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Latest News...Royal Caribbean Group (NYSE: RCL) today reported third quarter Earnings per Share ("EPS") of $5.74 and Adjusted EPS of $5.75. These results were better than the company's guidance primarily due to higher than expected close-in demand and lower costs. The company is raising its full year 2025 Adjusted EPS guidance to $15.58 to $15.63, representing 32% year-over-year growth. This increase...
Latest News...Oceania Cruises, the world's leading culinary- and destination-focused luxury cruise line, invites travelers to experience the ultimate global journey aboard the luxurious Oceania Vista during its 2027 Around the World cruise. In addition to options ranging from 127 days to more than eight months, the once-in-a-lifetime 244-day voyage has been thoughtfully divided into 17 immersive...
Latest News...Royal Caribbean Group is bringing the ultimate day to Santorini. Set to open in summer 2026, Royal Beach Club Santorini will welcome vacationers from Royal Caribbean and Celebrity Cruises and combine the breathtaking volcanic beaches of this iconic Greek island with the company's signature experiences alongside the vibrant Grecian spirit and culture to create the ultimate Santorini..
Royal Caribbean Cruises Ltd today noted the U.S. government's policy change on travel to Cuba and provided a range for its financial impact.
On June 4, 2019, the U.S. government announced that effective June 5th, 2019 authorized travel to Cuba under the People-to-People program is rescinded and travel to Cuba via cruise ships is prohibited. Therefore, effective June 5th, cruise ships will no longer be allowed to travel between the U.S. and Cuba.
The company has changed the itineraries for its June 5th and June 6th departures and is determining alternate destinations for future sailings. The company's primary concern is for its guests, and the company is working closely with them to offer alternative destinations and compensation for any inconvenience.
The company estimates that the financial impact of this regulatory change is a reduction to the Adjusted EPS for 2019 in the range of $0.25 to $0.35 per share.
"While the affected sailings impact only 3 percent of our 2019 capacity, the extremely short notice period for this high yielding destination amplifies the earnings impact," said Jason T. Liberty, executive vice president and CFO. "The result of this policy change has created a short-term impact to our guests, operations and earnings; fortunately, we have many alternative and attractive destinations for our guests to choose from."
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