MIAMI -- Royal Caribbean Cruises Ltd. said third-quarter profits
were $193.5 million on revenues of $1 billion, compared with
earnings of $159.2 million on revenues of $940.7 million in the
third quarter of 2001.
Net yields for the quarter were down 1.7% from the third quarter
of 2001. The company said yields for the full year are expected to
be down between 1% and 2% over 2001.
RCCL said the increased revenues for third-quarter 2002, which
it called a "record high," were due to a 15.9% capacity increase,
partially offset in a decline in air/sea bookings.
The company took a charge of $20 million in the quarter,
recorded in connection with a previously disclosed potential
RCCL also said it has moved up delivery on two ships: The
Serenade of the Seas will be delivered in the third-quarter 2003;
the Mariner of the Seas will be delivered in the fourth-quarter
2003, as previously reported.