Royal Caribbean Q1 Income Improves


Royal Caribbean has reported a net income of $87.4m in Q1 2010 compared to a net loss of $36.2m a year earlier.

During the period the cruise company's revenue increased 12% to $1.49bn from $1.33bn in 2009, according to miamiherald.com.

Royal Caribbean's net yields declined 14.2% in the year.

The modified cruise prices resulted in a 2.6% increase in the net revenue generated per berth per day from the year-ago quarter.

In 2010 the cruise operator will focus on holding down cruise costs while expecting a 4-5% increase in net yields.

Royal Caribbean’s net cruise cost, or how much it spends per berth per day, was down 2.2%, which was better than the flat level it expected.