Earnings release
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GE FOR IMMEDIATE RELEASE ROYAL CARIBBEAN GROUP REPORTS SECOND QUARTER 2021 RESULTS AND LATEST UPDATES ON RESUMPTION OF SERVICE Royal Caribbean Group MIAMI - August 4 , 2021 – Royal Caribbean Group ( NYSE : RCL ) today reported financial results for the second quarter of 2021 and provided business updates on the resumption of service . The Group has made tremendous strides in resuming service both in the United States and globally and is encouraged by the significant improvement in demand and pricing environments for cruises . Resumption of Sailing and Business Highlights The resumption of service is being implemented at a very fast pace . ● ● Exhibit 99.1 ● ● " We're thrilled to be back on the water at accelerated speed in the US and elsewhere . After 16 months of being at a virtual standstill and another painful financial result this quarter , the flywheel is clearly picking up momentum , ” said Richard D. Fain , Chairman and CEO . " Since the pandemic began , our objective has been to make our ships safer than Main Street , and today , we are proving that ambitious goal is achievable . We are also encouraged by the booking outlook especially for 2022 and beyond . " Already , the Group is operating 29 ships across its five brands , representing 42 % of capacity . By the end of this month , the Group expects to be operating 36 ships , representing over 60 % of its capacity . The Company anticipates having 80 % of its capacity in service by end of year 2021 . Booked load factor for 2022 is within historical ranges . Prices for 2022 are up versus a record - setting 2019 , even including the dilutive impact of future cruise credits ( FCCs ) . Customer Deposits have increased $ 530 million from last quarter to $ 2.4 billion . The Company ended the second quarter with $ 5.0 billion of liquidity . 1