Ben Chaiken

is '26 an anomaly? Or is the level of cost attribution between OpEx and CapEx the right way to think

for the implied buyback portion of that $14 billion, do you expect that to be smooth or will you be opportunistic?

what's the more typical allocation as we think about the future, is it the '25 version of the '26 version

is that step function over and now it just grows by what you guys do on a

how you're thinking about timing leverage bogeys and then is there any preference between dividends and or buybacks?

Maybe talk about what you're seeing with close-in demand and how you're thinking about the remainder of the year?

is this potentially a gateway to more of a book direct push?

Is this asset getting a premium today? Or is it too early?

I think it would be great if you could provide some more color on maybe how we're trending since the 4Q period. Anything notable regarding changes to the consumer demand trends?

You beat Q1. You smashed Q1 to your point by $165 million, raised the guide, at least from what we can tell, by around $100 million.

Does this refer to Celebration Key? Is this a little bit of a teaser to additional opportunities

Do you think you are in the customer awareness of this product? Like, do you think it's well understood, appreciated

is the interpretation, just from some of the previous commentary, that it's harder for you to leverage the current type of gameplay or player in Macao

would you say that 1Q '25 had a difficult comparison year-over-year from the large concert in the prior year as well as the easing of the China visitation policy

I think you flagged $60 million of headwinds, $20 million from grand, $20 million from some event spend and $20 million from hold, I believe, I guess if you think about the business today, do those...

to the extent there are bookings taking place today for 2027 in Europe, I mean, what color can you give us?

help us unpack how the missteps in the Caribbean impact that 3Q kind of year-over-year comparison

what are some of the specific opportunities you see next year

is the net of that yield tailwind neutral or flat in '26

how do you think about the ROI of the investments you're making in Great Stirrup Cay

I have a question on River. You mentioned Jason sold out your '27 itineraries in a few hours. I think you have 10 ships in the first order

you mentioned that Costa Maya is going to be the same size as Magic Kingdom in Orlando, if I caught that right

how do you think about the attach rate using Royal Nassau visitors in the denominator

Why the new ships a headwind in 3Q and 4Q? I think you mentioned 140 basis points into H2 yield

Any updated thoughts on the pricing of that day pass

On the private destination, Nassau is opening in December. How do you think about pricing access to that opportunity

does the 2025 Net Cruise Cost include anything for Nassau that's worth highlighting

can you give us your latest thoughts on the mix of F&B entertainment versus gaming?

Maybe talk about your current plan to build the pipeline going into this opening.

how would you rank order those in terms of opportunity as you see it?

how do you think about the most important customer cohorts?

there were some headlines related to the pace at which UAE will potentially allocate gaming licenses