Reported 29 days ago
Royal Caribbean has raised its annual profit forecast for the fourth time this year, fueled by strong demand for cruises at higher prices, particularly to private destinations and in Europe and Alaska. The company's shares rose about 1.3%, reflecting a 57% gain this year. Royal Caribbean anticipates strong demand for 2025, with current bookings exceeding prior years. The company expects adjusted earnings per share for 2024 to be between $11.57 and $11.62, up from earlier predictions, though it warned of potential profits being impacted by Hurricane Milton.
Source: YAHOO