Royal Caribbean CEO Says Most Ships Will Sail by Year-End

Richard Fain, CEO of Royal Caribbean, discusses the company's return to sea post-pandemic. He highlights the safety measures in place, including a 99% vaccination rate on board. Fain addresses vaccination policies for employees and guests, fleet operations, and capacity constraints. He notes the enthusiasm of the crew and the strong forward bookings for 2022 and 2023. Despite operating at reduced capacity, the company is optimistic about returning to financial stability and investment-grade ratings.

What percentage of people on board the ship have been vaccinated?

• 99%

• 95%

• 100%

• 90%

What legal restriction is mentioned regarding vaccination mandates in Florida?

• It applies to both customers and employees.

• There are no legal restrictions.

• It applies only to customers.

• It applies only to employees.

What is the current percentage of unvaccinated guests on board?

• 10%

• 5%

• 15%

• 1%

What is the expected timeline for Royal Caribbean to have the majority of its fleet back in operation?

• By next summer

• In two years

• By next spring

• By the end of the year

What challenge is mentioned regarding staffing for Royal Caribbean?

• Increased salary demands

• Lack of interest from potential employees

• Restrictions in countries like India

• High turnover rates

What is the sentiment of the crew towards returning to work?

• Reluctant

• Indifferent

• Unenthusiastic

• Highly enthusiastic

What is the outlook for Royal Caribbean's forward bookings for 2022 and 2023?

• Uncertain

• Declining

• Stable

• Very positive