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Royal Caribbean News
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Among the interesting details within the first quarter earnings for Royal Caribbean International, was the fact that the line is finding 40% of its passengers outside of north America. North America has seen only flat numbers during the past two years, a result of the recession. This does much to explain the growing fleet of ships being positioned in Europe during the coming two years. Yet according to analysts notes from Well's Fargo, since the U.S. dollar is up compared the sinking Euro, the shift is a mixed blessing. Costs are down, but profit from fares paid for in a sinking currency are worth less.
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Royal Caribbean News
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Royal Caribbean International reported strong first quarter results, earning $87.4 million verses a net loss of $36.2 million in first quarter of 2009. The fuel hedging program that Royal Caribbean began several years ago, again proved its worth, offsetting the increase in fuel during the quarter. Likewise, the obligatory efforts to reduce costs in all areas continued to show positive contributions to the bottom line. Moody's upgraded Royal Caribbean International's stock rating to Stable from a Negative rating, and cited the improvements in profit and cost containment. In all, it is an excellent start for the line, and reflects the strength in the industry at large. Royal Caribbean is one of several major lines that proved highly resilient to the recession that more and more people are saying is behind us.
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Royal Caribbean News
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Per Adam Goldstein's Blog, Royal Caribbean International has continued to work on relief efforts in Haiti. According to RCI associate VP John Weis, 15 temporary schools have been opened and maintained. More than 30 potable water tanks have been built. Over 121 truckloads of supplies ranging from food and water to equipment and medicine have been delivered by Royal Caribbean ships. Each ship is said to carry 5 truckloads each. Suggested organizations for donations include Food For the Poor and the Pan American Development Foundation.
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Royal Caribbean News
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Richard H. Wagner is the owner of BeyondShips.com, a great website which combines his great experience as a writer with his extensive travel at sea. Recently he was able to cruise on Royal Caribbean International's Oasis of the Seas, and provided his visitors with an amazing photo tour of the ship. Drop by and see what makes the Oasis the buzz of the industry this year, then why not talk about it!
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Royal Caribbean News
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The Baltimore Sun noted that Royal Caribbean International has announced its intention to expand cruises originating in Baltimore. The crown and anchor will set sail year-round from the highly regarded port.

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