Royal Caribbean Reports

JoeyandDavid · April 23, 2009

Key Highlights

First quarter 2009 net loss was $36.2 million, or $0.17 per share, compared to net income of $75.6 million, or $0.35 per share in 2008. The results were significantly better than prior guidance of a loss of between $0.30 - $0.35.
Net Yields for the first quarter decreased 13.5% versus 2008, better than the company's guidance of down 14% to 16%.
Net Cruise Costs per APCD ("NCC") declined 7.0%, better than guidance of down 4% - 6%.
NCC excluding bunker, declined 6.8% as compared to the first quarter of 2008 and versus guidance of a decrease of 5% to 7%. The improved cost control carries forward to provide expected full year NCC excluding bunker of down 6%-8%.
For the year, the company projects revenue yields to be toward the lower end of its previous guidance (12%) - (13%).
The slightly reduced revenue expectations are largely offset by the improved cost outlook and are expected to result in 2009 earnings per share of around $1.35.
As of March 31, the company had $1.1 billion in liquidity and expects to generate over $1 billion in operating cash flow in 2009.
The company recently received commitments for financing of Royal Caribbean International's Oasis of the Seas and signed credit agreements for Celebrity Equinox and Celebrity's fourth Solstice-class vessel scheduled to enter service in 2011.

Here now are further details

http://finance.yahoo.com/news/Royal-Caribb...09325.html?.v=1

coloradocruisers · April 23, 2009

Thanks Joey. Not good news, but I guess it could have been worse.

JoeyandDavid · April 23, 2009

Thanks Joey. Not good news, but I guess it could have been worse.

Kevin?? what do you mean not good?? I call this excellent news!.. I feel you have to consider the economy,

they were expected to lose 35 cents per share 1Q when in fact they lost only 17 cents .. about half of what most anyslists called for they also projected looking forward they will stand a good chance of breaking even or making a small penny profit per share 2quarter.. Personally I think this is excellent news..

But what do I know .. I am A Joey.. :wacko:

coloradocruisers · April 23, 2009

Thanks Joey. Not good news, but I guess it could have been worse.

Kevin?? what do you mean not good?? :

Joey, I simply meant that most businesses like to achieve a profit rather than a loss. Anytime they run into the red, it is not good news. Relative to what the analysts predicted, it is not as bad as it could have been; but if I were their CEO, I wouldn't be breaking out the champagne over a loss.