Royal Caribbean Group reported fourth quarter 2022 Loss per Share of $(1.96) and Adjusted Loss per Share of $(1.12). These results exceeded the company’s guidance due to better pricing on close-in demand, strong onboard spend, favorable timing of operating costs, and lower interest expense.
“2022 was a pivotal year as we successfully returned our business to full operations and delivered memorable vacation experiences to 6 million guests,” said Jason Liberty, president and chief executive officer, Royal Caribbean Group. “We also returned to positive Adjusted EBITDA and Operating Cash Flow by consistently growing revenue and controlling costs. Our teams have worked tirelessly to deliver the best vacation experiences, responsibly, and we are grateful for their extraordinary efforts.”
“We are experiencing a record-breaking WAVE season, resulting in a booked position approaching previous record highs and at higher prices. This, along with the normalization of our booking window, provides the visibility for us to provide annual guidance, which is in line with our Trifecta program,” added Liberty. “The combination of our industry-leading global brands, most innovative fleet, nimble sourcing and our continued focus on profitability positions us well to deliver record yields and Adjusted EBITDA in 2023.”