Royal Caribbean Cuts Profit View as Fuel Costs Rise
Royal Caribbean shares rose as Mediterranean bookings recovered from war disruptions. The company lowered its annual profit forecast due to higher fuel costs.
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ROYAL CARIBBEAN CRUISES LTD shares rose 10.8% midday April 30 after the operator reported luxury cruise bookings are currently outpacing last year's levels. The recovery follows a month of disruption caused by conflict in Iran, though rising fuel costs forced a profit forecast cut. Resilient demand suggests travel remains the top leisure spending priority for consumers despite energy-driven headwinds and geopolitical instability.
