marketplace. The company's shares fell more than 1% in pre-market trading. 26.23 K/sq.ft. Royal Caribbean International (RCI) Royal Caribbean International is a global cruise brand with 21 ships presently in service and one under construction (Mintel, 2010). 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. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.Zacks Rank: The company has a Zacks Rank #3. Carnival has a deal to create a private island-like cruise port in Grand Bahama. China remains closed to cruising due to the ongoing lockdowns. As a result, all quarters are currently booked within historical ranges at record pricing. In addition, we are unable to determine the future impact of non-core business related gains and losses which may result from strategic initiatives. 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. Adjusted Net Loss and Adjusted Loss per Share were calculated as follows (in thousands, except per share data): Impairment and credit losses (recoveries) (2), Restructuring charges and other initiatives expense, Amortization of Silversea Cruises intangible assets related to Silversea Cruises acquisition, Convertible debt amortization of debt discount (3), Net gain related to the sale of the Azamara brand, Weighted-Average Shares Outstanding - Diluted. A percentage in excess of 100% indicates that three or more passengers occupied some cabins. 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. It should be emphasized that the use of Constant-Currency is primarily used by us for comparing short-term changes and/or projections. We are committed to decarbonizing our operations through innovation and collaborative partnerships. 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 . The company has scheduled a conference call at 10:00 a.m. Eastern Time today. It is not possible to predict or identify all such risks. As used in this Quarterly Report on Form 10-Q, the terms "Royal Caribbean," "Royal Caribbean Group," the "Company," "we," "our" and . 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. 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. "Much of what the Royal Caribbean Group has achieved has involved collaborators and partners. These measures may be different from adjusted measures used by other companies. 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. Career Designer is coming soon! Third quarter results were better than expected and above . 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. Cedar Fair, L.P. FUN has an Earnings ESP of +2.38% and a Zacks Rank #3. 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. 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%. The cruise line plans to integrate it into the local . Feb 22, 2021, 08:07 ET. That represents about 90% of its global fleet capacity. For inquiries on art youve purchased onboard our ships, please contact Park West at (800) 521-9654. If you cant locate that link or the link has expired, you can let us know how your experience was here. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. 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. Royal Caribbean stock price target raised to $76 from $56 at UBS. Find it here! New Hire Executive Move. What Happened and Who Was Responsible, Trailing 12 Months (TTM): Definition, Calculation, and How It's Used, What Is the Unemployment Rate? 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. 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. Royal Caribbean expects its full fleet of ships to be operational by the start of the 2022 summer season. We believe that good governance and transparency are critical to our ESG strategy and performance. Royal Caribbean Group today reported third quarter 2022 Earnings per Share of $0.13 and Adjusted Earnings per Share of $0.26. Operating cash flow and EBITDA were positive for the quarter. This compensation may impact how and where listings appear. 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 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. 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. 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. 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. (11)Represents net insurance recoveries related to the collapse of the drydock structure at the Grand Bahama Shipyard involving Oasis of the Seas. These ships, along with six other new ships which have joined the fleet over the last 20 months and represent over 10% of total capacity, are significantly contributing to yield growth and profitability. Depreciation and amortization expenses for the third quarter of 2022 are expected to be approximately $360 million. Revenue per available room (RevPAR) is calculated by multiplying a hotel's average daily room rate by its occupancy rate. Ships that operated the Group's core itineraries in the first quarter achieved a load factor of 59%. 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. However, Royal Caribbean is facing a number of inflationary and supply chain challenges that are likely to weigh on earnings this year. 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. October 27, 2022 12:36 pm. You can change your choices at any time by visiting your privacy controls. March load factors were 68%. 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. 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. 8/3/2022. We continue to see a robust and accelerating demand environment for cruising and on-board spend. Approximately 27% of the customer deposit balance is related to FCCs compared to 32% in the prior quarter, a positive trend indicating new demand. Core itineraries exclude sailings during the early ramp-up period of up to four weeks. Portfolio has property at its heart, and wed like you to be part of it. 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. Nov. 14, 2022 at 8:51 a.m. Royal Caribbean had returned 54 of 62 ships to operations by the end of the first quarter of 2022. Third. "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. Second half 2022 sailings are booked at higher prices than 2019, both including and excluding FCCs. 2021Seastainability Report | Download PDF. Bookings for Europe sailings improved throughout the first quarter but softened due to the war in Ukraine with a bigger impact on Baltic itineraries. That's why we've assembled a wealth of information to assist you in. We connect people to the wonders of the world and help them create unforgettable memories. Who can I speak with regarding a purchase I made in a port of call? 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. Request for Exemption of Personal Property Stored in a Public Warehouse. 