Royal Caribbean Cruises Ltd. (RCL)

Sector: Consumer Discretionary|Industry: Travel Services|Market Cap: $61.71B|Employees: 98.2K


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.

  1. Filings

Filing Highlights

Financial Performance

Net income attributable to Royal Caribbean Cruises Ltd. for the first quarter of 2025 was $730 million, a substantial increase compared to $360 million for the same period in 2024. This indicates a strong improvement in profitability.

Total revenues increased by $271 million to $4 billion, driven by increases in capacity, ticket prices, and onboard spending. This suggests successful revenue management and strong demand for cruise offerings.

Interest expense, net of interest capitalized, decreased by $175 million to $249 million, primarily due to a loss on extinguishment of debt in 2024 and proactive refinancing. This indicates effective debt management strategies.

Growth & Strategy

Management Execution

Risk Factors

Competitive Position

Operational Efficiency

Innovation & Technology

Capital Allocation

ESG initiatives

Market Environment