Royal Caribbean Group - RCL STOCK NEWS

Royal Caribbean Group (NYSE: RCL) reported a second quarter 2022 net loss of $(0.5) billion or $(2.05) per share, an improvement from $(1.3) billion loss in the same quarter last year. Despite the loss, results exceeded expectations due to strong demand, improved onboard revenue, and cost performance. Operating cash flow and EBITDA were positive. Load factors reached 82%, with expectations of around 95% in Q3. The company has a robust liquidity position of $3.3 billion and anticipates revenues between $2.9 billion and $3.0 billion in Q3. The fleet is fully operational, and advanced bookings for 2023 are strong.

Royal Caribbean Group (NYSE: RCL) has announced a conference call scheduled for 10:00 a.m. Eastern Time on July 28, 2022, to discuss second quarter financial results and provide a business update. The call will be accessible via a live webcast on the company's investor relations website. A replay will be available for 30 days post-call. As a leading cruise company, Royal Caribbean Group operates 63 ships and has 10 additional vessels on order as of June 30, 2022.

Royal Caribbean Group (NYSE: RCL) has secured court approval for the acquisition of the ultra-luxury cruise ship Endeavor for $275 million. The ship, originally built for Crystal Cruises, will be renamed Silver Endeavour and added to Silversea Cruises' fleet. The acquisition is fully financed through a 15-year unsecured term loan, with no initial amortization payments. This move aims to enhance Silversea's market position and profitability in the growing ultra-luxury expedition sector. Silver Endeavour is set for its inaugural service in Antarctica starting November 2022.

Celebrity Cruises has launched its first NFT collection, Peacemakers Sunset, designed by renowned artist Rubem Robierb. This collection includes exclusive invitations for two to the naming ceremony of the new ship, Celebrity Beyond, in Fort Lauderdale from November 4-6, 2022. The NFT collection consists of five motion art pieces and will be available for purchase on OpenSea starting June 1. Proceeds from sales will support the artist, while the NFTs can be resold. This initiative marks Celebrity's entry into the digital art space, showcasing its commitment to innovation in the cruising experience.

Royal Caribbean Group (NYSE: RCL) has published its 14th annual sustainability report, outlining a revamped Environmental, Social, and Governance (ESG) framework. This report emphasizes initiatives aimed at reducing emissions and promoting sustainable tourism. Key highlights include the Destination Net Zero strategy, which targets net zero emissions by 2050, and a five-year partnership with the World Wildlife Fund. The report details innovative measures such as fuel-cell hybrid designs for ships and waste management technologies. Overall, RCL aims to lead in responsible vacation experiences while decarbonizing its operations.

Celebrity Cruises has announced that renowned gymnast Simone Biles will serve as the godmother for its newest ship, Celebrity Beyond, during a ceremony on November 4, 2022, in Fort Lauderdale. Biles, a 19-time World Champion and seven-time Olympic Medalist, joins an esteemed group of godmothers for Celebrity’s Edge Series ships, including Nobel Laureate Malala Yousafzai. The Celebrity Beyond, highlighted for its luxurious features, began its inaugural season on April 27, 2022, sailing from Europe to the Caribbean.

Royal Caribbean International is launching a TikTok contest to find the Godmother for its newest ship, Wonder of the Seas. The contest, which runs until May 16, invites U.S. users to nominate inspiring mothers by sharing videos on TikTok. The winner will be announced this summer and will participate in the ship's December naming ceremony in Port Canaveral, Florida. The Godmother will enjoy a special cruise and a family vacation, highlighting the ship's unique features like the Ultimate Family Suite and Wonder Playscape.

Royal Caribbean Group (NYSE: RCL) reported a Q1 2022 operating loss of $(1.2) billion or $(4.58) per share, slightly worse than last year's $(1.1) billion loss. Despite challenges from Omicron and the Ukraine conflict, strong demand for cruising is evident, with improving load factors and record revenue per Passenger Cruise Day. The Group expects to return its full fleet to operations by summer 2022, anticipating a return to profitability in the second half of the year. Liquidity remains strong at $3.8 billion, although inflationary pressures and health protocols pose challenges.

Royal Caribbean's Wonder of the Seas has arrived in Barcelona, marking the start of summer Mediterranean cruises. From May 8, it will offer 7-night itineraries to popular destinations, including Florence, Naples, and Malaga. This ship features eight distinct neighborhoods, including the new Suite Neighborhood, and a variety of activities from dining at the Mason Jar Southern Restaurant to outdoor adventures at Wonder Playscape. With more than 40 dining options and original entertainment, it aims to provide memorable experiences this summer and beyond.