Royal Caribbean Group said total revenues for 2024 were $16.5 billion, an increase of $2.6 billion (18.6%) from $13.9 billion in 2023. Capacity increased 7.8% in the same period.

1. 01

   Royal Caribbean Group said total revenues for 2024 were $16.5 billion, an increase of $2.6 billion (18.6%) from $13.9 billion in 2023. Capacity increased 7.8% in the same period.

2. 02

   The company said net income attributable to Royal Caribbean Cruises Ltd. for 2024 was $2.9 billion, or $10.94 per share on a diluted basis, and adjusted net income attributable to Royal Caribbean Cruises Ltd. was $3.2 billion, or $11.80 per share on a diluted basis, compared to $1.7 billion and $1.8 billion, respectively, for 2023.

3. 03

   Royal Caribbean Group said interest expense, net of interest capitalized, for 2024 increased $188 million to $(1.6) billion. The company cited loss on extinguishment of debt of $344 million and inducement expense of $119 million as factors in the increase.

4. 04

   The company said liquidity as of December 31, 2024 was $4.1 billion. As of the same date, the total cost of new ship orders was approximately $7.8 billion, of which $815 million had been deposited.

Key figures

Fiscal year ended December 31, 2024

Revenue

$16.5B

Operating income

$4.1B

Net income

$2.9B

EPS

$10.94

Operating cash flow

$5.3B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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