Skift Take
The Carnival Triumph fiasco had an adverse affect on rival Royal Caribbean's performance in the first quarter. However, Royal Caribbean says it performed well despite "recent adverse industry media coverage."
Royal Caribbean Cruises Ltd., the world's second largest cruise line, posted a 62 percent jump in first-quarter profit as ticket revenue rose and passengers spent more on drinks, spa treatments and other extras.
The results beat Wall Street expectations and sent shares up more than 7 percent in morning trading to $36.86.
During the same time last year, many vacationers shied away from cruises following the sinking of the Costa Concordia, owned by rival cruise line Carnival Corp. While the cruise line actually saw about 1 percent fewer passengers this year, those who did choose to sail stayed an average of 7 days, a nearly 2 percent incr
