Jason Liberty | CFO |
Richard Fain | Chairman and CEO |
Michael Bayley | President and CEO, Royal Caribbean International |
Steve Wieczynski | Stifel |
Felicia Hendrix | Barclays |
David Beckel | Bernstein Research |
Greg Badishkanian | Citi |
Patrick Scholes | SunTrust |
Jared Shojaian | Wolfe Research |
Assia Georgieva | Infinity Research |
Robin Farley | UBS |
James Hardiman | Wedbush Securities |
Harry Curtis | Nomura Instinet |
Jaime Katz | Morningstar |
Timothy Conder | Wells Fargo Securities |
Ladies and gentlemen, thank you for standing by and welcome to the Royal Caribbean Cruise Line's Fourth Quarter 2017 Earnings Conference Call. At this time all participants have been placed in a listen only mode and the floor will be opened for your questions, following the presentation. [Operator Instructions] It is now my pleasure to turn the floor over to Jason Liberty, Chief Financial Officer. Please go ahead, sir.
Thank you, operator.