Royal Caribbean reported its third quarter 2016 financial results on Friday, which included higher-than-expected quarterly profit attributed to strong demand for North American cruises and increased onboard spending.

Continued strength in demand for North American cruises was a key driver for Royal Caribbean's strong quarter, with the rest of the itineraries performing within expectations.  This strong demand helped offset the impact from the delay in opening Empress of the Seas sailings in the fourth quarter. Onboard revenue growth continued to outpace net yield growth, even after an extraordinary outperformance last summer. In addition, favorable trends in both currency and fuel helped the quarter.

Net revenue yields, which take into account spending per available berth, rose 0.4 percent for the third quarter ended Sept. 30.

Royal Caribbean's net income rose to $693.3 million, or $3.21 per share, in the quarter, from $228.8 million, or $1.03 per share, a year earlier, when the company took a non-cash charge of $399.3 million related to its Pullmantur brand.

Total revenue rose 1.6 percent to $2.56 billion. Analysts on average had expected a revenue of $2.58 billion, according to Thomson Reuters I/B/E/S.

Excluding items, the company earned $3.20 per share, beating analysts' average estimate by 10 cents.

At this time, 2017 itineraries are booked ahead of last year in both rate and volume. New ships including Harmony of the Seas and Ovation of the Seas are seeing strong trends, supporting a solid outlook for 2017.

Royal Caribbean will hold a conference call on October 28, 2016, at 10am to discuss its third quarter 2016 financial results.

The call will be available on-line at the company's investor relations web site, www.rclinvestor.com. To listen to the call by phone, please dial (877) 663-9606 in the US and Canada. International phone calls should be made to (706) 758-4628. There is no passcode or meeting number.

A replay of the webcast will be available at the same site for a month following the call.

Royal Caribbean reported its second quarter 2016 earnings today, with US GAAP Net Income of $229.9 million or $1.06 per share, compared to $185.0 million or $0.84per share in 2015.  

Adjusted Net Income for the second quarter of 2016 was $235.2 million, or $1.09 per share, up over 25% versus the same quarter last year.  The outperformance for the quarter was primarily driven by better than anticipated fuel expense. 

"Our business remains strong and we continue to improve our return profile," said Richard Fain, chief executive officer. "This keeps us solidly on our path towards the Double-Double."

The company's booked position for the remainder of 2016 remains strong, similar to last year's record levels.

"While there are always puts and takes in our key markets, our portfolio is performing as expected, our booked position remains strong, and our newbuilds are entering their markets to great fanfare," said Jason T. Liberty, chief financial officer. "These factors are driving another year of record earnings."

You can see the full second quarter financial results here.

Royal Caribbean will hold a conference call on August 2, 2016 at 10:00 a.m. to discuss its second quarter 2016 financial results.

The call will be available on-line at the company's investor relations web site, www.rclinvestor.com. To listen to the call by phone, please dial (877) 663-9606 in the US and Canada. International phone calls should be made to (706) 758-4628. There is no passcode or meeting number. A replay of the webcast will be available at the same site for a month following the call.

Royal Caribbean will hold a conference call on April 29, 2016 at 10:00am to discuss its first quarter 2016 financial results.

The call will be available on-line at the company's investor relations website, www.rclinvestor.com. To listen to the call by phone, please dial (877) 663-9606 in the US and Canada. International phone calls should be made to (706) 758-4628. There is no passcode or meeting number. A replay of the webcast will be available at the same site for a month following the call.

Royal Caribean reported fourth quarter 2015 financial results of a net income of $206.8 million.  That is up from a net income of $70 million in the same quarter last year.

Royal Caribbean attributes the higher income to stronger demand in the Caribbean and new China sailings in the winter.

Royal Caribbean also reported for the year, a profit of $665.8 million, or $3.02 per share. 

Looking forward to 2016, Royal Caribbean says its bookings are "roughly equal" to last year's record high, and at higher rates.

Continued strength from North American consumers is driving strong demand for North American products such as Caribbean, Alaska, and Bermuda which represent over 50% of capacity for the year. These North American products combined with strong demand for Northern Europe and Asia sailings are expected to more than offset current pricing challenges impacting the Mediterranean, Australia and Brazil.

In the second quarter of 2016, Royal Caribbean International will take delivery of its third Quantum class ship, Ovation of the Seas. Also debuting during the second quarter is its third Oasis class ship, Harmony of the Seas. Splendour of the Seas will leave the Royal Caribbean fleet in April.

"Our core brands are firing on all cylinders, our new ships are performing exceptionally well and our costs are well controlled. This is driving 40%+ earnings growth in two consecutive years," said Richard D. Fain, chairman and chief executive officer. "These very gratifying results combined with a strong start to Wave position us well on our path toward Double-Double."

Royal Caribbean will hold a conference call on February 2, 2016 at 10am to discuss its fourth quarter 2015 financial results.

The call will be available on-line at the company's investor relations web site,www.rclinvestor.com. To listen to the call by phone, please dial (877) 663-9606 in the US and Canada. International phone calls should be made to (706) 758-4628. There is no passcode or meeting number. A replay of the webcast will be available at the same site for a month following the call.

Royal Caribbean reported a 5.4 percent rise in quarterly revenue in its third quarter 2015 financial results.

Caribbean and European demand and strong performance in Asia more than off-set further weakness in Latin America.  In addition, Anthem of the Seas joining the fleet, efforts to drive incremental Onboard Revenue, and a continued focus on cost efficiencies also contribute to a stronger end of the year.

Royal Caribbean's total revenue jumped to $2.52 billion from $2.39 billion a year earlier, in the third quarter.

"As we have reiterated throughout the year, we remain ahead on both pricing and volume versus same time last year," said Jason T. Liberty, chief financial officer. "While Latin America is stressing yields in the fourth quarter, strong year-over-year pricing in the Caribbean, and the addition of capacity in China, will solidify this fourth quarter as the best in our company's history."

Royal Caribbean also announced a $500 million share repurchase program, where the company will look to buyback its common stock. The company plans to begin with an accelerated share repurchase transaction of $200 million that should be completed by the end of January 2016. The company expects to complete the program by year-end 2016.

Royal Caribbean will hold a conference call on October 23, 2015 at 10am to discuss its third quarter 2015 financial results.

The call will be available on-line at the company's investor relations web site, www.rclinvestor.com. To listen to the call by phone, please dial (877) 663-9606 in the US and Canada. International phone calls should be made to (706) 758-4628. There is no passcode or meeting number.

A replay of the webcast will be available at the same site for a month following the call.