Cruise operators, heavily dependent on fuel oil and marine gas oil, are navigating a tougher environment as stalled U.S.-Iran negotiations raise concerns about prolonged disruptions to the Middle Eastern supply, driving up oil prices.
Fuel costs, based on current at-the-pump rates, net of hedging, are expected to be about $1.3 billion, or $0.62 per share, higher than the prior forecast, Royal Caribbean said.
Still, its shares rose about 5% in premarket trading, after it beat quarterly profit estimates.
The company expects adjusted profit for fiscal 2026 to be in the range of $17.10 to $17.50 per share, compared with its prior forecast of $17.70 to $18.10.
It posted an adjusted profit of $3.60 per share for the first quarter, compared with analysts' average estimate of $3.19 per share, according to data compiled by LSEG.
