Royal Caribbean cuts annual profit view as fuel costs rise
The cruise operator lowered its 2026 profit forecast to between $17.10 and $17.50 per share. Rising fuel costs offset a stronger than expected first quarter.
ROYAL CARIBBEAN CRUISES LTD lowered its full-year 2026 profit forecast by $0.60 per share on Thursday morning as fuel costs rose $1.3B. The revision follows a first-quarter earnings beat where the operator reported adjusted profit of $3.60 per share, exceeding LSEG estimates of $3.19. Investors are weighing immediate margin pressure from energy prices against resilient consumer demand for global cruise travel.
### Fuel Costs Erode Margin Gains Royal Caribbean now expects adjusted profit for fiscal 2026 to range between $17.10 and $17.50 per share. This is a decrease from the prior guidance of $17.70 to $18.10 per share. The company attributed the shift to a $1.3 billion increase in fuel expenses, representing a $0.62 per share headwind compared to previous projections.
