Royal Caribbean Cruises Ltd. (NYSE:RCL) Q3 2023 Earnings Call Transcript

Naftali Holtz: Yes. So I think I said it in my prepared remarks, but our goal, first of all, is to obviously increase the profitability as we continue to grow the business. But this year, we will be back basically to our margin that we had in 2019, which was a record year. But if you kind of do the math, we are not yet in our Trifecta goal. And by the way, Trifecta for us is just base camp, right? So we — our ambitions are beyond that. So that just leads you to — and our ambitions are to continue to grow the margin much more than we had in 2019, and that will go through with our proven formula, right? We continue to grow the business, to capacity growth, moderate yield growth and really strong control cost controls and disciplined capital allocation, we think will deliver more margin.

Matthew Boss: Great color. Best of luck.

Jason Liberty: Thank you.

Operator: With that, I’ll turn the conference back over to Naftali Holtz, CFO, for closing remarks.

Naftali Holtz: Thank you. We thank you all for your participation and interest in the company. Michael will be available for any follow-up. I wish you all a great day.

Operator: Ladies and gentlemen, this concludes today’s conference call. Thank you for your participation. You may now disconnect.