Royal Caribbean Boosts Profit Forecast Amid Rising Cruise Demand

The cruise line raises its annual earnings outlook for the fourth time this year, driven by strong demand and strategic price increases.

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.