Overview

• Royal Caribbean has increased its annual profit forecast, now expecting adjusted earnings per share between $11.57 and $11.62.
• The company attributes this growth to strong demand for cruises, particularly to private destinations and cooler travel spots.
• Despite the positive outlook, Royal Caribbean anticipates a fourth-quarter profit hit due to disruptions caused by Hurricane Milton.
• Shares of Royal Caribbean have seen a 57% increase this year, although they dropped in premarket trading following the forecast update.
• The cruise line's third-quarter revenue rose nearly 18%, reflecting robust demand and successful price hikes.