The Royal Caribbean Group has scheduled a business update call for investors, as well as a earnings report for the fourth quarter of 2020 and the full year of 2020, on Monday, February 22.
It is a fundamental appeal to the investment community, with the company approaching the one-year mark with no ships in service in U.S. ports and only a small percentage of its fleet in operation, with Quantum of the Seas leaving Singapore, while TUI Cruises and Hapag -Lloyd Cruises saw minor reboots.
Company executives are expected to give a 15-25 minute presentation and then open for questions from financial analysts.
What to hear:
- 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 about the 2020 restart did not work.
- CDC: Will company executives provide an update on ongoing discussions with the CDC and its Conditional Sailing Order? Since it was published in late October, there have been no further public updates or promised technical regulations.
- Biden administration: After the industry had high-level meetings with Vice President Mike Pence in 2020, as well as a conference call in October, what has been the relationship with the new US administration so far with President Joe Biden in office?
- Azamara: Company executives will need to comment on the sale of Azamara to a private equity firm. Will other sales of ships or brands follow?
- Alaska: What will be the impact of the ban on cruise ships in Canada in the Alaskan season and is the idea of an exemption to operate non-stop at a foreign port realistic?
- Occupation: When ships restart, what occupation do they sail in and what occupation do they need to sail to generate positive gains?
- Deployment, development: 2021 and possibly 2022 could lead to a seismic shift in the deployment, as cruise lines get even closer to home and embrace short cruises?
- Cash Burn: The Royal Caribbean Group chose not to provide an accurate cash consumption figure in its latest earnings release, but offered a range that averaged $ 270 million a month. Investors will be looking for an update.
- Startup costs: Among the main concerns of Wall Streets will be the start-up costs per ship, as well as the schedule to prepare a ship for the cruise with guests.
- Lay Up: Will the company develop other cold storage scenarios for ships that can return to service last?
