Jason Liberty | EVP & CFO |
Richard Fain | Chairman & CEO |
Michael Bayley | President & CEO, Royal Caribbean International |
Robin Farley | UBS Investment Bank |
Steven Wieczynski | Stifel, Nicolaus & Company |
Harry Curtis | Instinet |
Jared Shojaian | Wolfe Research |
Felicia Hendrix | Barclays Bank |
Gregory Badishkanian | Citigroup |
David Beckel | Sanford C. Bernstein & Co. |
James Hardiman | Wedbush Securities |
Timothy Conder | Wells Fargo Securities |
Stephen Grambling | Goldman Sachs Group |
Brandt Montour | JPMorgan Chase & Co. |
Good morning. My name is James, and I will be your conference operator today. At this time, I'd like to welcome everyone to the Royal Caribbean Cruises Ltd. Fourth Quarter 2018 Earnings Call. [Operator Instructions].