Rare twangster Posted October 29, 2020 #1626 Share Posted October 29, 2020 6 minutes ago, livingonthebeach said: Stock price down - market flat - both CCL and NCLH up - what gives? The big three seem to be tracking in general terms. Too early to call, trading just started. Link to comment Share on other sites More sharing options...
Rare livingonthebeach Posted October 29, 2020 #1627 Share Posted October 29, 2020 3 minutes ago, twangster said: The big three seem to be tracking in general terms. Too early to call, trading just started. Market opened an hour ago and it was flat and only RCL stock down while NCLH and CCL were up. I see RCL just ticked up a bit. Was thinking maybe the investor lawsuit had something to do with it but doesn’t seem like it. Link to comment Share on other sites More sharing options...
yogimax Posted October 29, 2020 #1628 Share Posted October 29, 2020 21 minutes ago, molly361 said: No restart news I guess? 10:35 ET - Royal Caribbean is planning for a gradual return to service in 1H, Finance Chief Jason Liberty says. "The ramp up will not be a light switch," Liberty says on a conference call. The company has paused sailings through the end of November, a month past the CDC's expiration of its cruising ban this Saturday. Spring cruises will be focused on short sailings from key dry markets in the US and Asia-Pacific regions, Liberty says. The company will make the most out of its private island in the Bahamas, he adds. "Bookings for the spring season have remained below pre-COVID-19 levels, which is consistent with our staggered return to service approach and lower planned occupancy expectations," Liberty says. Link to comment Share on other sites More sharing options...
molly361 Posted October 29, 2020 #1629 Share Posted October 29, 2020 (edited) 8 minutes ago, yogimax said: 10:35 ET - Royal Caribbean is planning for a gradual return to service in 1H, Finance Chief Jason Liberty says. "The ramp up will not be a light switch," Liberty says on a conference call. The company has paused sailings through the end of November, a month past the CDC's expiration of its cruising ban this Saturday. Spring cruises will be focused on short sailings from key dry markets in the US and Asia-Pacific regions, Liberty says. The company will make the most out of its private island in the Bahamas, he adds. "Bookings for the spring season have remained below pre-COVID-19 levels, which is consistent with our staggered return to service approach and lower planned occupancy expectations," Liberty says. Interesting. Wonder what happened to winter? And what is 1H? Edited October 29, 2020 by molly361 1 1 Link to comment Share on other sites More sharing options...
Milwaukee Eight Posted October 29, 2020 #1630 Share Posted October 29, 2020 1 minute ago, molly361 said: Interesting. Wonder what happened to winter? Wondering the same. Sounds more and more like the March start. M8 Link to comment Share on other sites More sharing options...
yogimax Posted October 29, 2020 #1631 Share Posted October 29, 2020 3 minutes ago, molly361 said: Interesting. Wonder what happened to winter? As we say here in NYC... Fuggedaboutit With new COVID cases dramatically on the rise here and in Europe, there is no way any cruising will take place in the winter. Link to comment Share on other sites More sharing options...
molly361 Posted October 29, 2020 #1632 Share Posted October 29, 2020 4 minutes ago, Milwaukee Eight said: Wondering the same. Sounds more and more like the March start. M8 Just now, yogimax said: As we say here in NYC... Fuggedaboutit With new COVID cases dramatically on the rise here and in Europe, there is no way any cruising will take place in the winter. What is 1H? He said "return to service in 1H" One hour LOL Link to comment Share on other sites More sharing options...
Rare twangster Posted October 29, 2020 #1633 Share Posted October 29, 2020 Just now, molly361 said: What is 1H? He said "return to service in 1H" One hour LOL First half I imagine. 1 Link to comment Share on other sites More sharing options...
Milwaukee Eight Posted October 29, 2020 #1634 Share Posted October 29, 2020 1 minute ago, molly361 said: What is 1H? He said "return to service in 1H" One hour LOL I guessed 1H is short for 1st Half of the year. Link to comment Share on other sites More sharing options...
yogimax Posted October 29, 2020 #1635 Share Posted October 29, 2020 8 minutes ago, molly361 said: What is 1H? He said "return to service in 1H" One hour LOL Yes, first half of the year which is quite a wide range... January 1st to June 30th 1 Link to comment Share on other sites More sharing options...
Rare twangster Posted October 29, 2020 #1636 Share Posted October 29, 2020 FWIW - they were asked if the European cruises were breaking even. Answer was to the effect sort of, more or less, before considering fixed costs. 1 Link to comment Share on other sites More sharing options...
Rare livingonthebeach Posted October 29, 2020 #1637 Share Posted October 29, 2020 2 minutes ago, twangster said: FWIW - they were asked if the European cruises were breaking even. Answer was to the effect sort of, more or less, before considering fixed costs. Were they referring to TUI? More or less breaking even doesn’t sound very promising. Link to comment Share on other sites More sharing options...
Milwaukee Eight Posted October 29, 2020 #1638 Share Posted October 29, 2020 5 minutes ago, livingonthebeach said: Were they referring to TUI? More or less breaking even doesn’t sound very promising. The key. Before considering fixed costs. 1 Link to comment Share on other sites More sharing options...
Rare livingonthebeach Posted October 29, 2020 #1639 Share Posted October 29, 2020 (edited) 12 minutes ago, Milwaukee Eight said: The key. Before considering fixed costs. So that means not breaking even - even worse. Stock just went down again. Edited October 29, 2020 by livingonthebeach 1 Link to comment Share on other sites More sharing options...
