Royal Caribbean Cruises Ltd.

RCL
Sector

Consumer Discretionary

Industry

Travel Services

Market Cap

$61.71B

Employees

98.2K

Company Overview

Royal Caribbean Cruises Ltd. is a global cruise company that operates three main brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. They also hold a 50% joint venture in TUI Cruises. The company's ships offer a wide variety of itineraries across all seven continents. They compete on service, innovation, and quality of ships.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Total revenues increased by $587 million in Q2 2024 compared to Q2 2023, primarily due to a 4.5% increase in capacity and improved pricing. Passenger ticket revenues rose by 18.1% and onboard revenues increased by 13.3%.

Net income attributable to Royal Caribbean Cruises Ltd. was $854 million in Q2 2024, a substantial increase from $459 million in Q2 2023. Diluted earnings per share increased from $1.70 to $3.11.

Total cruise operating expenses increased by $197 million in Q2 2024 compared to Q2 2023, primarily due to a 4.5% increase in capacity and higher drydock and maintenance expenses.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

3 Insights

Market Environment

3 Insights