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. 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 . Raising 78 million, the July auction As expected, load factors for sailings in the second half of 2022 remain below historical levels and are expected to finish at approximately 95% in the third quarter and reach triple digits by the end of the year. Due to this, we cannot speak about the finances on a reservation once a guest has booked through a travel agency. Our proven model does not conclusively predict an earnings beat for Royal Caribbean this time around. The ship has been renamed Silver Endeavour and joined the Silversea fleet on July 21. EBITDA and Adjusted EBITDA were calculated as follows (in thousands): Impairment and credit losses (recoveries) (9). Third quarter results were better than expected and above guidance for the quarter mainly due to higher load factors from strong close-in demand, further improvement in onboard revenue and better Only 12% of the cabins on Royal Caribbean's oldest vessel, the 1996-built Grandeur of the Seas, are balcony cabins. The transaction is expected to be immediately accretive to earnings, cash flow and return on invested capital. ESG at Royal Caribbean Group. The occupancy rate is a measure of the amount of available passenger capacity, or cabins, being utilized. Statement of "Qualified Personal Property" by a "Qualified Business". Silver Endeavour is scheduled to begin service winter 2022, spending its inaugural season in Antarctica starting November 2022. skindoc336. (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. As of June 30, 2022, the Group's liquidity position was $3.3 billion, which includes cash and cash equivalents, undrawn revolving credit facility capacity, and a $700 million commitment for a 364-day term loan facility. (6)Represents net insurance recoveries related to the collapse of the drydock structure at the Grand Bahama Shipyard involving Oasis of the Seas. Throughout a sailing, pending authorizations (holds) are issued to cards on file as a way to secure funds for onboard processed transactions. During the first quarter, four additional ships resumed operations. For new bookings, the Group has returned to typical booking and cancellation policies, which were relaxed during the pandemic. Balcony cabins: 1,796 (65%). For 2023, all quarters are currently booked within historical ranges at record pricing. Cash flow from ships in operation was positive in the first quarter. RCL earnings call for the period ending September 30, 2021. 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. If purchased pre-cruiseor onboard, photo selections must be made onboard at the Focus Photo Gallery. "We have taken and will continue to take proactive actions to improve our cash flow, balance sheet and methodically address near-term maturities.". Suites: 188 (7%). If you w *Please see all applicable Terms & Conditions for Promotions. Approximately 70% of the company's debt is tied to fixed interest rates. Thank you for your patience! The third quarter is expected to be higher. Represents equity investment asset impairments primarily for TUI Cruises GmbH in 2021 as a result of the impact of COVID-19. I would like to speak to someone regarding the experience I had on my most recent cruise, who can I contact. 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. 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. 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). 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. In the second quarter, approximately 90% of total bookings were new versus FCC redemptions. Royal Caribbean Cruises Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. 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 . 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. Real time Royal Caribbean Cruises (RCL) stock price quote, stock graph, news & analysis. This compares to loss of $5.06 per share a year ago. 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. Where can I file a claim for my travel insurance? 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. These include white papers, government data, original reporting, and interviews with industry experts. 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. However, some refunds may take up to 30 days to post. 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%. In addition, these adjusted measures are not based on any comprehensive set of accounting rules or principles. Royal Caribbean Cruises LTD. Job Application Wizard. 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. Bookings have now been surpassing comparable 2019 levels for the last two months with particularly strong trends for North America based itineraries. Royal Caribbean Group RCL is scheduled to report its third-quarter 2022 results on Nov 3, before the opening bell. "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. Jason Liberty Executive Vice President/CFO Royal Caribbean Cruises "It is happening. 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. Who can I speak with regarding my spa purchase? Royal Caribbean Group (NYSE: RCL) today reported third quarter 2022 Earnings per Share of $0.13 and Adjusted Earnings per Share of $0.26. 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. 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. In most cases, refunds will post to the original form of payment about 7 to 10 days after theyre fully processed. Together, their brands operate a global fleet of 60 ships traveling to more than 800 destinations. Booking volumes in the first quarter improved consistently week-over-week and reached typical Wave levels at the end of the quarter. (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. 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. These statements include, but are not limited, to: statements regarding revenues, costs and financial results for 2022 and beyond. A secure invitation link to view and do For Spa Product and Services inquiries, please contact OneSpaWorld. Royal Caribbean Group First Cruise Company in US to Sail Using Renewable Diesel Fuel. Purchase of property and equipment included in accounts payable and accrued expenses and other liabilities . October 28, 2022 1:26 pm. Depreciation and amortization expenses for the second quarter of 2022 are expected to be in the range of $350-$355 million. Royal Caribbean Group (NYSE: RCL) today reported second quarter 2022 net loss of $(0.5) billion and loss per share of $(2.05). 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. Trade and other receivables, net of allowances of $7,897 and $13,411 at June30, 2022 and. 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