0000950144-01-507416.txt : 20011009
0000950144-01-507416.hdr.sgml : 20011009
ACCESSION NUMBER: 0000950144-01-507416
CONFORMED SUBMISSION TYPE: 6-K
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20010930
FILED AS OF DATE: 20011001
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: ROYAL CARIBBEAN CRUISES LTD
CENTRAL INDEX KEY: 0000884887
STANDARD INDUSTRIAL CLASSIFICATION: WATER TRANSPORTATION [4400]
IRS NUMBER: 980081645
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 6-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11884
FILM NUMBER: 1749681
BUSINESS ADDRESS:
STREET 1: 1050 CARIBBEAN WAY
CITY: MIAMI
STATE: FL
ZIP: 33132
BUSINESS PHONE: 3055396000
MAIL ADDRESS:
STREET 1: 1050 CARIBBEAN WAY
CITY: MIAMI
STATE: FL
ZIP: 33132
FORMER COMPANY:
FORMER CONFORMED NAME: RA HOLDINGS INC
DATE OF NAME CHANGE: 19920424
6-K
1
g71968e6-k.txt
ROYAL CARIBBEAN CRUISES
1
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
--------------------------------
PURSUANT TO RULES 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF SEPTEMBER, 2001
---------------
ROYAL CARIBBEAN CRUISES LTD.
1050 CARIBBEAN WAY, MIAMI, FLORIDA 33132
----------------------------------------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
[Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.]
FORM 20-F [X] FORM 40-F [ ]
[Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.]
YES [ ] NO [X]
[If "Yes" is marked indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-_____.]
2
Contact: Lynn Martenstein or Erin Williams
(305) 539-6570 or (305) 539-6153
For Immediate Release
ROYAL CARIBBEAN PROVIDES BUSINESS UPDATE
MIAMI - September 17, 2001 - Richard Fain, Chairman and CEO of Royal Caribbean
Cruises Ltd. (NYSE, OSE: RCL) today provided some comments on the current
situation and how it has impacted the company's operations.
"We are devastated by the losses that so many of our fellow Americans have
suffered," Fain said. "While it is hard to focus on business as usual, we know
that it is important to do so, and we are determined to do just that.
"I know the business community would like to know what these events mean to our
company. While it is obvious that the world is a very different place than it
was a week ago, it's hard for us to fully assess what this means to our company.
Nevertheless, we can provide some preliminary information that we hope is
helpful.
"The biggest immediate challenge we have faced has been with air transportation.
With the closure of the nation's airports, there were many difficulties in
getting our guests to and from the ships over the past week. We were moved by
the determination of some of our guests to get to their ships. Some people drove
(as much as 3,500 miles), and we were eventually able to find flights for many
of the rest. Despite the transportation challenges, we had more than 30,000
guests embark on our ships for cruise vacations over the last several days.
These sailings were about two-thirds full. Those ships that operate in heavy
drive-in markets operated at close to 90% occupancy. With the return of air
transportation, we expect this week to be much better and are already seeing
this with those ships that have embarkation today.
"It will take us some time to figure out the total financial impact of these
events, but we have some preliminary figures for the past week. The biggest cost
was loss of revenue, but we also had extra security costs, lodging and
transportation costs, etc. Our best guess at the moment is that the financial
impact for the week following September 11 will be in the range of $20 million
to $25 million. We will provide additional guidance on the financial impact
going forward as more information becomes available.
"Obviously, the fear of terrorism is not good for tourism. However, even in the
midst of this horrific crisis, people continue to book cruises in significant
numbers. In fact, on Wednesday, Thursday and Friday we took approximately 50% of
bookings we took during the same three days in the prior week. In addition, the
flow of deposits on new bookings continues to be
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surprisingly strong. For this week's sailings, fewer than 1,000 guests have
cancelled their bookings. While these results are positive given the
circumstances, it is far too early to draw firm conclusions from this
information, and we will need to continue to monitor the bookings cycle
carefully.
"It is a difficult time for all Americans and our friends. Everyone will be
challenged in the weeks ahead. But the spirit within Royal Caribbean
International and Celebrity Cruises is strong, and the determination to succeed
greater than ever.
"God Bless America."
Royal Caribbean Cruises Ltd. is a global cruise vacation company that operates
Royal Caribbean International, Celebrity Cruises, and Royal Celebrity Tours.
Royal Caribbean International and Celebrity Cruises have a combined total of 22
ships in service and seven under construction or on firm order. Royal Celebrity
Tours operates cruise-tour vacations in Alaska utilizing the world's largest
glass-domed railcars. Additional information can be found on
www.rclinvestor.com, www.royalcaribbean.com or www.celebritycruises.com.
Certain statements in this news release are forward-looking statements. Such
forward-looking statements are not guarantees of future performance and involve
known and unknown risks, uncertainties and other factors, which may cause the
actual results, performances or achievements to differ materially from future
results, performance or achievements expressed or implied in such
forward-looking statements. Such factors include general economic and business
conditions, changes in cruise industry competition, reduced consumer demand for
cruises as a result of any number of reasons, including armed conflict or
political instability, availability of air service, the delivery schedule of new
vessels, changes in interest rates or oil prices and other factors described in
further detail in Royal Caribbean's filings with the Securities and Exchange
Commission.
