RCCL warns of weaker full year 2011 than earlier forecast

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Category: Top Headlines

Published on Thursday, 27 October 2011 12:51

Written by Kari Reinikainen

Royal Caribbean Cruises Ltd (RCCL), the world’s second largest cruise shipping group, has revised lower its expectations for the full year 2011 earnings per share (EPS), but on the other hand the outlook for next year is encouraging.

“For the full year 2011, the company’s Constant-Currency Net Yield improvement expectations are essentially unchanged at 2% to 3%. Including currency movements, full year Net Yields are expected to increase approximately 4%,” RCCL said in a statement.

“Full year 2011 EPS is expected to be within a range of $2.70 to $2.80, a $0.15 reduction from prior guidance primarily due to the strengthening of the U.S. Dollar and the fuel option revaluation loss,” the company said..

As far as next year is concerned, RCCL said: “Though economic uncertainty is elevated and it is still early in the booking cycle, 2012 demand thus far has been solid. Booked load factors and pricing are both running ahead of this time last year, which supports the company’s expectation of continued yield accretion during 2012.”

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