Royal Caribbean Group posts “better than expected” Q3 performance

Royal Caribbean Group has reported a “better than expected” third-quarter performance, recording net income of US$1.6 billion and raising its full-year earnings per share (EPS) guidance to US$15.63. 

The improved outlook comes despite minor headwinds from adverse weather and the extended temporary closure of the group’s private destination, Labadee in Haiti.

The group, which comprises Royal Caribbean International, Celebrity Cruises and Silversea, achieved total revenues of US$5.1 billion, supported by an adjusted Ebitda of US$2.3 billion. 

Passenger numbers rose to 2.5 million, up 7% year on year, as capacity increased by 2.9%. 

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Load factor reached 112%, driven by strong performance from new vessels with higher occupancy rates.

Bookings remained resilient across both new and existing ships, with “particular acceleration” in late bookings and 2026 demand surpassing the previous year’s levels. 

Looking ahead, fourth-quarter capacity is forecast to climb 10.3% year on year, bolstered by the introduction of Star of the Seas in the third quarter, the upcoming mid-November debut of Celebrity Xcel, and fewer dry-dock days.