Is bigger really better?

[RetireeWannabee]

Summer,

 

May I just say that you seem to be quite an astute young lady? I am confident that you will be successful in your chosen field.

 

Additionally, I think it's cool that you are so into "the floating city" and I hope you will write a review on your return.

[navybankerteacher]

I am glad that MissSummers20 has the option of megaship cruising which will provide the various activities she wants. However, her accounting skills do need some work --RCCL's financials (on Form 10-K The site to which she directed us) reports for 2008 (on page 26) that RCCL's total cruise revenues were $$6,532,522,000 and that cruise operating costs were $4,403,666,000. These figures were amplified (on page F2) in the Footnotes - confirming that cruise operating costs consumed 67.5% of total cruise revnues -- leaving just 7.9% for depreciation and amortization -- which includes retirement of debt. Far different from the 22.5% costs figure she came up with.

 

I do hope RCCL is successful with their large ships - I have a personal stake in preferring that the smaller ships cater to those who do not want all the bells and whistles, and that those need the enhancements are elsewhere.