Royal Caribbean Group Q2 financial results

FinanceRoyal Caribbean Group reported revenues in Q2 of USD 4.11 billion (USD 3.52 billion). Net Income was USD 854 million (USD 459 million) and adjusted EBITDA USD 1.6 billion (USD 1.2 billion). 2,040,242 passengers were carried, compared to 1,900,810 in the same quarter last year.

"Our momentum continues! We met our financial targets 18 months earlier than expected, have our balance sheet in a strong position, reinstated our dividend, and ... we are just getting started," said Jason Liberty, president and CEO, Royal Caribbean Group. "Exceptional demand for our vacation experiences has accelerated our performance by generating significant yield growth over the past several years," added Liberty. "As we look forward, we remain intensely focused on driving strong shareholder returns by delivering a lifetime of vacations and taking a greater share of the rapidly growing $1.9 trillion global vacation market. This is underpinned by our formula for future success – disciplined growth and moderate yield growth while controlling our costs."

Full report https://www.rclinvestor.com/press-releases/release/?id=1715

Jul 26 2024