MIAMI -- Royal Caribbean Cruises Ltd. said its third-quarter
earnings are expected to surpass analysts' estimates, a result of
an "improved revenue environment" and higher-than-anticipated cost
In a statement providing an update on the company's current
outlook, RCCL said net yields will be down 1.7% over the
third-quarter 2001, and it estimated yields for 2002 will be down
about 1% to 2% over 2001.
But, the company said, bookings have "continued to
Looking to the fourth quarter, RCCL said bookings "continue to
meet the company's expectations," but that close-in bookings
continue to be the norm.
"The fourth quarter is traditionally the weakest quarter and the
most difficult to predict," the company said in its statement. "The
trend to later bookings exacerbates the difficulty of forecasting
RCCL said it will take a charge of $20 million in the third
quarter, which was recorded in connection with a previously
disclosed potential litigation settlement.