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Royal Caribbean Group reports on 2021 results

For the full year, the company reported US GAAP Net Loss of USD (5.3) billion compared to US GAAP Net Loss of USD (5.8) billion in the prior year. The company also reported Adjusted Net Loss of USD (4.8) billion for the full year 2021 compared to Adjusted Net Loss of USD (3.9) billion in the prior year.

"2021 marked the beginning of our return to our mission of delivering the very best vacation experiences," said Jason Liberty, president and chief executive officer of the Royal Caribbean Group. "During 2021, we made significant progress toward our recovery with over 85% of our capacity returning to operations and delivering safe and memorable experiences to approximately 1.3 million guests at record guest satisfaction scores. Our team has worked tirelessly to execute our successful and healthy return, and we are grateful for their extraordinary efforts."

"We expect 2022 will be a strong transitional year, as we bring the rest of our fleet back into operations and well-nigh historical occupancy levels," Liberty said. "Omicron created short-term operational challenges that have unfortunately weighed on close-in bookings. While the timing of Omicron was particularly unfortunate for the first half of 2022 bookings and will likely delay our return to profitability by a few months, we do not expect it to impact our overall recovery trajectory and the strong demand for cruising."

Full report https://www.rclinvestor.com/press-releases/release/?id=1585

Feb 04 2022


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