Royal Caribbean records best Q3 results

ROYAL Caribbean Cruises has recorded the strongest third quarter financial results in the company’s 20-year history.

US GAAP and Adjusted Net Income for Q3 came in at US$752.8m, up by US$59.5m on the same period last year.

Assisting the bottom line was a reduction in operating costs for the quarter, most notably a decrease in fuel costs.

RCL were happy with the results, especially in light of the quarter having been adversely affected by the recent spate of hurricanes that saw trips cancelled, costing the company an estimated US$55m.

“Delivering record earnings during a period of such unprecedented disruption is a testament to the strength of our brands,” said Jason T. Liberty, executive vice president and chief financial officer.