Steve Wieczynski

is it fair to kind of assume that you guys feel pretty comfortable that you'll be able to absorb pretty much higher fuel prices over a longer period of time?

wondering if you could maybe walk us through what you've seen from a booking perspective for both your North American and your EAA brands.

if you could help us think a little bit more about the cadence over the last 3 quarters

your ability to take pricing action right now in the Caribbean?

just wondering from a bigger picture perspective, maybe how you're feeling about next year versus back in June.

is there anything you didn't mention that, you know, maybe you kinda behind the scenes that you guys are working on to help kinda mitigate some of those headwinds?

should we be thinking that they're probably won't be as much potential upside to your revised guidance

maybe wondering if, you know, you can kinda walk us through kinda how those last three months look from a from a booking perspective.

if the consumer stays status quo, there's no change in onboard, close in remains strong, I'm guessing there's probably upside to your back half guidance.

just wondering if you're seeing any, you know, we would call kind of material differences in bookings for 2026 by, you know, by brand.

it seems like the approximate 4% yield guidance might end up being conservative when we have this same call a year from now

do you start to think about laying out another set of long-range financial targets

is it fair to think that this sort of run rate of, let's call it, $600 million a quarter in Macao is probably the right way to think about the market for the foreseeable future

does that assume your competitors pull back so-called aggressively on promotions

what factors do you think are kind of continue to hold that segment of the market back

should we consider the margins we saw in the fourth quarter a pretty good run rate, at least for the foreseeable future

if most of that was tied pretty much directly to your change in marketing strategy or if that was just something else

how you're thinking about room rates not only maybe now and your ability to still take price there, but maybe how you're thinking about room rates once your additional capacity comes online

Has that changed your internal return assumptions for IR2 at this point

is that something, Rob, that kind of keeps you awake at night? Or do you view your relationship with China in very, very good standing

has this kind of changed your view around that at all

have you seen any changes in the promotional activity from your competitors in the market in anticipation of that property coming back online

just wondering if you guys have some sort of estimate on what the potential impact, from his visit was on your properties, during that time frame

wondering if you could maybe expand on that a little bit more? And maybe help us understand if you're involved in that process

Just wondering how you view the rest of your regional assets at this point, meaning would any of the remainders be for sale?

are you seeing a major difference in the booking patterns for that FIT visitor between your different properties

I was just wondering if you guys have done anything to kind of stimulate that FIT improvement

how you address these capacity overhangs moving forward

that seems somewhat conservative even with your deployment headwind

it seems like there would be maybe a good bit of upside to your charting the course EPS targets

what have you guys done for 2026 in terms of changing the European deployments

is the difference in the yield guidance now versus back in February that challenges

Can you maybe help us think about what bookings have looked like for the Norwegian brand versus the luxury brands

is there a potential upside to that 3.5% number based on maybe a little bit higher load factors plus on board

you've got a handful of ships that are now in, let's call it, that 25 to 30 years age range

wondering what gives you the confidence the fourth quarter could grow that much

if you could, could you walk us through maybe what you're seeing today in the Caribbean, maybe more so, you know, whether it's by brand, whether it's by itinerary

So Jason, you mentioned that '26 EPS is going to start with the $17 handle, and it seems pretty clear that '26 bookings, demand pricing all look pretty solid at this point

if close-in demand stays as strong as what you've seen recently, and it sounds like given the feedback that you guys have gotten from your customer base

should we think that 2028 could see earnings growth at least in line with your Perfecta targets

can you maybe help us think about how you would attack using lowering pricing versus other tools in order to stimulate demand

if there was going to be some pressure from your customer base, do you think the low end of your guidance is now set low enough

you talked about 14 handle comment, and probably to us that could have easily been a 15 handle without these headwinds

one of those key differences is the fact that the operators in river need berthing rights to get access to certain ports

any color you can provide on maybe how that visitation translated into GGR from your perspective?

what does Enclave do or not do to Wynn Macau?

is it safe to say those margins would have been pretty close to the 31.5% margin that was posted in the fourth quarter of '24?

would you give any kind of high-level view on kind of where you guys are booked at this point?

wondering what you think kind of drove that unusual pattern, meaning folks, especially the higher-end folks stayed away, then they came back

wondering if that was more around promotions. Just trying to figure out if you guys had to promote more to drive stability around volumes

do you feel like some of those assumptions might end up being somewhat conservative?

Can you maybe help us think about, you know, how you're, you know, how you're thinking about the cost structure for, you know, for Macau this year

how you're thinking about Balancing the buyback versus, you know, with this with this stock here in the the low eighty