We act ethically and with integrity so we all can thrive. This call can be heard, either live or on a delayed basis, on the Company's Investor Relations website at www.rclinvestor.com. Booking volumes in the first quarter improved consistently week-over-week and reached typical Wave levels at the end of the quarter. Where can I fill out a survey regarding my experience on my most recent sailing? Bunker pricing, net of hedging, for the second quarter was $721 per metric ton and consumption was 382,000 metric tons. RCI Hospitality Holdings, Inc. RICK has an Earnings ESP of +4.15% and a Zacks Rank #2. 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. In the second quarter, approximately 90% of total bookings were new versus FCC redemptions. For the full year and the second half of 2022, pricing remains higher than in 2019 both including and excluding FCCs. Cash flow from ships in operation was positive in the first quarter. 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. This call can be heard, either live or on a delayed basis, on the company's Investor Relations website at www.rclinvestor.com. If purchased pre-cruiseor onboard, photo selections must be made onboard at the Focus Photo Gallery. 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%. I think we get over a million different attacks a day. 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. 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. Where can I get financial information if I booked through a Travel Advisor? On the other hand, supply-chain constraints, transitory costs related to health and safety protocols and elevated expenses (including fuel and food) are likely to negatively impact the results.The company has also anticipated the hurdles that can weigh on its 2022 earnings. 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. For 2023, all quarters are currently booked within historical ranges at record pricing. Royal Caribbean Group (NYSE: RCL) today reported second quarter 2022 net loss of $(0.5) billion and loss per share of $(2.05). Suites: 188 (7%). Award. 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. Net interest expense for the second quarter of 2022 is expected to be in the range of $300-$310 million. 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. Royal Caribbean Cruises (RCL) Financial Results: Analysis, Revenue Per Available Room (RevPAR): Definition and Example, What Was Enron? Cedar Fair, L.P. FUN has an Earnings ESP of +2.38% and a Zacks Rank #3. Enron was a U.S. energy company that perpetrated one of the biggest accounting frauds in history. "Our liquidity position remains strong as we execute on our return to service, and our operations generate positive cash flow again," said Naftali Holtz, chief financial officer, Royal Caribbean Group. For inquiries on art youve purchased onboard our ships, please contact Park West at (800) 521-9654. I have 3 cruises cancelled due to COVID. 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. 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. 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. EBITDA and Adjusted EBITDA were calculated as follows (in thousands): Impairment and credit losses (recoveries) (9). To read this article on Zacks.com click here. ET by Tomi Kilgore. Royal Caribbean Group RCL is scheduled to report its third-quarter 2022 results on Nov 3, before the opening bell. Travel Norwegian Cruise Line Beats Earnings Estimates and Signals Record 2023. To date, approximately 56% of FCCs have been redeemed. 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 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. We believe that good governance and transparency are critical to our ESG strategy and performance. Credit Card FAQs We believe that as a valued RBC Royal Bank customer, you deserve to be well-informed about your credit card. There are far fewer balcony cabins on older Royal Caribbean ships (and all older cruise ships in general). Another property on the Windsor estate, Fort Belvedere is the Queen's "forgotten castle" in Surrey, built between 1750 and 1755 and owned by the Crown Estate. Find out more about how we use your information in our privacy policy and cookie policy. Throughout a sailing, pending authorizations (holds) are issued to cards on file as a way to secure funds for onboard processed transactions. As a result, all quarters are currently booked within historical ranges at record pricing. ROYAL CARIBBEAN CRUISES LTD's latest 10-Q financial filing, filed on 2022-11-03. . These statements include, but are not limited to: statements regarding revenues, costs and financial results for 2021 and beyond. 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 Group expects to return the full fleet to operations before the summer season of 2022. Royal Caribbean Cruises Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. When typing in this field, a list of search results will appear and be automatically updated as you type. Caribbean property agents Our International Residential team's unrivalled knowledge and expertise makes us perfectly suited for all your property needs. Depreciation and amortization expenses for the third quarter of 2022 are expected to be approximately $360 million. Or, if youre looking for more information on something you saw displayed around the ship, please contact International Corporate Art by phone at (30 For Photo Inquiries, please contact Customer Service by phone at +1 800 256 6649. 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. We continue to see a robust and accelerating demand environment for cruising and on-board spend. 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. 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. "Our liquidity position remains strong, and we are generating positive operating cash flow and EBITDA. from 8 AM - 9 PM ET. 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. 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. This feature will help you take charge of your RCL career by outlining your potential options. 3 min read. Revenue per available room (RevPAR) is calculated by multiplying a hotel's average daily room rate by its occupancy rate. Raising 78 million, the July auction New Hire Executive Move. The Zacks Consensus Estimate for the company's third-quarter bottom line is pegged at 23 cents per share. RCL earnings call for the period ending September 30, 2021. Core itineraries exclude sailings during the early ramp-up period of up to four weeks. Investopedia does not include all offers available in the marketplace. The third quarter is expected to be higher. The Group is now offering cruises in all of its key destinations with the exception of China. The Osceola County Sheriff's Office has been a CFA-accredited law enforcement agency since 1999.. kickass proxy unblock. Each guest who sails onboard will set up an Onboard Account. Royal Caribbean Group (NYSE: RCL) today reported first quarter 2022 operating loss of $(1.2) billion and loss per share of $(4.58). Load factors increased to almost 90% in June, with Caribbean itineraries averaging over 100%. 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. Our five-pillar Environmental, Social and Governance (ESG) framework anchors everything we do. Earnings for Royal Caribbean Cruises are expected to grow in the coming year, from ($7.72) to $2.95 per share. Royal Caribbean's next earnings report (for Q2 FY 2022) is expected to be released on Aug. 3, 2022. The scheduled debt maturities for the remainder of 2022 are $1.6 billion. We have a long-lasting partnership with our travel advisors across the globe. Slectionnez Grer les paramtres pour grer vos prfrences. For additional information see "Adjusted Measures of Financial Performance" below. Royal Caribbean Cruises Ltd. "Form 10-K for the Fiscal Year Ended December 31, 2021," Page 36. 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. Royal Caribbean Cruises Ltd. price-eps-surprise | Royal Caribbean Cruises Ltd. Quote. The Group expects to return to Australia for the local summer season in the fourth quarter of 2022. Royal Caribbean ( RCL 1.41%) Q3 2021 Earnings Call. Who can I speak with regarding a purchase I made in a port of call? Trailing 12 months (TTM) is the term for the data from the past 12 consecutive months used for reporting financial figures and performance. 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. Load factors continue to improve sequentially with total revenue per Passenger Cruise Day up versus record 2019 levels. personal property report royal caribbeanmaritime crewing agency. If you cant locate that link or the link has expired, you can let us know how your experience was here. How are Onboard Credits & Future Cruise Credits Calculated? 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. It should be emphasized that the use of Constant-Currency is primarily used by us for comparing short-term changes and/or projections. FUNs earnings surpassed the consensus mark thrice in the trailing four quarters and missed once, the average surprise being 5.3%. Customer service contacts and company information. Ebitda were calculated as follows ( in thousands ): Impairment and losses. Robust and accelerating demand environment for cruising and on-board spend either live or a. 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