Royal Caribbean Cruises' (RCL) CEO Richard Fain on Q1 2017 Results - Earnings Call Transcript

Apr. 28, 2017 4:40 PM ETRoyal Caribbean Cruises Ltd. (RCL)
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Royal Caribbean Cruises Ltd. (NYSE:RCL) Q1 2017 Results Conference Call April 28, 2017 10:00 AM ET


Jason Liberty - CFO

Richard Fain - Chairman and CEO

Adam Goldstein - President and COO

Michael Bayley - President and CEO, Royal Caribbean International

Carol Cabezas - VP of IR


Steven Wieczynski - Stifel

Timothy Conder - Wells Fargo

David Beckel - Bernstein Research

Felicia Hendrix - Barclays

Robin Farley - UBS

Harry Cutis - Nomura

Jared Shojaian - Wolfe Research

Vince Ciepiel - Cleveland Research

Stephen Grambling - Goldman Sachs

Greg Badishkanian - Citigroup

James Hardiman - Wedbush Securities

Sharon Zackfia - William Blair

Jamie Katz - MorningStar


Ladies and gentlemen, thank you for standing by, and welcome to the Royal Caribbean Cruises Limited First Quarter 2017 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

I would now like to turn the call over to Jason Liberty, Executive Vice President and Chief Financial Officer. Please go ahead.

Jason Liberty

Thank you, operator. Good morning and thank you for joining us today for our first quarter earnings call. Joining me here in Miami are Richard Fain, our Chairman and Chief Executive Officer; Adam Goldstein, our President and Chief operating Officer; Michael Bayley, President and CEO of Royal Caribbean International; and Carol Cabezas, our Vice President of Investor Relations.

During this call, we will be referring to a few slides, which have been posted on our Investor website,

Before we get started, I would like to refer you to our notice about forward-looking statements which is on our first slide. During this call, we will be making comments that are forward-looking. These statements do not guarantee future performance and do involve risks and uncertainties. Examples

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