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Navigating financial risk management in Royal Caribbean Group: a study of commodity price risk

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Resumo:This work investigates the financial risk management (FRM) practises of Royal Caribbean Group (RCG), focusing on its management of commodity price. Using a combination of financial impact modelling and market valuation analysis, the study evaluates RCG's current hedging strategies, and its effectiveness in mitigating volatility, ensuring cash flow stability, and enhancing market confidence. Findings reveal that while RCG's existing commodity risk strategy effectively reduces the downside risk, it also limits potential gains when there are favourable market conditions. Recommendations include adopting alternative hedging instruments, such as collar options.
Autores principais:Silva, Jéssica Filipa da Cunha e
Assunto:Financial risk management Market risk Hedging strategies Corporate finance Financial instruments Fuel price risk
Ano:2025
País:Portugal
Tipo de documento:dissertação de mestrado
Tipo de acesso:acesso aberto
Instituição associada:Universidade Nova de Lisboa
Idioma:inglês
Origem:Repositório Institucional da UNL
Descrição
Resumo:This work investigates the financial risk management (FRM) practises of Royal Caribbean Group (RCG), focusing on its management of commodity price. Using a combination of financial impact modelling and market valuation analysis, the study evaluates RCG's current hedging strategies, and its effectiveness in mitigating volatility, ensuring cash flow stability, and enhancing market confidence. Findings reveal that while RCG's existing commodity risk strategy effectively reduces the downside risk, it also limits potential gains when there are favourable market conditions. Recommendations include adopting alternative hedging instruments, such as collar options.