Royal Caribbean: ‘Business Is Good’ – Cruise Industry News


Expecting to post full year record adjusted earnings per share of $8.70 to $8.90, a 17 percent increase over last year, Royal Caribbean Cruises’ Chairman and CEO Richard Fain said on the company’s second quarter earnings call today that he is even more optimistic about 2019.

Fain said that revenues were continuing to grow while costs were under control. “Business is good and will continue to be good,” he added, “despite the head winds of foreign exchange and higher fuel prices.”

The company’s brands are already booked ahead for 2019 at both higher volume and pricing than was the case for 2018 at the same time last year, according to Jason Liberty, senior vice president and CFO.

Liberty also commented that Royal Caribbean continues to have a strong booked position in Asia…

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