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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