The Los Angeles Post
California & Local U.S. World Business Lifestyle
Today: January 20, 2025
Today: January 20, 2025

Royal Caribbean boosts annual profit forecast on strong cruise demand

Royal Caribbean's Icon of the Seas, the largest cruise ship in the world, is docked in Mahahual
April 26, 2024
Reuters - Reuters

(Reuters) - Royal Caribbean Group on Wednesday raised its annual profit forecast as the company benefits from strong cruise demand during the key 'wave season' and robust on-board spending.

The company's shares rose 6% in extended trade after it also said that all four quarters and key products were booked ahead of the year-ago timeline for 2024.

"Bookings have been significantly higher than during the same period last year, with the back half of the year up by more than the front half," the company said.

The wave season is a crucial period between January and March when cruise operators offer special deals and discounts for the year.

Royal Caribbean now expects 2024 adjusted earnings per share to be between $9.90 and $10.10, compared with $9.50 to $9.70 per share the company forecast on Feb. 1.

Analysts on average were expecting a full-year profit per share of $9.77, as per LSEG data.

(Reporting by Juveria Tabassum; Editing by Maju Samuel)

Related

Australia|Business|Entertainment|Sports

Australia's Optus mulls selling sports streaming to Nine, AFR reports

Optus, Australia's No. 2 telecom carrier, is in talks to sell its sports streaming platform Optus Sport to media house Nine Entertainment, the Australian Financial Review (AFR) reported on

Australia's Optus mulls selling sports streaming to Nine, AFR reports
Business|Economy|Finance|Political|Stock Markets|US

Copper market sees half chance of 10% US tariff by first quarter-end, Goldman says

Goldman Sachs on Monday said the copper market is pricing in odds of about 50% that there will be a 10% U.S. tariff on the metal by the end of the first quarter of this year.

Copper market sees half chance of 10% US tariff by first quarter-end, Goldman says
Asia|Business|Technology

China's COMAC aims to lift C919 jet production capacity to 50 this year, report says

Chinese planemaker COMAC plans to raise production capacity for its homegrown C919 single-aisle planes to 50 this year, a COMAC executive told a media outlet supported by the

China's COMAC aims to lift C919 jet production capacity to 50 this year, report says
Asia|Business|Economy|Finance|Political

Chinese investors pile into Bridgewater-style funds, eyeing Trump return

Chinese hedge fund managers are racing to launch products styled on Bridgewater Associates' popular "All Weather" strategy, to meet hot

Chinese investors pile into Bridgewater-style funds, eyeing Trump return
Share This

Popular

Asia|Business|Economy|Lifestyle

China's frugal young adults accelerate saving, raising economic risks

China's frugal young adults accelerate saving, raising economic risks
Business|Economy|Europe|Finance

Czech billionaire Kretinsky's EPH joins suitors for Uniper, sources say

Czech billionaire Kretinsky's EPH joins suitors for Uniper, sources say
Asia|Business|Political|US|World

Vice President Han Zheng, China's representative at Trump's inauguration, is a trusted adviser to Xi

Vice President Han Zheng, China's representative at Trump's inauguration, is a trusted adviser to Xi
Business|Europe|Finance|Political|Stock Markets

European shares steady as Trump's inauguration takes centre stage

European shares steady as Trump's inauguration takes centre stage

Thanks for reading The Los Angeles Post

Create your free account or log in to continue reading.

Already have an account? Sign In