####
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Contact: Lynn Martenstein or Erin Williams
(305) 539-6570 or (305) 539-6153
For Immediate Release
ROYAL CARIBBEAN SAILS AT 92% OCCUPANCY LEVEL
Miami - September 26, 2001 - Royal Caribbean Cruises Ltd. announced today that
occupancy on the combined fleets of Royal Caribbean International and Celebrity
Cruises was 92% on the sailings departing Thursday, September 20 through Monday,
September 24, 2001. For the company's seven-night Caribbean cruises, the
occupancy level was 97%.
"Concerns regarding the safety of traveling are easing on a daily basis," said
Richard Fain, chairman of Royal Caribbean Cruises Ltd., "and we are confident
that consumer confidence will continue to build in coming weeks. In the
meantime, we will do whatever we can as a company to speed that recovery."
The company plans to hold a conference call on Tuesday, October 2, at 10 a.m.
E.S.T. to provide an update on business developments. This call can be listened
to, either live or on a delayed basis, on the company's investor relations web
site at www.rclinvestor.com.
Royal Caribbean Cruises Ltd. is a global cruise vacation company that operates
Royal Caribbean International, Celebrity Cruises, and Royal Celebrity Tours.
Royal Caribbean International and Celebrity Cruises have a combined total of 22
ships in service and seven under construction or on firm order. Royal Celebrity
Tours operates cruise-tour vacations in Alaska utilizing the world's largest
glass-domed railcars. Additional information can be found on
www.rclinvestor.com, www.royalcaribbean.com or www.celebritycruises.com.
Certain statements in this news release are forward-looking statements. Such
forward-looking statements are not guarantees of future performance and involve
known and unknown risks, uncertainties and other factors, which may cause the
actual results, performances or achievements to differ materially from future
results, performance or achievements expressed or implied in such
forward-looking statements. Such factors include general economic and business
conditions, changes in cruise industry competition, reduced consumer demand for
cruises as a result of any number of reasons, including armed conflict or
political instability, availability of air service, the delivery schedule of new
vessels, changes in interest rates or oil prices and other factors described in
further detail in Royal Caribbean's filings with the Securities and Exchange
Commission.
####
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CONTACT: Michael Sheehan (305) 539-6572
Lynn Martenstein (305) 539-6573
FOR IMMEDIATE RELEASE
ROYAL CARIBBEAN CRUISES LTD. PROMOTES
CAPT. WILLIAM WRIGHT TO SENIOR VP OF SAFETY & ENVIRONMENT
MIAMI - (September 28, 2001) - Capt. William S. Wright, who has directed a
comprehensive upgrading of navigational systems for the fleet of Royal Caribbean
Cruises Ltd., has been promoted to Senior Vice President, Safety and
Environment, the company announced today. He is responsible for developing and
overseeing all corporate environmental strategy and activities.
Capt. Wright, 47, a nine-year veteran of Royal Caribbean International,
has served as Master of three ships, and for the last three years, he has
managed both the Bridge 2000 and the Navigation 2000 programs. He oversaw a
total revision of navigation policies and procedures, and the company's manual
has been adopted by the Norwegian Shipowners Association as a template for
bridge procedures. Capt. Wright also served as chief instructor for training in
navigation and maneuvering for the world's largest cruise ships - VOYAGER OF THE
SEAS and her sister ships.
"Captain Wright has earned international acclaim for his expertise in
navigation," said Jack Williams, president of Royal Caribbean International.
"With his valuable experience at sea, he will help us maintain and strengthen
our shipboard environmental, safety and security programs."
Among the advanced technologies introduced by Royal Caribbean Cruises
Ltd. are the cruise industry's only gas-turbine engines, which reduce airborne
emissions by 80 to 98 percent.
Capt. Wright has a master's degree in marine engineering from
Vestfold College in Norway. He joined Royal Caribbean in 1992 as a second
officer on NORDIC PRINCE and was promoted to captain in 1997. He has lectured at
the Norwegian Maritime College in Horten, Norway.
Royal Caribbean Cruises Ltd. is a global cruise vacation company that
operates Royal Caribbean International, Celebrity Cruises, and Royal Celebrity
Tours. Royal Caribbean International and Celebrity Cruises have a combined total
of 22 ships in service and seven under construction or on firm order. Royal
Celebrity Tours operates land-tour vacations in Alaska utilizing the world's
largest glass-domed railcars. Additional information can be found on
WWW.ROYALCARIBBEAN.COM, WWW.CELEBRITYCRUISES.COM and WWW.RCLINVESTOR.COM.
# # # # # #
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ROYAL CARIBBEAN CRUISES LTD.
----------------------------
(Registrant)
Date: October 1, 2001 By: /s/ BONNIE S. BIUMI
--------------------------------
Bonnie S. Biumi
Vice President and Treasurer