Royal Caribbean Group

RCL: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Royal Caribbean Earnings: Fuel Costs Hit 2026 Outlook, but Demand Remains Robust

Jaime M Katz

Apr 30, 2026

Royal Caribbean's first-quarter results included 3.6% net revenue yield growth and a 1.2% net cruise cost decline, rendering adjusted EPS of $3.60, ahead of its $3.18-$3.28 guidance. Incremental fuel costs of $0.62 prompted a reduction to the full-year outlook to $17.10-$17.50, from $17.70-$18.10.

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Royal Caribbean Group

Royal Caribbean Earnings: Fuel Costs Hit 2026 Outlook, but Demand Remains Robust

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