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09 August 2022 The on-line newspaper devoted to the world of transports 04:33 GMT+2



July 29, 2022

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Original news
Royal Caribbean's financial and operational results come close to pre-pandemic

Liberty : The propensation of consumers to travel and cruises continues to be high

In the second quarter of this year, the financial and operational performance of the U.S. cruise group Royal Caribbean was more strongly than those recorded before the start of the Covid-19 pandemic that, due to the limitations imposed on mobility to stem the spread of the contagion, has had a very serious impact on the cruise industry. In the April-June period of 2022, the U.S. group's revenues rose to 2.18 billion, a figure that was well above the only 50.9 million totaled in the second quarter of 2021 and also 175.6 million. in the second quarter of 2020, both periods in which the group's fleet was almost firm due to the health crisis, was close to 2.81 billion in revenue in the second quarter of 2019 when not only the pandemic was still beyond to come, but the cruise market was in full ascension with major companies in the sector, including Royal Caribbean, which were continuing to score new records both financial and operational.

In particular, if in the second quarter of this year sales of the cruises made the American group revenue of 1.42 billion, -29.7% percent less than in the second quarter of 2019, the sales on board the ships have generated revenue of 766.0 million, with only a slight decline of -2.9% percent compared to the corresponding quarter of 2019. Operating costs, however, were 9.5% higher than those in the second quarter of 2019 : in the second quarter of 2022, they stood at 1.69 billion compared to 1.54 billion in the second quarter. of the last annual exercise prior to the pandemic.

In the April-June period of this year, the operating result and the net economic result were both still in negative sign and equal to -218.6 million and -521.6 million respectively. The losses were much more contained than those in the second quarter of 2021 (-1.02 billion and -1.35 billion, respectively) and the second quarter of 2020 (-128 billion and -1.63 billion). The second quarter of 2019 had been filed with an operating profit of 573.6 million and with a net profit of 480.0 million.

In the second quarter of 2022, the group's ships embarked on a total of 1.34 million passengers compared to 34mila in the same period in 2021, to 20mila in the same period of 2020 and to 1.66 million in the second quarter of 2019.

Commenting on the results achieved in the second quarter of this year, Royal Caribbean's chairman and CEO, Jason Liberty, highlighted that in the quarter, the group reached two important milestones : " bringing back our whole global fleet in business-he explained-and obtain an operating cash flow and positive EBITDA. The propensation of consumers to travel and to cruises, Liberty found, continues to be high. We continue to record a consistent and accelerating demand for both the cruises and the on-board sales. "We continue to be a very attractive value proposition for tourists and today we have the opportunity to further reduce the gap compared to other tourist offerings on the ground," the company said in a statement.








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