Tag Archives: Royal Caribbean

Royal Caribbean: Cash Flow Positive in Six Months

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Independence of the seas photo credit Dave Jones 

The Royal Caribbean Group expects to be cash-flow positive in about six months, Jason Liberty, senior vice president and CFO, said on the company’s Q2 earnings call.

Liberty noted that the third and fourth quarters of this year will continue to be “painful” and cautioned that 2022 will not be a normal year although trends to normalcy should be picking up during the year.

Going from four ships in service at the end of April, the group now has 29 out of 68 ships sailing and will introduce seven more this month.

By the end of the year, Liberty said, 85 per cent of the Royal Caribbean fleet should be sailing.

As for the newbuilds, Liberty said they will be introduced on 10-month delays from when they originally were expected to enter service.

Richard Fain, chairman and CEO, noted how Royal Caribbean is focused on operating their cruises safely and safer than other vacation alternatives, while still exceeding pre-pandemic guest expectations, and doing so in a fiscally prudent manner.

He underscored that their safety protocols are working and that the ships allow them to control the environment to an unusual extent: 100 per cent of the crew is vaccinated, and in July, 92 per cent of the passengers were vaccinated.

“We have had people test positive, but since people around them have been vaccinated, it means these have been isolated cases,” Fain said. “The vaccines are the ultimate weapon and they work.

“In light of the Delta variant, we have strengthened our protocols further.

“Cruises have become the example of how best to deal with COVID-19,” Fain added.

ROYAL CARIBBEAN EXTENDS ANTHEM’S UK SEASON

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The ship returned to the UK for the first time in six years in July to restart Royal’s domestic cruise programme.

In September “eligible international guests” will also be able to sail from Southampton, subject to the latest UK government travel advice and their country of residence.

Fully vaccinated travellers from the US and EU were granted exemption from UK quarantine requirements this week.

Anthem’s British Isles sailings feature calls to Liverpool, Belfast and Kirkwall and Glasgow. All adults must be fully vaccinated and all passengers must provide a negative Covid test result before boarding.

Anthem’s extended season opened for bookings on Wednesday (4 August).

Ben Bouldin, Royal’s vice-president EMEA, said the line was “thrilled” with the response to its UK programme since restarting, with cruises achieving “peak guest satisfaction levels”.

“We welcome the recent update from the UK government, which lifted advice against international cruise travel. While this marks a positive step forward in the global return of cruise, there are still complexities to navigate when calling at multiple European ports of call from the UK,” he added.

“This, coupled with the popularity of our British Isles sailings to date, has led to our decision to extend our sailings around the British Isles, and I’m delighted to welcome international guests to experience these itineraries, starting in September.”

Port Everglades Ready For Double Ship Day For Royal Caribbean and Celebrity

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For the first time in more than 15 months, two cruise ships with passengers will be sailing from Port Everglades on the same day, Saturday, July 31 at 6PM, according to a press release.

Royal Caribbean International’s Odyssey of the Seas will sail on her inaugural cruise.

At the same time, Celebrity Cruises’ Celebrity Edge will depart on her sixth voyage since kicking off the industry’s restart on June 26 from Port Everglades, according to the port. 

Broward County visitors and residents are invited to watch the ships sail from the south end of Fort Lauderdale Beach or from Dr Von D. Mizell-Eula Johnson State Park in Hollywood, or join the sail-away from the water on Facebook Live @port.everglades.

In addition, Celebrity’s Celebrity Equinox is scheduled to sail on its second voyage on Sunday, August 1, for a total of three ships sailing during the off-season summer months.

“It’s starting to look a lot like a cruise port here again,” said Port Everglades Chief Executive and Port Director Jonathan Daniels. “After no passengers or revenue for at least 15 months, and significant job loss, it is a greatly welcome re-start. The cruise lines and the port are doing all they can to enforce safe protocols to continue sailing.”

“The vaccine is a game-changer that will inject tourism dollars into our community,” said Broward County Mayor Steve Geller. “Approximately 6,000 local workers have been directly impacted by the cruise shutdown and another 84,000 residents were employed in the local hospitality and tourism industry. Those jobs have been severely impacted by the virus and the pause in cruise travel.”