Royal Caribbean Q1 2021 Earnings Report
Key Takeaways
Royal Caribbean Group reported a US GAAP Net Loss of $(1.1) billion or $(4.66) per share for the first quarter of 2021. The company's operations were heavily impacted by the COVID-19 pandemic, but they are seeing positive booking activity for the second half of 2021 and the first half of 2022.
Announced new itineraries for eleven additional ships from the Caribbean and Europe this summer.
Constructive dialogues with the CDC about resuming cruising in the U.S.
Average monthly cash burn rate for the first quarter of 2021 was approximately $300 million.
Booking activity for the second half of 2021 is aligned with the Company’s anticipated resumption of cruising.
Royal Caribbean
Royal Caribbean
Royal Caribbean Revenue by Segment
Forward Guidance
The Company expects to incur a net loss on both a US GAAP and adjusted basis for its second quarter and the 2021 fiscal year, the extent of which will depend on many factors including the timing and extent of the return to service.
Revenue & Expenses
Visualization of income flow from segment revenue to net income