The Royal Caribbean Group has scheduled a call to update the business for investors, as well as reporting earnings for the fourth quarter of 2020 and earnings for the full year 2020, Monday, February 22nd.
It is a key call for the investment community, with the company tackling the one-year-old brand without ships in service in US ports and only a small percentage of its fleet operating, with Quantum of the Seas sailing from Singapore while TUI Cruises and Hapag-Lloyd Cruises recorded lower restarts.
The company’s directors are expected to give a presentation of 15 to 25 minutes and then open it to the question of financial analysts.
What to listen to:
- Restart: When will ships actually start sailing en masse in the United States and Europe? Company executives will be pressured to respond or provide a realistic timeline. Previous comments on the 2020 restart have not been rejected.
- CDC: Company executives will provide an update on ongoing discussions with the CDC and its conditional navigation order. Since it was issued at the end of October, there have been no public updates and no technical regulations have been promised.
- Biden Administration: After the industry had profile meetings with Vice President Mike Pence in 2020, as well as a teleconference in October, what was the relationship with the new U.S. administration so far with incumbent President Joe Biden?
- Azamara: Company executives will have to comment on the sale of Azamara to a privately held company. Will other ship or brand sales follow?
- Alaska: How will the ban on Canadian cruise ships influence the Alaska season and is the idea of a waiver to operate without resorting to a foreign port realistic?
- Occupation: When ships restart, what occupation will they sail to and what occupation should they sail to generate positive earnings?
- Implementation: Could 2021 and possibly 2022 lead to an ongoing seismic change as cruise lines stay even closer to home and accept short cruises?
- Cash Burn: The Royal Caribbean Group chose not to provide an exact cash burn figure in its latest earnings version, but offered a range that averaged $ 270 million a month. Investors will look for an update.
- Start-up costs: Among the streets on the Wall are the key concerns of the costs of starting the ship, as well as the timetable for preparing a cruise ship with guests.
- Tighten: Will the company develop additional refrigeration scenarios for ships that could return to service?
