At Royal Caribbean's annual shareholder meeting, executives said it expects a few more not-so-great months before business turns around.
The impact of the deadly Costa Concorida disaster are still rumbling through the cruise industry and Royal Caribbean is not immune to it. Royal Caribbean chief financial officer Brian Rice said future booking volumes have been off since the Concordia shipwreck back on January 13.
Rice expects Royal Caribbean to feel the greatest impact from the crash in the second and third quarters of 2012 but 2013 looks to be "healthy". Rice also cited other negative influences such as consumer spending, economic instability in Europe, fuel costs and the company's debt.
On the positive side of things, Royal Caribbean's global reach, customer engagement and a moderate pace of growth and fuel hedging are contributing to help the company's stock price.
