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Royal Caribbean Posts Strong Q2 Despite Fuel Costs, Geopolitical Impact
The cruise operator said record bookings and strong onboard spending helped offset higher fuel costs and a modest hit to some itineraries.
- On Tuesday, Royal Caribbean raised its full-year adjusted profit forecast to $17.73-$17.87 per share after beating second-quarter earnings estimates, sending shares up 4.6%.
- The Miami, Florida-based company reported quarterly revenue of $4.83 billion, a 6% increase that beat analyst expectations of $4.82 billion, driven by strong onboard spending.
- Management acknowledged a "modest booking impact for select itineraries" due to prolonged geopolitical activity in the Middle East, though overall cruise demand remained resilient.
- CFO Naftali Holtz noted "consumer demand for our vacation experiences is strong," even as the company lowered its full-year revenue growth outlook to 9% from 10%.
- Booking trends for 2027 are pacing ahead of historical levels, supporting the company's three-year financial performance initiative, Perfecta, which targets margin expansion and reduced debt.
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Total News Sources13
Leaning Left1Leaning Right1Center5Last UpdatedBias Distribution72% Center
Bias Distribution
- 72% of the sources are Center
72% Center
14%
C 72%
14%
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