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Royal Caribbean cutting 400 jobs as fuel prices bite

Cruise operator Royal Caribbean Cruises Limited reported sharply lower second-quarter earnings Monday, blaming higher fuel prices, and said it would cut 400 jobs. Royal Caribbean earned US$84.7 million, or 40 cents a share, in line with Wall Street expectations...

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Major U.S. Corporations Feeling Consumer Woes

The deepening plight of the U.S. consumer has started to take a big bite out of corporate earnings. A number of major U.S. companies that rely on consumer spending warned about their results Monday evening, including American Express, Apple and Royal Caribbean Cruises.

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Rough Waters Ahead For Cruising? Royal Caribbean Cuts 400 Jobs

Hard times for the world of cruising? Royal Caribbean Cruises announced today that they have cut 400 jobs and are making other cost-cutting measures to reduce annual expenses by $125 million. Chairman and CEO Richard Fain has named soaring fuel prices and the economic downturn as a factor in the moves. The announcement followed lower-than-expected second quarter earnings. So far though, bookings have...

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Fuel costs hit Royal Caribbean; Cutting 400 jobs

Cruise operator Royal Caribbean Cruises Ltd. reported sharply lower second-quarter earnings Monday, blaming higher fuel prices, and said it would cut 400 jobs.

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Royal Caribbean Cruises profit narrows in Q2

Cruise operator hurt by doubling of fuel costs. 22 Jul 2008 8:31 AM

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Royal Caribbean cuts 400 jobs

By MARTHA BRANNIGAN mbrannigan@MiamiHerald.com Royal Caribbean Cruises, hammered by soaring fuel prices, unveiled plans Monday to eliminate 400 positions and slash operating expenses by $125 million, or 3.5 percent.

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Royal Caribbean Q2 net income falls amid record oil prices

SAN FRANCISCO (MarketWatch) -- Royal Caribbean Cruises late Monday reported its second-quarter net income fell to $84.7 million, or 40 cents a share, from $128.7 million, or 60 cents a share, a year earlier. Revenue increased to $1.58 billion from $1.48 billion in the same quarter last year. Analysts had forecast earnings of 40 cents a share on revenue of $2.05 billion. The company expects earnings...

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Royal Caribbean Cruises Ltd. Announces Second Quarter Earnings and Major Cost Savings Initiatives

MIAMI, July 21 /PRNewswire-FirstCall/ -- Royal Caribbean Cruises Ltd. (NYSE: , Oslo). Key Highlights -- Second Quarter Net Income of $84.7 million, or $0.40 per share. -- Cost savings program expected to save approximately $125 million annually. -- Revenue environment remains solid: -- Net Yields expected to be up 3% to 4 % for the full year. -- Full year 2008 results in line with original...

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Will fuel costs hurt Royal Caribbean earnings?

Cruise operator Royal Caribbean Cruises reports earnings for the second quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period.

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Earnings Preview: Royal Caribbean Cruises

Cruise operator Royal Caribbean Cruises Ltd. reports earnings for the second quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: Royal Caribbean’s shares fell sharply during the quarter as investors anticipated that soaring fuel prices would take a toll on the company’s earnings. Royal Caribbean has [...]

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Zacks Analyst Blog Highlights: Dow Chemical Co., Rohm and Haas Co., Aflac Inc., Royal Caribbean Cruises Ltd. and Lawson Software, Inc.

CHICAGO - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Dow Chemical Co. (NYSE:

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Cruise line says it broke wastewater discharge law

Royal Caribbean Cruises says it mistakenly broke state law in discharging about 20,000 gallons of wastewater into Chatham Strait in Southeast Alaska.

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Cruise line says it broke law discharging wastewater

Royal Caribbean Cruises says it mistakenly broke state law in discharging about 20,000 gallons of wastewater into Chatham Strait in Southeast Alaska.

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MODA Summer Blowout Sale

MODA Summer Blowout Sale June 20 - 30, 2008 50% Off Spring and Summer Styles (We are making room for new styles - arriving July 7th) We’re giving away 50 ROYAL CARIBBEAN CRUISES for two to the first 50 people to spend $150 or more at the sale Total Value between $800 - [...]