Royal Caribbean: No Slowdown Here

Royal Caribbean Cruises reported strong bookings and net yield growth to drive robust Q1 performance despite fuel price headwinds. RCL maintains double-digit earnings growth guidance for 2026, with EPS forecast at $17.30, only slightly below prior guidance despite higher fuel costs. The cruise line continues to restrain capacity growth, targeted at 5% annually through 2029, with expansion into river cruises and disciplined supply supporting pricing and baseline growth.