RCL - Royal Caribbean Cruises Through Q1 As Demand And Pricing Remains High | Benzinga
Royal Caribbean Cruises Ltd (NYSE:RCL) reported first-quarter 2024 revenue growth of $3.73 billion, a 29.2% year-over-year increase, beating the analyst consensus estimate of $3.7 billion.
Passenger ticket revenues rose 34% Y/Y to $2.54 billion versus last year.
Total cruise operating expenses were $2.06 billion versus $1.79 billion a year ago.
Gross Cruise Costs per Available Passenger Cruise Days (APCD) increased 5.1%.
Gross margin yields increased 60.3% as-reported, and net yields increased 19.3% in constant currency versus first-quarter 2024.
Operating income for the quarter jumped 175% to ...