Rare twangster Posted October 29, 2020 #1640 Share Posted October 29, 2020 18 minutes ago, livingonthebeach said: Were they referring to TUI? More or less breaking even doesn’t sound very promising. Is Hapag Lloyd sailing? They said Silversea had resumed some cruises but SS just pulled everything through December off their website. Not entirely sure but assume TUI factored into that statement. Link to comment Share on other sites More sharing options...
Rare twangster Posted October 29, 2020 #1641 Share Posted October 29, 2020 It seems SilverSea has a ship do Saudi charters at the moment. Any revenue coming in is better than lighting piles on cash on fire and watching it burn. 1 Link to comment Share on other sites More sharing options...
Rare livingonthebeach Posted October 29, 2020 #1642 Share Posted October 29, 2020 8 minutes ago, twangster said: Is Hapag Lloyd sailing? They said Silversea had resumed some cruises but SS just pulled everything through December off their website. Not entirely sure but assume TUI factored into that statement. Silversea had one charter sailing and Hapag Lloyd is sailing as well as TUI. Maybe with the Quantum Singapore sailings they’ll at least break even. 1 Link to comment Share on other sites More sharing options...
Rare twangster Posted October 29, 2020 #1643 Share Posted October 29, 2020 31 minutes ago, livingonthebeach said: Silversea had one charter sailing and Hapag Lloyd is sailing as well as TUI. Maybe with the Quantum Singapore sailings they’ll at least break even. I think a true break even is months away. Right now it's more a bandaid on a large gash trying to slow the bleed. 1 Link to comment Share on other sites More sharing options...
Hoopster95 Posted October 29, 2020 #1644 Share Posted October 29, 2020 3 hours ago, yogimax said: 10:35 ET - Royal Caribbean is planning for a gradual return to service in 1H, Finance Chief Jason Liberty says. "The ramp up will not be a light switch," Liberty says on a conference call. The company has paused sailings through the end of November, a month past the CDC's expiration of its cruising ban this Saturday. Spring cruises will be focused on short sailings from key dry markets in the US and Asia-Pacific regions, Liberty says. The company will make the most out of its private island in the Bahamas, he adds. "Bookings for the spring season have remained below pre-COVID-19 levels, which is consistent with our staggered return to service approach and lower planned occupancy expectations," Liberty says. Get ready for the tens (if not hundreds) of "my itinerary has changed", "my ship has been changed", "my ship has been sold", "my cruise has been cancelled", "my 20 FCC's I have are going to be useless" etc threads in the next few months. 2 1 Link to comment Share on other sites More sharing options...
yogimax Posted October 29, 2020 #1645 Share Posted October 29, 2020 49 minutes ago, Hoopster95 said: Get ready for the tens (if not hundreds) of "my itinerary has changed", "my ship has been changed", "my ship has been sold", "my cruise has been cancelled", "my 20 FCC's I have are going to be useless" etc threads in the next few months. You are probably correct. Also note the admission that Spring bookings are below pre-COVID levels. Link to comment Share on other sites More sharing options...
Blizzard54 Posted October 29, 2020 #1646 Share Posted October 29, 2020 1 hour ago, Hoopster95 said: Get ready for the tens (if not hundreds) of "my itinerary has changed", "my ship has been changed", "my ship has been sold", "my cruise has been cancelled", "my 20 FCC's I have are going to be useless" etc threads in the next few months. That should not be a surprise to anyone that has been following the situation, They have been indicating this sort of start up for a long time. Link to comment Share on other sites More sharing options...
Ocean Boy Posted October 29, 2020 #1647 Share Posted October 29, 2020 I tend to think that ships are going to be far more empty that RCI thinks. With CWC plenty of people are probably waiting until closer to sailing to pull the plug on going. This isn't like the past where they would have a pretty good idea by final payment who was going and was not. I already cancelled January as there won't be enough time to get feedback on how things are going on the ships and I just don't want to have to deal with having a FCC and a deadline for using it. 1 Link to comment Share on other sites More sharing options...
Hoopster95 Posted October 29, 2020 #1648 Share Posted October 29, 2020 59 minutes ago, Blizzard54 said: That should not be a surprise to anyone that has been following the situation, They have been indicating this sort of start up for a long time. I agree. Shouldn't be ... however an excess number of threads/posts on this forum over the past 7-8 months from quite a few people in immense denial, yet they have the same overabundance of information as anyone else. 2 Link to comment Share on other sites More sharing options...
Rare twangster Posted October 29, 2020 #1649 Share Posted October 29, 2020 1 hour ago, Ocean Boy said: I tend to think that ships are going to be far more empty that RCI thinks. With CWC plenty of people are probably waiting until closer to sailing to pull the plug on going. This isn't like the past where they would have a pretty good idea by final payment who was going and was not. I already cancelled January as there won't be enough time to get feedback on how things are going on the ships and I just don't want to have to deal with having a FCC and a deadline for using it. I tend to think ships will be a lot more empty than what CC users think. I think Royal knows exactly how empty the ships will be. They won't say that publically and neither would I if it was my company. 3 Link to comment Share on other sites More sharing options...
Ourusualbeach Posted October 29, 2020 #1650 Share Posted October 29, 2020 24 minutes ago, twangster said: Royal knows exactly how empty the ships will be. Social distancing definitely will not be a problem. Link to comment Share on other sites More sharing options...
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