Royal Caribbean Lowers Outlook on Fuel Costs, Weak Pound
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Royal Caribbean Cruises Ltd. lowered its outlook for 2016 profit, citing an increase in fuel prices and a weak British pound following the U.K. vote to leave the European Union.
Full-year earnings excluding some items will be $6 to $6.10 per share, down from a previous range of $6.15 to $6.35, according a statement from the Miami-based company Tuesday.