Royal Caribbean Q1 2022 Earnings Report
Key Takeaways
Royal Caribbean Group reported a net loss of $1.2 billion for Q1 2022, but is making strides in its recovery with improved load factors and operating cash flow approaching breakeven in March. Booking volumes have exceeded 2019 levels since the beginning of March, and the company expects a return to net profit in the second half of the year.
Returned 54 out of 62 ships to operations, representing close to 90% of worldwide fleet capacity by the end of Q1 2022.
Carried approximately 800,000 guests during the first quarter, achieving record guest satisfaction scores and record total revenue per Passenger Cruise Day.
Made progress towards profitability with operating cash flow only slightly negative in March and turning positive in April.
Expects to return the full fleet to operations before the summer season of 2022.
Royal Caribbean
Royal Caribbean
Royal Caribbean Revenue by Segment
Forward Guidance
The Group expects to operate approximately 10.3 million Available Passenger Cruise Days (APCD) for the second quarter with load factors of 75% to 80%. The Group also expects cash flow from ships in operation to be positive in the second quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income