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 revenue increased by $726 million year-over-year to $4.9 billion, driven by a 10.9% increase in capacity from new ships and higher load factors and ticket prices. Onboard and other revenues also saw a $196 million increase.

Total cruise operating expenses increased by $254 million year-over-year to $2.4 billion, primarily due to the 10.9% capacity increase and higher drydock and maintenance expenses.

Interest expense, net of interest capitalized, increased by $263 million to $603 million, primarily due to losses on debt extinguishment and inducement expenses related to debt refinancing and convertible notes exchange.

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