Royal Caribbean reported stronger-than-expected first-quarter profits and revenue, driven by robust demand despite temporary booking dips in March and April. The Miami-based cruise giant cited geopolitical tensions affecting Mediterranean and West Coast of Mexico routes as a short-term drag, but full-year bookings now outpace 2023 levels. Net income rose 23% year-over-year, with adjusted earnings per share hitting $2.80, while total revenue climbed to $4.1 billion, a 19% increase.
Analysts attribute the rebound to pent-up traveler enthusiasm and aggressive pricing strategies amid lingering post-pandemic recovery.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing