Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

ROYAL CARIBBEAN CRUISES LTD.

(RCL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Royal Caribbean bets on vaccines for safe voyages as Delta variant weighs

08/04/2021 | 11:29am EDT
FILE PHOTO: Royal Caribbean's Quantum of the Seas cruise ship docks at Marina Bay Cruise Center after a passenger tested positive for COVID-19 during a cruise to nowhere

(Reuters) -Royal Caribbean Group on Wednesday flagged a modest hit to its bookings from the Delta variant of the coronavirus and leaned on vaccines for safe voyages as the cruise industry takes to the sea after a pandemic-led standstill.

Shares fell about 2.4% after the company, which operates the biggest cruise ships in the world, reported a bigger quarterly loss than expected.

Cruise operators resumed sailing from U.S. ports in June with mostly vaccinated passengers and crew on limited capacity following lengthy talks with the U.S. Centers for Disease Control and Prevention about health and safety protocols.

The resumption came more than a year after operations were suspended, but a few on-board cases in recent weeks and rising infections in U.S. states have raised worries that a rebound for the cruise industry could be delayed.

"The vaccines are the ultimate weapon," Royal Caribbean Chief Executive Richard Fain said on a call with analysts.

"It's impossible to eliminate cases on board a ship totally. But the steps that we are taking are designed to prevent the isolated cases from becoming an outbreak and it seems to be working."

Royal Caribbean requires passengers above 12 years of age to be fully vaccinated, except for cruises departing from Florida, due to the state's ban on businesses asking for so-called "vaccine passports".

Florida is crucial for cruise companies as it has the main ports of departure for Caribbean voyages.

Still, Royal Caribbean said bookings for 2022 cruises were "practically back" to pre-pandemic levels due to the pent-up demand for vacations.

It expects 80% of its capacity to be in service by 2021 end and turn cash-flow positive in about six months.

The company reported a second-quarter adjusted net loss of $1.3 billion, or $5.06 per share, bigger than $4.39 loss estimated by analysts, according to Refinitiv IBES data.

(Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur)

By Uday Sampath Kumar


ę Reuters 2021
All news about ROYAL CARIBBEAN CRUISES LTD.
09/24ROYAL CARIBBEAN : Stifel Adjusts Royal Caribbean Cruises' Price Target to $111 from $95, K..
MT
09/23ROYAL CARIBBEAN : Releases 2020 'seastainability' report
AQ
09/22ROYAL CARIBBEAN : Truist Securities Adjusts Royal Caribbean Cruises' Price Target to $80 f..
MT
09/22ROYAL CARIBBEAN GROUP : Releases 2020 "Seastainability" Report
PR
09/17ROYAL CARIBBEAN : International's vaccine policies
AQ
09/16ROYAL CARIBBEAN : WORLD'S NEWEST WONDER SETS COURSE FOR U.S. AND EUROPE; Royal Caribbean's..
AQ
09/15ROYAL CARIBBEAN : World's Newest Wonder Sets Course For U.S. And Europe
PR
09/15ROYAL CARIBBEAN : World's newest wonder sets course for u.s. and europe
PU
09/14START SPREADING THE NEWS : BIG APPLE WELCOMES ITS LARGEST CRUISE SHIP; One of the World's ..
AQ
09/13START SPREADING THE NEWS : Big apple welcomes its largest cruise ship
PU
More news
Analyst Recommendations on ROYAL CARIBBEAN CRUISES LTD.
More recommendations
Financials (USD)
Sales 2021 1 843 M - -
Net income 2021 -4 020 M - -
Net Debt 2021 17 959 M - -
P/E ratio 2021 -5,68x
Yield 2021 -
Capitalization 23 098 M 23 098 M -
EV / Sales 2021 22,3x
EV / Sales 2022 4,12x
Nbr of Employees 84 950
Free-Float 77,4%
Chart ROYAL CARIBBEAN CRUISES LTD.
Duration : Period :
Royal Caribbean Cruises Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ROYAL CARIBBEAN CRUISES LTD.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 90,69 $
Average target price 91,57 $
Spread / Average Target 0,97%
EPS Revisions
Managers and Directors
Richard D. Fain Chairman & Chief Executive Officer
Jason T. Liberty Chief Financial Officer & Executive Vice President
Martha Poulter Chief Information Officer & Senior Vice President
Calvin B. Johnson Chief Medical Officer
Rosanna M. Fiske Global Chief Communications Officer
Sector and Competitors