Royal Caribbean beats Q1 expectations but trims full-year outlook on fuel costs

FinanceRoyal Caribbean Group reported first-quarter 2026 results on Wednesday that topped estimates, even as the cruise operator lowered its full-year profit guidance due to rising fuel expenses. The company posted revenue of USD 4.45 billion, up from USD 4.0 billion a year earlier, and net income of USD 941 million, compared with USD 730 million in the same period of 2025.

CEO Jason Liberty attributed the strong showing to a record WAVE booking season and continued consumer appetite for cruise vacations. Bookings moderated in March and early April for Mediterranean and West Coast of Mexico itineraries amid geopolitical developments, but have since recovered and are now running ahead of last year's pace, the company said.

Despite the upbeat quarter, Royal Caribbean cut its full-year adjusted EPS guidance to a range of USD 17.10 to USD 17.50, down from a previous forecast of USD 17.70 to USD 18.10, citing higher-than-expected fuel costs. Fuel expenses are now projected at roughly USD 1.3 billion, or about USD 0.62 per share above prior guidance, with the company 59% hedged for the remainder of 2026.

Full report https://www.rclinvestor.com/press-releases/release/?id=1832

apr 30 2026