A decrease in net income for Royal Caribbean’s third quarter did not dampen the announcement that negotiations are underway for the possible construction of a third Oasis-class ship.
Reported during the company’s third quarter results last week, Royal Caribbean International chairman and CEO Richard D. Fain noted that whilst an agreement has not yet been entered into, they hope to do so by the end of the year.
“The Oasis of the Seas and Allure of the Seas have proven themselves to be exceptionally attractive ships by generating the highest guest satisfaction ratings in the fleet couples with very compelling financial returns,” Mr Fain said.
“Ordering another such ship for delivery in 2016, at a lower cost, with better energy efficiency is very consistent with our balanced goals of prudent growth, return improvement and debt reduction.”
Whilst close-in bookings were stronger than anticipated across most itineraries, Royal’s net income was reported at USD$367.8 million or USD$1.68 per share versus USD$399.0 million or USD$1.82 per share in 2011.
Citing the impact of the Costa Concordia tragedy on the second and third quarter results, the company expects the fourth quarter Net Yields to increase by approximately one percent on both Constant-Currency and As-Reported bases.
Settle in for a luxury voyage as you sail from Sydney to Singapore on board Cunard’s elegant Queen Elizabeth.
Free flight and hotel stay
In Sydney, you’ll embark the exquisite Queen Elizabeth. Stunning accommodation and the most exceptional fine dining you’ll ever experience at sea are just some of this ship’s glamorous delights. Settle into your luxury surroundings as you set sail for Singapore, discovering a wealth of captivating destinations along the way.