RCL

Royal Caribbean Cruises 10-Q Report Highlights Operations

Royal Caribbean Cruises Ltd. has recently released its 10-Q report, detailing its operations as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, and as of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd. was founded in 1968 and is headquartered in Miami, Florida.

In the 10-Q report, Royal Caribbean Cruises Ltd. provided a detailed overview of its financial condition and results of operations. The report includes a discussion of the company's financial presentation, critical accounting policies and estimates, and seasonality of its revenues, which are based on demand for cruises.

The report also includes a description of certain line items, such as revenues and cruise operating expenses. Revenues are comprised of passenger ticket revenues and onboard and other revenues, while cruise operating expenses include commissions, transportation and other expenses, onboard and other expenses, payroll and related expenses, food expenses, fuel expenses, and other operating expenses.

Additionally, the report presents selected operational and financial metrics used by the company to evaluate its performance and financial condition. These metrics include Adjusted EBITDA, Adjusted Earnings (Loss) per Share, Adjusted Net Income (Loss) attributable to Royal Caribbean Cruises Ltd., Available Passenger Cruise Days, EBITDA, Gross Cruise Costs, Net Cruise Costs, Net Cruise Costs Excluding Fuel, Gross Margin Yield, Adjusted Gross Margin, Net Yields, Occupancy ("Load Factor"), and Passenger Cruise Days.

In terms of results of operations, the report highlights that the Net Income attributable to Royal Caribbean Cruises Ltd. and Adjusted Net Income attributable to Royal Caribbean Cruises Ltd. for the first quarter of 2024 was $360 million and $478 million, compared to a Net loss and Adjusted Net loss of $(48) million and $(59) million, respectively, for the first quarter of 2023. The report also provides a breakdown of total revenues, total cruise operating expenses, marketing, selling and administrative expenses, and depreciation and amortization expenses for the quarter ended March 31, 2024, compared to the same period in 2023.

Furthermore, the report discusses significant items for the quarter ended March 31, 2024, including an increase in total revenues primarily due to an increase in capacity and ticket prices, as well as an increase in total cruise operating expenses due to an increase in capacity and occupancy, and additional drydock days in 2024 compared to the same period in 2023. The report also mentions a debt transaction involving the issuance and redemption of senior notes in March 2024.

The market has reacted to these announcements by moving the company's shares 0.5% to a price of $137.47. For the full picture, make sure to review Royal Caribbean Cruises's 10-Q report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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