Royal Caribbean Cruises Q4 Earnings Call Highlights

Chief Financial Officer Naftali Holtz said fourth-quarter net yields grew 2.5% on a constant-currency basis, slightly above the midpoint of guidance, on 10% capacity growth. He added that total revenue rose 13% in the quarter and net cruise costs excluding fuel decreased 6.3% in constant currency, in line with guidance. Adjusted earnings per share in the quarter were $2.80, with outperformance versus guidance driven by favorable revenue and stronger joint venture performance.Chairman and CEO Jason Liberty c ...