Royal Caribbean Cruises Ltd. (RCCL), the world’s second largest cruise shipping group, announced third quarter 2012 net income of $367.8 million, or $1.68 per share, versus income of $399.0 million, or $1.82 per share, in the third quarter of 2011.
The fresh figure significantly exceeds forecast of $1.45 by industry analysts.
“Close-in bookings for the third quarter across most itineraries — including Europe — were stronger than anticipated, resulting in a Net Yield increase of 0.1% on a Constant-Currency basis. NCC (net cruise costs) excluding fuel were also better than anticipated and increased 2.0% on a Constant-Currency basis (declined 0.2% As-Reported),” the company said in a statement
“Approximately 200 basis points of the Net Yield improvement and approximately 220 basis points of the NCC excluding fuel increases during the quarter relate to previously announced deployment initiatives and changes to the company’s international distribution system,” RCCL said.
