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Royal Caribbean Group Reports Third Quarter 2021 Results And Provides Updates On Its Return To Service

Royal Caribbean Group reported financial results for the third quarter of 2021 and provided business updates.

Key Highlights include:

Over 500k guests sailed across our five brands since the restart of operations; over 1 million guests expected by year end.
By the end of this year, the Group anticipates that 50 out of 61 ships will have returned to service across its five brands, representing almost 100% of its core itineraries and approximately 80% of worldwide capacity.
Sailings for 2022 are booked within historical ranges and at higher prices than 2019, even when including future cruise credits (FCCs).
Guest satisfaction scores and onboard spending per passenger are both at the highest levels in the Company's history.
The Group expects to be cash flow positive by spring and profitable for the full year 2022.
Constructive dialogue with the CDC leading to the end of the prescriptive CSO in January.

The Company reported US GAAP Net Loss for the third quarter of 2021 of $(1.4) billion or $(5.59) per share compared to US GAAP Net Loss of $(1.3) billion or $(6.29) per share in the prior year. The Company also reported Adjusted Net Loss of $(1.2) billion or $(4.91) per share for the third quarter of 2021 compared to Adjusted Net Loss of $(1.2) billion or $(5.62) per share in the prior year. The Net Loss and Adjusted Net Loss for the third quarter of 2021 are the result of the continued impact of the COVID-19 pandemic on the business.

Full report https://www.rclinvestor.com/press-releases/release/?id=1571

Oct 29 2021


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