The Miami-based Royal Caribbean Cruises (RCL) net profit for the third quarter was USD 810.4 million, compared to last year’s USD 752.8 million. Gross proceeds were up 1.9% and net profit were up 2.6% in constant-currency, exceeding prior guidance due to strong close-in demand for core products and better onboard revenues.
Royal Caribbean Cruises expects full year adjusted EPS to be in the range of USD 8.75 to USD 8.85 per share. This guidance includes Silversea’s operations, which, as previously disclosed, will be accounted for on a three month lag. The transaction closed on July 31, 2018, therefore the results corresponding to August and September will be consolidated in the fourth quarter.
In addition, the company is experiencing strong early booking trends for 2019. Booked load factors and rates are higher than same time last year across all core products while the booking window has continued to extend.
So RCL expects another year of solid yield and earnings growth.