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Royal Caribbean reports better than expected first quarter earnings

28 Apr 2017
Matt Hochberg

Royal Caribbean reported its first quarter 2017 earnings, with a net income of $214.7 million. The earnings per share were better than expected mainly due to improved revenue and overall bookings for the rest of the year continue to perform as expected.

The company also announced today board authorization for a $500 million share repurchase program.

Royal Caribbean reported thus far, the year has developed very much along the trajectory the company projected at the beginning of the year. Bookings started the year on a very strong note and continued to please. This strong demand for cruises generally has offset the recent headwinds from the disrupted Korean sailings mainly during the second and third quarters.

You can read the full quarterly earnings report here.

Matt started Royal Caribbean Blog in 2010 as a place to share his passion for all things Royal Caribbean with readers. He oversees all the writers at Royal Caribbean Blog, and writes a great deal of content on a daily basis.  He has become one of the foremost expert on a Royal Caribbean cruise.

Over the years, he has reached Pinnacle Club status with Royal Caribbean's customer loyalty program.

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