Royal Caribbean Cuts Profit Forecast on Rising Fuel Costs

Royal Caribbean Cruises Ltd. has revised its annual profit expectations downward, attributing the change to rising fuel expenses. The cruise line now anticipates adjusted earnings between $17.10 and $17.50 per share, a decrease from the earlier estimate of $17.70 to $18.10. This adjustment is a response to increased marine fuel costs that are affecting profit margins throughout the sector. While the company did not disclose the precise rise in fuel prices, it acknowledged the adverse effect on its financial projections. The updated forecast indicates a potential decline of up to $1.00 per share from the previous midpoint.