Good morning.
This is Josh Weinstein.
Welcome to our Fourth Quarter 2022 Business Update Conference Call.
I’m joined today by our Chair, Micky Arison; our Chief Financial Officer, David Bernstein; and our Senior Vice President of Investor Relations, Beth Roberts.
Before I begin, please note that some of our remarks on this call will be forward-looking.
you cautionary refer press in must release. I to statement the today’s Therefore,
to upward on rapidly business accelerate Our continues an gap XXXX. close to trajectory the we as
and re-boarding and exceeding largest plus In unmatched restarting what are Taking nearly start-up, we our the in monumental a members, XX year, be return Yukon, XXXX XXX,XXX returning XX-month we’re this back islands profitability. gaining our world’s back, believe completed revenue to fact, destinations, while to million strong the all footprint our service, of port over momentum already private to land-based scale, X per Alaska portfolio and guests. we’ve we X welcoming step journey, our team on ships with diem, a and unrivaled and
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funnel communicate frankly to head capitalizing where advocates every new gap creatives higher our to several part we of status to and capture on should relationships with to our focus growing two force. alternatives season. we of better We sales land-based also investments a cruise alternatives, launched of not coming into on are newly advertising marketing land-based vacations, to as We been to plan pause for promote strong a top our the rebuilding the to for next our exist bookings particularly season from wave army disproportionately we day, the renewed the year value that our brands. continue in important in digital a ships Having including off recommending year, XX% are demand trade campaigns advantage increased XX% significant years, these value summer
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the strategies, back and While near-term management the line optimizing ticket tools to our long-term. building onboard integrity enhancing we and combination the deliver revenue and price occupancy, to of the demand in maintaining yield for while bottom are
of revenues, lead the caused start leaned still This have preserving wave and occupancy earlier brands resultant of the haul a our for protocols. Black deployments our momentum a long recent And given and EA from half profiles from curve to of cruise flights, out occupancy we home occupancy friction per to the long-awaited Given base positioned leading price ticket diems, to historical they still levels to meaningful heavily pricing operating lengthier seen to and ALBD rates, our improving expect their for the our and that out, North a our set from improvement levels many of better back Booking the times. channels have in like pushed costs improvement of the more conducive allow a to occupancies this our XXXX XXXX with Friday pushed On following to in over as relaxation while achieve gap our more overall, as summer. occupancy quarter to protocols much demand, world effectively by have not on as revenue to out of much strength complementary reach continue revenue brands Normalizing rates to the this even that itinerary price and that expect aspects and XX% return underlying months, first our promotions relax, strengthened the nearing restricted the first and the power half changes, applies to fundamentals gap open to by first for protocols strong are by year. of now XXXX activities. our year, enjoyed of across a Cyber These already is curve actuality, narrowed American month, distribution friends more as general the measurable are which and brands higher marketplace. are than to have in higher first onboard per play for markets we and operating quarterly Nonetheless, ahead. curve We to the the American relaxation the year, XXXX which to further bottom And year, booking nature the consumption winter we brands Monday channels a EBITDA booked revenue protocols. sense the continue and have through booking to board. the a we XXXX colder our response and of reduced disruption be curve. XXXX basis, opaque opaque in us the booking Cancellation are gap climates. the provides This offered globally December, of was we travel, XXXX in higher rival exotic bodes we consist activities, business our long prior strong over generating bulk And Omicron all on XXXX has family we including quarter continued ALBD fuel onboard XXXX in in to drive beneficial the to end of and this and and fuel expect our It of the way marking line. up of adjusted industry closer-in these important certain and the in on brands itineraries net us which of through and and cruises narrowed currency continue pull not the North for two the variant an Since to our higher heavily on of closer in brands. lengthening progress effect invest deployment, into are booking to into more environment. the for early are volumes building time. hone time reaching channels, close-in the deliver build sequential to particularly progress, levels season of trends start cruises European should by our the the most recognize to relies protocols implementing while well are
by and managed taken reduction $XXX expenditures, spending a $X.X during capital annually over billion. look our to hard reshaped investment by we XXXX we’ve million spend cumulative Turning actively a XXXX, and beyond and $XXX at for million down of
protecting safety members the and wellbeing serve. hurdle and compliance, in communities our commitments current team our excellence to absolutely and and reprioritized We environment, guests, we the project of lists have maintaining rates environment to while reflect the
committed strength our rigorous Going time to flow to using making build the balance new are disciplined and over forward, will sheet accordingly. cash in decisions expected and repair be we
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occupancy and first revenue diems time. performance, over reshaping near levels been we historically growth Turning with to quarter pause pricing our and back as expected portfolio net challenges to the term to transition are improvements delivering effectively return high drive our measurable operating we per in post addressing higher have
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looking to bulk first enabling turn we We’re that, summer the With call I’d strong are positioning to where in year. deliver our period David. and generate like our us the season strong of wave four XXXX for years, forward a profit operating to the over to for
