Welcome to our dedicated page for Royal Caribbean Group news (Ticker: RCL), a resource for investors and traders seeking the latest updates and insights on Royal Caribbean Group stock.
Royal Caribbean Group (NYSE: RCL), a global leader in cruise vacations, provides innovative travel experiences through brands like Royal Caribbean International and Celebrity Cruises. This page serves as the definitive source for verified company news, offering stakeholders timely updates on operational and financial developments.
Access press releases covering earnings reports, sustainability initiatives, fleet innovations, and strategic partnerships. Investors will find essential updates on market positioning, while industry observers gain insights into maritime tourism trends. All content is curated to meet the needs of financial professionals and travel enthusiasts alike.
Explore announcements about new ship launches, itinerary expansions, and environmental stewardship programs. Our collection ensures transparency about RCL’s operational milestones and corporate governance. Bookmark this page to stay informed about one of the cruise industry’s most dynamic players.
On March 8, 2021, Celebrity Cruises commemorated the first all-female bridge and onboard leadership team that set sail a year prior. This historic event, which was overshadowed by the pandemic, marked a significant milestone in the maritime industry. The team reunited virtually to reflect on their experiences and challenges during the past year. Celebrity Cruises aims to enhance diversity in maritime roles, increasing female representation from 3% to 28% on bridge teams. The cruise line is preparing to resume operations safely with a focus on health protocols.
Royal Caribbean Group (NYSE: RCL) announced the completion of its public offering of 16,938,148 shares of common stock. The net proceeds will be utilized for general corporate purposes. Leading the offering were Morgan Stanley and BofA Securities, with Perella Weinberg Partners serving as an independent financial advisor. A shelf registration statement for the common stock has been filed with the SEC, ensuring compliance. The offering was not a solicitation for shares in jurisdictions where such offers would be illegal.
The new Odyssey of the Seas has successfully completed its conveyance at Meyer Werft shipyard, marking a significant milestone in its construction. This 169,000-gross-ton ship, measuring 1,138 feet long, features innovative amenities like SeaPlex, a diverse dining experience including Giovanni's Italian Kitchen, and cutting-edge entertainment. The ship will debut in Haifa, Israel this May before starting its inaugural North American season in November, offering itineraries to the Greek Isles and Caribbean destinations.
Royal Caribbean Group (NYSE: RCL) has priced a public offering of 16,938,148 shares of common stock at $91.00 per share. The offering is set to close on March 3, 2021, pending customary conditions. Proceeds from this offering will be utilized for general corporate purposes. Morgan Stanley and BofA Securities are the lead underwriters. The company's shelf registration statement with the SEC is effective, allowing the sale of these shares. Investors should be aware of potential risks, particularly related to COVID-19 and its impacts on operations.
Royal Caribbean Group (NYSE: RCL) announced a public offering of $1.5 billion in common stock as of March 1, 2021. The proceeds will be used for general corporate purposes. Morgan Stanley is the underwriter for this offering, which follows a shelf registration statement effective with the SEC. A preliminary prospectus supplement will be filed with the SEC and is available on their website. The company cautioned that forward-looking statements regarding financial performance may be subject to risks, particularly from the COVID-19 pandemic.
Royal Caribbean International is set to commence its inaugural sailing from Israel in May 2021, featuring the new Odyssey of the Seas. Offering 3- to 7-night cruises to destinations like the Greek Isles and Cyprus, bookings will open on March 9. The ship boasts innovative amenities such as the two-level SeaPlex and a variety of dining options. CEO Michael Bayley emphasized the importance of this venture, and Israeli Prime Minister Benjamin Netanyahu highlighted its economic significance, given Israel's success in vaccination efforts.
Royal Caribbean Group (NYSE: RCL) reported a significant net loss of $(5.8) billion for the fiscal year 2020, compared to a net income of $1.9 billion in 2019, due to the COVID-19 pandemic's impact. The fourth quarter saw a net loss of $(1.4) billion or $(6.09) per share. The company has focused on enhancing liquidity, raising approximately $9.3 billion in new capital, and implementing health protocols for a phased resumption of cruise operations. Despite challenges, there is optimism for recovery as vaccination efforts progress, and bookings for future cruises are reportedly strong.
On February 22, 2021, at 10:00 a.m. ET, Royal Caribbean Group (NYSE: RCL) will host a conference call to discuss its fourth-quarter 2020 financial results and provide a business update. Investors can access the call on the company's investor relations website or by dialing in at (877) 663-9606 for U.S. participants or (706) 758-4628 for international calls. A replay will be available for one month after the event. Royal Caribbean Group operates four global cruise brands and has 61 ships in operation with 15 more on order as of December 31, 2020.
Royal Caribbean Group (NYSE: RCL) has agreed to sell its Azamara brand to Sycamore Partners for $201 million. This all-cash transaction, which includes Azamara's three ships and intellectual property, is expected to close in the first quarter of 2021. The sale allows Royal Caribbean to focus resources on its main brands: Royal Caribbean International, Celebrity Cruises, and Silversea. A one-time, non-cash impairment charge of approximately $170 million will be incurred, but the transaction is not anticipated to materially affect future financial results.
Royal Caribbean International announces its inaugural homeporting in Barbados starting winter 2021, featuring the cruise ship Grandeur of the Seas. Travelers can explore the Southern Caribbean through three new itineraries with unique ports including Tobago, Trinidad, and St. Vincent. The offerings include 7-night and 14-night sailings with various destinations such as Grenada, Aruba, and Colombia. The company emphasizes the beauty and culture of Barbados as an ideal starting point for cruises.
