NCL’s Del Rio – It’s “Absolutely Safe” to Resume Cruising
Royal Caribbean – Norwegian Cruise Line (NCL)’s “Healthy Sail” Panel made its recommendations to the Centers for Disease Control and Prevention (CDC) last week in an effort to resume cruise operations. Travel magazines, cruise writers, travel bloggers, and even major newspapers excitedly reported on what
Reducing the occupancy of ships once the industry is permitted to return to sailing is an integral first step toward combating the spread of COVID-19. But fewer passengers means fewer cruises fares sold. And most significantly, reduced occupancy means reduced onboard revenue from alcohol sales, casinos, gift shops, specialty restaurants and shore excursions. I have
Royal Caribbean Cruises and Norwegian Cruise Line recently announced that they hired a panel of former public health officials to advise the cruise lines regarding how to safely return to cruise operations. Royal Caribbean CEO Richard Fain and Norwegian Cruise Line Holdings CEO Frank Del Rio announced that they created the “Healthy Sail Panel” to
This afternoon CNBC interviewed Royal Caribbean Richard Fain about when his cruise line will re-start operations and when his crew members will finally be repatriated. Here is a portion of the interview:
“CNBC: . . . we know that this is a challenging time. We really appreciate you spending time with us today.
Royal Caribbean Cruises’ CEO Richard Fain (photo top in happier days) collected $14,358,919 in compensation in 2019, the cruise line announced two weeks ago in a SEC filing.
Two days earlier, Royal Caribbean announced that it was laying off 25% of its workforce in the United States, due to the COVID-19 pandemic. In addition, Royal
President Trump announced a list of “Great American Economic Revival” industry groups at the coronavirus briefing on Tuesday. He said that the groups will advise the White House on reopening the economy after the shutdown necessitated by the COVID-19 pandemic.
The Great American Economic Revival Cruise Industry Group
This week the White House has
The Sun Sentinel recently published an article, the Top 10 Highest-Paid CEOs in South Florida. Included in the top ten list, are three cruise executives: Norwegian Cruise Line Holding’s Frank Del Rio, Royal Caribbean Cruises’ Richard Fain, and Carnival Corporation’s Arnold Donald.
#1: Norwegian Cruise Line Holding’s Frank Del Rio:
The highest paid cruise
Royal Caribbean Cruises Ltd. chairman and CEO Richard Fain acquired 18,900 shares of Royal Caribbean (“RCL”) stock for $1,990,000 or a weighted average price of around $105.60 a share, according to Seatrade Cruise News.
Mr. Fain bought the RCL shares on Thursday. The stock is reportedly for a trust primarily for the benefit of
Royal Caribbean Chairman Richard Fain remains the highest paid executive in the cruise industry.
Mr. Fain is the highest paid cruise executive for the second year in a row. Mr. Fain was paid $13,343,413 last year (2017), an increase of nearly three million dollars, from $10,405,684 in 2016.
Royal Caribbean enjoyed a record earnings year
Royal Caribbean announced its fourth quarter financial results with CEO Richard Fain stating that the cruise company received revenues of $2,000,000,000 with net profits of $288,040,000. Royal Caribbean’s fourth-quarter profits and revenues reportedly exceeded Wall Street estimates,
Mr. Fain told CNBC that the company met its lofty three-year goals of “double earnings” and a “double-digit”
Royal Caribbean top executive Richard Fain reportedly sold 20,000 shares of Royal Caribbean (RCL) stock this week for a total amount of approximately $2,500,000.
In a transaction this past Monday, November 13th, he sold his shares at an an average price of $123.76, for a total value of $2,475,200.00. CEO Fain officer reportedly now owns 895,416 shares
Royal Caribbean President and Chief Operating Officer (COO) Adam Goldstein (photo, to the right) sold 120,000 shares of his company’s cruise stock on August 2 and 3, 2017. The stock was sold at an average price of $118.21 for a total sale of $14,185,200.00, according to the SEC.
This follows the sale of RCL
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Royal Caribbean chief executive officer Richard D. Fain sold 210,706 shares of his cruise line stock in a transaction on Wednesday, August 2, 2017 at an average price of $115.83, for a total value of $24,406,075.98.
Mr. Fain was last in the news in April when a filing with the Securities and Exchange Commission
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Royal Caribbean CEO Richard D. Fain’s reportedly collected total compensation last year in the amount of $10,400,000 (million) compared to his total compensation in 2015 of $9,400,000 (million), according to a recent filing with the Securities and Exchange Commission.
CEO Fain recently sold 20,000 shares of Royal Caribbean stock. The RCL stock was sold
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Yesterday, Royal Caribbean’s Chairman and CEO Richard Fain bought 29,190 shares of RCL stock, in a series of trades for an average of $68.5161 per share, worth nearly $2,000,000, according the to an article in Seatrade and SEC forms.
Today, with the RCL stock up over 6.50% from yesterday’s close, his $2,000,000 worth of shares
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Yesterday, Royal Caribbean chairman Richard Fain sold 151,032 shares of his cruise line’s stock for $13,650,151 at an average price of $90.40 a share. President and Chief Operating Officer Adam Goldstein sold 4,184 shares at at $91.08 per share for a total value of $381,094.19. Royal Caribbean’s General Counsel and Chief Compliance Officer Bradley Stein sold 2,402 shares
According to the SEC, Royal Caribbean CEO Richard Fain (below right) sold 87,488 shares of his RCL stock at an average price of $76.41, for a total value of $6,684,958.08.
After the transaction, cruise executive Fain still owns 1,139,613 shares of his cruise line stock valued at approximately $87,077,829.33.
I wrote a similar article
Travel Weekly just published an "interview" of Royal Caribbean cruise executive Richard Fain as part of the cruise line’s promotional build-up to the arrival of the Quantum of the Seas.
it’s hyperbolic, razzle-dazzle, gobbledygook at it’s finest.
Royal Caribbean has been been invading crew gratuities for years, doubling up officers in what were previously
