Royal Caribbean Cruises: Buy The Fuel Fears - Risks Mostly Baked In

Royal Caribbean is an even Better Buy after the selloff, supported by the likely to remain resilient operations despite the ongoing fuel risks from the Iran conflict. My optimism is supported by the robust booking trends at "record prices" and certain fleet repositioning to Mediterranean sailings, with it triggering the growing customer deposits on a QoQ/YoY basis. RCL's updated FY2026 guidance continues to reflect a profitable growth prospect and a reasonable fuel to revenue ratio, with the caveat that fuel prices peak at current levels.