- Royal Caribbean to redeploy Explorer from Cape Liberty to Port Canaveral
- Serenissima refloated after Scottish incident
- British TV nature presenter Tony Soper to offer Vistas on Boudicca in October
- Holland America Line makes three director appointments in fleet operations department
- Windstar Cruises introduces new yacht and voyage collection
- The American Steamboat Company to expand west
- Carnival shares open sharply lower in New York, partly recover in London after morning rout
- Carnival issues profit warning, says yields to fall, shares dive in London
- Richard J. O'Hanlon appointed Vice President, Nautical and Safety Operations for Carnival Cruise Lines
- Viking launches its ocean project, company rebrands
- Royal Caribbean's Vice Chairman and CFO Rice to retire
- TUI AG to restructure Hapag-Lloyd Kreuzfahrten unit after its deep interim losses
Ports & Destinations
- Port of Barcelona hits an annual record
- Athens prepares to host Posidonia Sea Tourism Conference
- Norwegian Breakaway makes maiden call to Bermuda
- Study demonstrates that BC cruise ports continue to be an economic hub in Canada
- Ports America awarded operating contract for Port of Los Angeles Cruise Terminal
Products & services
- Trimline completes work on Pullmantur’s Monarch
- Wallem opens offices in South Africa
- Trimline and Carnival UK agree an on board interior maintenance service for five ships
- Wärtsilä Aquarius ballast water system received final approval
- Wallem opens first hub of expertise in Singapore as it looks to establish strategic maritime locations around the world
- Category: Top Headlines
- Published on Thursday, 27 January 2011 16:25
- Written by Kari Reinikainen
Royal Caribbean Cruises Ltd (RCCL), the world’s second largest cruise shipping company, reported better than forecast profit for trhe final quarter and full year 2010.
RCCL's fourth quarter 2010 net income of $42.7 million, or $0.20 per share versus $3.4 million, or $0.02 per share in 2009. Analysts’ average forecast was $0.13. Weather and currency related issues reduced earnings by $0.03 per share, but were more than offset by higher revenues and cost containment.
Net Yields increased 3.2%, (4.2% on a Constant Currency basis). Absent extreme weather conditions, constant currency Net Yields would have increased 4.7%;
Net Cruise Costs per APCD ("NCC") were flat, (up 1.0% on a Constant Currency basis).
For the Full Year 2010: net income rose to $547.5 million, or $2.51 per share versus $162.4 million, or $0.75 per share in 2009. The eps comfortably exceeded analysts’ average forecast of $2.08.
Net Yields increased 4.2% (4.4% on a Constant Currency basis); NCC declined 1.8% (down 1.3% on a Constant Currency basis); NCC excluding fuel declined for the third year in a row and were down 1.6%;
As for 2011 guidance, the company said Net Yields are expected to improve 4% to 6% for the full year and 2% to 3% in the first quarter; NCC excluding fuel are expected to increase approximately 2% for the full year and the first quarter; EPS is expected to be between $3.25 and $3.45 for the full year and $0.10 to $0.15 for the first quarter of 2011, based on current fuel prices and currency exchange rates.
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