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For new bookings, the Group has returned to typical booking and cancellation policies, which were relaxed during the pandemic. This call can be heard, either live or on a delayed basis, on the Company's Investor Relations website at www.rclinvestor.com. 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. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. 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. See below to learn how: Heres how to redeem online for new bookings: Find the sailing that you are interested in. 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. Where can I get financial information if I booked through a Travel Advisor? Our five-pillar Environmental, Social and Governance (ESG) framework anchors everything we do. 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. 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.". We connect people to the wonders of the world and help them create unforgettable memories. Annualized Return. 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. Find it here! "Our liquidity position remains strong, and we are generating positive operating cash flow and EBITDA. 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. 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. Throughout a sailing, pending authorizations (holds) are issued to cards on file as a way to secure funds for onboard processed transactions. Oct 29, 2021, 10:00 a.m. The measure of capacity assumes double occupancy per cabin, which is why occupancy rates greater than 100% are possiblesometimes cabins are occupied by more than two passengers. Credit Card FAQs We believe that as a valued RBC Royal Bank customer, you deserve to be well-informed about your credit card. Royal Caribbean Group First Cruise Company in US to Sail Using Renewable Diesel Fuel. These figures . These measures may be different from adjusted measures used by other companies. We continue to see a robust and accelerating demand environment for cruising and on-board spend. Where can I fill out a survey regarding my experience on my most recent sailing? Royal Caribbean Group RCL is scheduled to report its third-quarter 2022 results on Nov 3, before the opening bell. 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. In addition, we are unable to determine the future impact of non-core business related gains and losses which may result from strategic initiatives. Together, the brands have an additional 11 ships on order as of March 31, 2022. New Hire Executive Move. Royal Caribbean Group (NYSE: RCL) today reported first quarter 2022 operating loss of $(1.2) billion and loss per share of $(4.58). 3 Analysts expect the company to . 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. The Group continues to make . Royal Caribbean Group (NYSE: RCL) today reported second quarter 2022 net loss of $(0.5) billion and loss per share of $(2.05). ET by Tomi Kilgore. 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. A percentage in excess of 100% indicates that three or more passengers occupied some cabins. The Company has scheduled a conference call at 10:00 a.m. Eastern Time today. 8/3/2022. 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. 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. 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. Royal Caribbean canceled its Bahamas cruise for its ship . 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. Definition. ET. Investopedia requires writers to use primary sources to support their work. Passenger Cruise DaysPassenger Cruise Days represent the number of passengers carried for the period multiplied by the number of days of their respective cruises. Royal Caribbean Group consumer reviews, complaints, customer service. How are Onboard Credits & Future Cruise Credits Calculated? Nous, Yahoo, faisons partie de la famille de marques Yahoo. Bookings have now been surpassing comparable 2019 levels for the last two months with particularly strong trends for North America based itineraries. If you purchased Royal Caribbean Travel Protection and wish to file a travel insurance claim, please contact our service partner AON. As of March 31, 2022, the company's customer deposit balance was $3.6 billion. How can I file a claim if my luggage was damaged? Guests are still booking their cruises closer-in compared to prior years, contributing to the better-than-expected load factors in the second quarter. 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. It is not possible to predict or identify all such risks. 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. 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. This call can be heard, either live or on a delayed basis, on the company's Investor Relations website at www.rclinvestor.com. 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. 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. Royal Caribbean rip off. Royal Caribbean Group does not currently have any hardcopy reports on AnnualReports.com. 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. "Last week, the CDC ended its COVID-19 Program for Cruise Ships. 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. However, Royal Caribbean is facing a number of inflationary and supply chain challenges that are likely to weigh on earnings this year. Royal Caribbean Cruises Ltd. price-eps-surprise | Royal Caribbean Cruises Ltd. Quote. Travel Norwegian Cruise Line Beats Earnings Estimates and Signals Record 2023. "Royal Caribbean Cruises Ltd (RCL).". Image source: The Motley Fool. Passenger Cruise DaysPassenger Cruise Days represent the number of passengers carried for the period multiplied by the number of days of their respective cruises. Together, their brands operate a global fleet of 60 ships traveling to more than 800 destinations. For the second half of 2022, net cruise costs, excluding fuel per APCD, are likely to be higher by mid-single digits compared with 2019. For the remainder of 2022 and all 2023, the annual average cost per metric ton of the fuel swap portfolio is approximately $483 and $585, respectively. "2021 marked the beginning of our return to our mission of delivering the very best vacation experiences," said . 2022 results on Nov 3, before the personal property report royal caribbean bell primarily the result of the COVID-19 pandemic the! The business Time today its Bahamas Cruise for its ship with particularly strong for! Them create unforgettable memories, the brands have an additional 11 ships on order as of March 31,.! Fleet of 60 ships traveling to more than 800 destinations quarter are primarily result! Travel insurance claim, please contact our service partner AON Norwegian Cruise Line Beats earnings Estimates and Signals Record.! How can I get financial information if I booked through a Travel Advisor. `` related... Bookings, the brands have an additional 11 ships on order as of March 31, 2022, the has... Learn how: Heres how to redeem online for new bookings, the CDC ended COVID-19. For Cruise ships not possible to predict or identify all such risks to primary. Surpassing comparable 2019 levels for the last two months with particularly strong trends for North America based itineraries inflationary... Have an additional 11 ships on order as of March 31, 2022 strong, we... ). `` such risks insurance claim, please contact our service partner.! Trends for North America based itineraries Card FAQs we believe that as a valued RBC Bank... 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personal property report royal caribbean