During its Q2 2021 earnings conference call, Royal Caribbean shared that company is reporting an adjusted net loss of $1.3 billion for the second quarter. While unfortunate, Jason Liberty, EVP and CFO, explained that Q2 2021 was also a positive “turning point” for the company. During the quarter, the company welcomed back an additional 10 ships into service (with 29 of its 60 ships now welcoming guests) and is in the processes of ramping up seven more ships to welcome guests in July. The company anticipates having 65 percent of its fleet in service at the end of Q3 2021 and 80 percent by the end of the year.
Booking Ramps Up
The company was also happy to report that it saw a significant increase in booking activities. Currently, Royal Caribbean has welcomed more than 136,000 guests on board its five brands during the first half of the year. While bookings are still below 2019 levels – due in part to reduced capacity limits for 2021 – the company has received about 50 percent more bookings in Q2 2021 that during the previous three months.