Royal Caribbean Cruises said
better-than-expected revenue and net income during the third
quarter of 2007 was mainly due to stronger late bookings that drove
The cruise company
boosted its net income during the third quarter 14% to $395
million; revenues increased 19.4% to $2 million.
Net yields in the
third quarter increased by 4.1%; net cruise cots per available
passenger cruise days increased 6.7%. Fuel prices were up 7.1%, the
RCCL CEO Richard
Fain said that, looking towards the fourth quarter, "we are
encouraged by the strength of our late-season European itineraries,
and the continuing recovery in the Caribbean pricing environment."
RCCL said it expected net yields to rise 9% in the fourth quarter
compared with fourth quarter 2006.
The company also
said that booking levels and ticket prices were "up nicely" for
first quarter 2008 compared with the same period in
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