Royal Caribbean Posts Strong Q1 but Higher Fuel Prices Hit Profit Forecast
Photo Credit: Royal Caribbean, like several travel companies, has reduced its profit forecast. Wikimedia Commons / LN9267
Skift Take
Royal Caribbean beat estimates and demand remains strong — but the Iran war is quietly rewriting the profit math.
Royal Caribbean Group posted a better-than-expected quarterly profit Thursday, but the Iran war is expected to leave a mark on its bottom line.
The cruise line reported 11% revenue growth to $4.5 billion, with net income up 29% to $941 million.
But Royal Caribbean now expects full-year fuel expenses to reach about $1.3 billion, or $0.62 per share above prior guidance. T
