Royal Caribbean's Q1 boosted by better-than-expected demand, guidance tops expectations
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ROYAL CARIBBEAN GROUP REPORTS FIRST QUARTER EARNINGS AND INCREASES FULL YEAR GUIDANCE ON STRONG REVENUE OUTLOOK
May 4, 2023 7:59 AM EDTMIAMI, May 4, 2023 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) today reported first quarter Loss per Share of $(0.19) and Adjusted Loss per Share of $(0.23). These results were significantly better than the company's guidance primarily due to strong close-in bookings at higher prices, continued strength of onboard spend, and favorable timing of operating costs. As a result of a record-breaking WAVE season and accelerating demand for its cruise experiences, the company is increasing its 2023 Adjusted... More
