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Royal Caribbean Raises Profit Outlook
Royal Caribbean has raised its annual profit outlook following strong second-quarter results, despite some minor impacts from geopolitical tensions on bookings. The company now expects adjusted earnings to range between $17.73 and $17.87 per share, up from previous estimates of $17.10 to $17.50. It has also lowered its revenue growth forecast to approximately 9% from 10%. Data showed that demand remains robust, with booking levels surpassing last year's figures and prices reaching record highs, reflecting consumers' continued willingness to spend on holiday experiences despite economic conditions. Profits have also been supported by rising fuel prices and increased onboard spending.
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