RCL · Royal Caribbean Group Q2 FY2026 earnings call record财报电话会记录

“Revenue in the second quarter grew 6% year-over-year, earnings were 8% higher than guidance, and we returned over $600 million of capital to investors through dividends and share repurchases.”

“Since our April earnings call, the ongoing conflict in the Middle East has modestly weighed on bookings for some of our deployment in the near term, which primarily impacts the third quarter.”

“As a result, we are reaffirming our yield guidance for the year of 1.75%-2.25% as we grow our capacity 6.6% to deliver approximately double-digit improvement in absolute revenue and double-digit improvement in earnings per share for 2026.”

“Capacity increased 5% year-over-year, and total revenue grew 6%.”

“Net yields were up 1.2%, which was 100 basis points higher than our guidance, driven by better-than-expected close-in demand, including strong onboard revenue primarily for Caribbean products.”

“The ongoing geopolitical situation has affected near-term travel plans for some consumers, primarily preferring closer destinations over international trips due to the cost of air travel.”

“Consumers tell us that they are booking closer in due to flexibility and ease, which is reflected in the strong close-in booking volumes we have been seeing.”

“Adjusted EBITDA was $1.8 billion, EBITDA margin was 38%, and operating cash flow was $1.9 billion.”

“While still very early, booking trends for 2027 are encouraging and pacing ahead of historical levels, including for itineraries where demand was impacted by geopolitical events this year.”

“During the second quarter, we paid $404 million of dividends and repurchased 0.8 million shares.”

“Obviously, the results of geopolitical activity in the region and the impact on fuel, et cetera, did curtail to a degree, the demand for Europe.”

“I think that's why we see a very resilient consumer across all of our brands, which are all different segments, obviously, that are out there.”