Reported 2 days ago
Royal Caribbean Cruises has raised its profit forecast, surprising investors with an adjusted earnings per share estimate of $14.55 to $15.55 for the year, outperforming analysts' expectations. This positive outlook contrasts with airlines such as JetBlue and American Airlines, which have issued warnings about declining travel demand. The cruise line's strong first-quarter performance and increasing consumer spending in the cruise sector suggest resilience, even as concerns grow about the broader travel market.
Source: YAHOO