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Mar 31, 2021
Royal Caribbean Q1 2021 Earnings Report
Royal Caribbean's financial performance was impacted by the COVID-19 pandemic, resulting in a net loss for Q1 2021. However, the company is optimistic about the future with the gradual resumption of cruise operations and improving cash flow.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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