Profit

[jobinseattle]

With all these big fancy ships I am sure they cost a pretty penny to build. How long do you think they are in service before turning a profit?

 

Thanks

[Biker19]

1 hour ago, jobinseattle said:

How long do you think they are in service before turning a profit?

Only the RCI bean counters know the ship level financial details - everything else is a WAG.

[jobinseattle]

39 minutes ago, Biker19 said:

Only the RCI bean counters know the ship level financial details - everything else is a WAG.

Now that I thought about it, that probably is a insider secret only a few actually know.

[Biker19]

1 minute ago, jobinseattle said:

Now that I thought about it, that probably is an insider secret only a few actually know.

The SEC filing for RCL usually lists the mortgage on each ship and from that you can make a WAG.

[instaGator]

Other people have already done the WAGs.  The beauty of the ship builder provided financing is that the new ships will turn a profit from day one.  Here are some links with good info:  https://www.cruzely.com/the-3-4-million-per-day-cruise-ship-estimating-how-much-icon-of-the-seas-earns/      https://www.royalcaribbeanblog.com/2022/08/01/heres-how-much-royal-caribbean-makes-each-passenger    https://www.offshore-energy.biz/royal-caribbean-scores-usd-3-bn-loan-for-icon-duo/    

[Cigar King]

[chengkp75]

At double occupancy typically the cruise fares cover all the overhead. Onboard spending provides the profits 

[Oceansaway17]

It is called fancy accounting and no one person may understand it all. 

[Robo1098]

At the current pricing I wouldn't worry about the profit margin. I would worry about the sustainability at the current pricing. 

[nelblu]

Positive cash flow is king.

[Eddie Wilson]

Five out of four Americans have trouble with fractions.

 

Eddie