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MarketScreener Homepage  >  Equities  >  Nyse  >  Royal Caribbean Group    RCL   LR0008862868

ROYAL CARIBBEAN GROUP

(RCL)
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ROYAL CARIBBEAN : EXTENDS SUSPENSION OF CERTAIN SAILINGS WHILE CONTINUING ITS MEASURED RETURN BASED ON SCIENCE-BACKED PROTOCOLS

04/08/2021 | 04:00pm EDT

FOR IMMEDIATE RELEASE

Royal Caribbean Group extends suspension of certain sailings while continuing its measured return based on science-backed protocols

MIAMI, April 8, 2021 - Royal Caribbean Group (NYSE: RCL) announced today that it is extending the suspension of some sailings, including all sailings from the United States until June 30, while continuing its measured return to service with more sailings scheduled from different regions around the world.

"Safety is the first priority, and we know that cruising can be safe, as we have seen in Europe and Asia," said Richard D. Fain, Royal Caribbean Group chairman and CEO. "The rising number of Americans who are fully vaccinated against COVID-19, layered on top of the rigorous health and safety measures we are implementing under the Healthy Sail Panel's guidance, enables us to create a safe environment to take a cruise. We strongly believe that President Biden's stated goal for society to reopen in time for Independence Day is a realistic goal."

While we continue to work with the U.S. Centers for Disease Control and Prevention and government authorities around the world, we have made the following adjustments to upcoming

2021 itineraries:

Royal Caribbean International

  • Suspending sailings through June 30
  • Excluding all ships which have recently announced many new homeports around the globe

Celebrity Cruises

  • Suspending sailings through June 30
  • Excluding all ships which have recently announced many new homeports around the globe

Silversea Cruises

  • Suspending sailings through June 30
  • Excluding Silver Moon, Silver Origin and Silver Explorer

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Royal Caribbean Group Extends Suspension of Cruising - Page 2

The Group's thoughtful return to sailing continues with announcements in the past 30 days of eight more ships that will be welcoming guests beginning in June with science-backed protocols, including vaccines.

Royal Caribbean International

  • Adventure of the Seas will sail from new homeport Nassau, The Bahamas on 7-night cruises that include Perfect Day at CocoCay, beginning June 12.
  • Vision of the Seas will sail from first-time homeport Bermuda on 7-night cruises that include Perfect Day at CocoCay, beginning June 26.
  • Jewel of the Seas will sail from new homeport Limassol, Cyprus on 7-night cruises in the Greek islands, beginning July 10.
  • Anthem of the Seas will sail from Southampton, England on 4-, 5- and 8-night cruises in the British Isles, beginning July 7.

Celebrity Cruises

  • Celebrity Millennium will sail from new homeport St. Maarten, with stops in the Caribbean, beginning June 5.
  • Celebrity Apex will make its debut from Athens, Greece, with stops around the Mediterranean, beginning June 19.
  • Celebrity Silhouette will sail from Southampton, England on 6- to 8-night cruises around
    Britain's coastline, beginning July 3.

Silversea Cruises

  • Silver Moon will sail from new homeport Athens on 10-night cruises that include Israel and Cyprus, beginning June 18.

These ships join Royal Caribbean International's Quantum of the Seas, which has been sailing safely in Singapore since Dec. 2020, and Odyssey of the Seas, which, as previously announced, will begin sailing from Haifa, Israel on June 2.

Royal Caribbean Group continues to work with its Healthy Sail Panelof globally recognized scientific and medical experts to come back stronger, and looks forward to welcoming all guests back on board.

The Group is reaching out to guests and travel partners to share further details and address any questions or concerns they may have. For more information, visit the cruise lines' websites: Celebrity Cruises: www.celebritycruises.com, Royal Caribbean: www.royalcaribbean.comand Silversea: www.silversea.com.

(more)

Royal Caribbean Group Extends Suspension of Cruising - Page 3

About Royal Caribbean Group

Royal Caribbean Groupis the operating business name for Royal Caribbean Cruises Ltd. Royal Caribbean Group is the owner and operator of three global cruise vacation brands: Royal Caribbean International, Celebrity Cruises, and Silversea. Royal Caribbean Group is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, our brands operate 58 ships with an additional 15 on order as of March 15, 2021. Learn more at www.royalcaribbeangroup.comor www.rclinvestor.com.

###

Media contact: Jonathon Fishman

Email: corporatecommunications@rccl.com

Disclaimer

Royal Caribbean Cruises Ltd. published this content on 08 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 April 2021 19:59:07 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 2 580 M - -
Net income 2021 -3 382 M - -
Net Debt 2021 17 957 M - -
P/E ratio 2021 -6,42x
Yield 2021 -
Capitalization 22 027 M 22 027 M -
EV / Sales 2021 15,5x
EV / Sales 2022 4,09x
Nbr of Employees 84 950
Free-Float 66,4%
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Technical analysis trends ROYAL CARIBBEAN GROUP
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 18
Average target price 86,23 $
Last Close Price 86,53 $
Spread / Highest target 35,2%
Spread / Average Target -0,35%
Spread / Lowest Target -42,2%
EPS Revisions
Managers and Directors
NameTitle
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
Bradley H. Stein Secretary, Chief Compliance Officer & Senior VP
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