RCCL says 2015 outlook encouraging as Europe itineraries sell well
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 24 October 2014 24 October 2014
Royal Caribbean Cruises Ltd. (RCCL), the world’s second largest cruise shipping company, said the both Europeans and Americans are keen to book 2015 European cruises and that the outlook for next year is encouraging
The company is experiencing strong early booking trends for 2015. “Booked load factors and APDs are higher than same time last year and the booking window has extended. Europe sailings are off to a particularly good start, with strong booking trends from North America and from Europe. Caribbean pricing pressure continues through the first quarter, but we expect it to improve thereafter,” the company said in a statement.
“It is early days yet, but the view looking forward is very encouraging and the company is optimistic that 2015 will be the sixth consecutive year for yield growth. The company has sufficient visibility into 2015 to say that it is comfortable with the Street consensus of $4.55 per share. That would represent more than a 30% increase over this year's record profitability,” RCCL said.
"We anticipate another record year in 2015, an important step on the way to DOUBLE-DOUBLE," said Richard D. Fain, chairman and chief executive officer. "Our strategy continues to drive better revenues, and coupled with cost discipline and moderate growth, we will continue to excel."
RCCL on track seen in July as Europe, Asia shine
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 24 October 2014 24 October 2014
Royal Caribbean Cruises Ltd. (RCCL), the world’s second largest cruise shipping company, said the outlook for the rest of 2014 remains as foreseen in July, with strong markets in Europe and Asia offsetting weakness in the Caribbean.
"Despite the usual swings, the trajectory for 2014 continues along the path described three months ago," said Jason T. Liberty, chief financial officer. "Our satisfaction with the positive results in Europe and Asia continues unabated, as does our eagerness to lap the highly promotional Caribbean environment."
Bookings since the July earnings release have been solid and the company continues to be booked ahead of last year in both load factor and APD. Double-digit yield improvements on Europe and China sailings continue to offset the continuation of a highly promotional Caribbean environment.
The company expects full year adjusted EPS to be approximately $3.45 per share. Constant-Currency Net Yields are expected to increase approximately 2.5%, consistent with the mid-point of previous guidance. NCC excluding fuel are expected to be flat to slightly down on a Constant-Currency basis, consistent with prior guidance.
In the final quarter, Constant-Currency Net Yields are expected to be up approximately 3.5% in the fourth quarter of 2014 and NCC excluding fuel are expected to be up in the range of 2% to 3%. TUI Cruises' additional capacity continues to be a key contributor to earnings for the fourth quarter. Based on current fuel pricing, interest rates and currency exchange rates and the factors detailed above, the company expects fourth quarter Adjusted EPS to be in the range of $0.35 to $0.40 per share.
RCCL third quarter net profit reaches $490.2 million
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 24 October 2014 24 October 2014
Royal Caribbean Cruises Ltd. (RCCL, the world’s second largest cruise shipping group, reported third quarter results and provided a preliminary outlook for 2015.
Group net profit rose to $490.2 million in the third quarter from $365.7 million in the same period last year, while revenues increased to $2.39 billion from $2.31 billion.
In the first nine months of the year, the profit increased to $654.4 million from $466.7 million, while revenues reached$6.25 billion, an increase from $6.10 billion a year earlier.
The company said early books for 2015 are robust and that it expects earnings of $4.55 per share for next year.
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