Royal Caribbean Group has scheduled a business update call for investors, as well as the 2020 Quarterly Report and 2020 Full Year Earnings on Monday, February 22nd.
It’s a key call for the investment community, as the company approaches the one-year mark with no ships in service from U.S. ports and only a small percentage of its fleet operates, with Quantum of the Seas sailing from Singapore while TUI Cruises and Hapag are -Lloyd Cruises has experienced smaller reboots.
Company executives are expected to present a 15- to 25-minute presentation and then open it to the question from financial analysts.
Why listen:
- Restart: When will ships start sailing en masse in the United States and Europe? Company executives will be pressured to respond or provide a realistic timeline. Previous observations on the 2020 restart did not stop.
- CDC: Company executives will provide an update on ongoing discussions with the CDC and its Conditional Sailing Order. Since it was aired in late October, there have been no further public updates or any technical regulations promised.
- Biden Administration: After the industry had high-profile meetings with Vice President Mike Pence in 2020, as well as a teleconference in October, what relationship has there been so far with the new U.S. administration with President Joe Biden in charge?
- Azamara: Company executives will be required 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 cruises impact the Alaska season and is the idea of a waiver to operate without having to resort to a foreign port realistic?
- Occupation: When ships are restarted, what occupation will they sail and what occupation should they sail to generate positive profits?
- Deployment: Could 2021 and possibly 2022 lead to a seismic change in deployment as cruise lines stay even closer to home and accept short cruises?
- Burned: Royal Caribbean Group chose not to provide an exact cash burn figure in its latest profit launch, but offered a range that reached $ 270 million a month. Investors will look for an update.
- Start-up costs: Among the main concerns of Wall Streets will be the start-up costs per boat, as well as the timing of preparing a boat for a cruise with guests.
- Arrange: Will the company delve into other cold setting scenarios for ships that can operate again?
