Jason Liberty | Chief Financial Officer |
Richard Fain | Chairman & Chief Executive Officer |
Michael Bayley | President & Chief Executive Officer, Royal Caribbean International |
Steve Wieczynski | Stifel |
Jared Shojaian | Wolfe Research. |
Felicia Hendrix | Barclays |
David Beckel | Bernstein |
Harry Curtis | Instinet |
James Hardiman | Wedbush Securities |
Jaime Katz | Morningstar |
Tim Conder | Wells Fargo Securities |
Stephen Grambling | Goldman Sachs |
Brandt Montour | JPMorgan |
Good morning. My name is Cheryl, and I will be your conference operator today. At this time, I would like to welcome everyone to the Royal Caribbean Cruises Limited First Quarter 2019 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.