RCCL says early 2013 booking trends encouraging
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 25 October 2012 25 October 2012
Royal Caribbean Cruises Ltd (RCCL), the second largest cruise shipping company in the world, says that while it is very early in the 2013 bookings cycle and visibility at this time is limited, the company is encouraged by the trends so far.
For the year 2013, booked load factors and average per diems are both slightly higher currently than at this same time last year. This is particularly encouraging in light of the fact that these prior year comparisons relate to bookings before the Costa Concordia incident which occurred in January 2012.
The company increased its guidance for full year earnings per share by $0.15 to a range of $1.85 to $1.95. This increase has been mainly driven by stronger than anticipated revenue (+$0.06 per share) and expense reduction (+$0.06 per share). The remaining $0.03 per share improvement is principally due to currency benefits net of oil price increases.
For the full year of 2012, Net Yields are expected to increase approximately 3% on a Constant-Currency basis and to be up 1% to 2% on an As-Reported basis. Approximately 200-250 basis points of the expected improvement in Net Yields relates to deployment initiatives and changes to the company’s international distribution system.
For the full year Net Cruise Costs (NCC), excluding fuel are expected to increase approximately 4% on a Constant-Currency basis (up 2% to 3% As-Reported). Excluding deployment initiatives and changes to the company’s distribution system, Constant-Currency NCC excluding fuel are expected to be flat to up 1%
RCCL plans third Oasis ordered by year end; seen to enter service 2016
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 25 October 2012 25 October 2012
Royal Caribbean Cruises Ltd (RCCL), the second largest cruise shipping company, says it is planning to order a third Oasis of the Seas class vessel that would enter service in 2016 if an ordered is placed.
“The company noted that it is engaged in negotiations for the possible construction of an Oasis-type newbuild that would be delivered in middle to late 2016. While the company has not entered into any agreement at this time, it hopes to do so before year’s end. The new ship is expected to cost less on a per berth basis than either of the first two Oasis-class vessels,” the company said in a statement.
“The Oasis of the Seas and Allure of the Seas have proven themselves to be exceptionally attractive ships by generating the highest guest satisfaction ratings in the fleet coupled with very compelling financial returns,” said Richard D. Fain, chairman and chief executive officer. Fain continued, “Ordering another such ship for delivery in 2016, at a lower cost, with better energy efficiency is very consistent with our balanced goals of prudent growth, return improvement and debt reduction.”
RCCL third quarter profit markedly exceeds forecast
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- Written by Kari Reinikainen Kari Reinikainen
- Category: Top Headlines Top Headlines
- Published: 25 October 2012 25 October 2012
Royal Caribbean Cruises Ltd. (RCCL), the world’s second largest cruise shipping group, announced third quarter 2012 net income of $367.8 million, or $1.68 per share, versus income of $399.0 million, or $1.82 per share, in the third quarter of 2011.
The fresh figure significantly exceeds forecast of $1.45 by industry analysts.
“Close-in bookings for the third quarter across most itineraries — including Europe — were stronger than anticipated, resulting in a Net Yield increase of 0.1% on a Constant-Currency basis. NCC (net cruise costs) excluding fuel were also better than anticipated and increased 2.0% on a Constant-Currency basis (declined 0.2% As-Reported),” the company said in a statement
“Approximately 200 basis points of the Net Yield improvement and approximately 220 basis points of the NCC excluding fuel increases during the quarter relate to previously announced deployment initiatives and changes to the company’s international distribution system,” RCCL said.
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