Royal Caribbean Group Q1 2023 financials

FinanceRoyal Caribbean Group Q1 2023 financials were stronger than anticipated with total revenues of USD 2.9 bn (USD 1.06 bn), Net Loss was USD 47.9 million (USD 1.17 bn), Adjusted EBITDA was USD 641.7 million (USD -549.7 million), and 1,806,270 (734,809) passengers were carried.

"We knew that demand for our business was strong and strengthening, but we have been pleasantly surprised with how swiftly demand further accelerated well above historical trends and at higher rates," said Jason T. Liberty, president and chief executive officer of Royal Caribbean Group. "Leisure travel continues to strengthen as consumer spend further shifts towards experiences. Demand for our brands is outpacing broader travel due to a strong rebound and an attractive value proposition," added Liberty. "We are increasing full year guidance, given the significant momentum in our business, and we are well on our way to achieve our Trifecta goals."

Full report https://www.rclinvestor.com/press-releases/release/?id=1653

May 08 2023