CRUISE NEWS
Royal Caribbean reports $3.6 million second quarter loss
In an earnings call earlier today Royal Caribbean Cruises LTD announced a second quarter loss of $3.6 million, compared to a $93.5 million profit the same quarter 2011.
“The steady drumbeat of negative news emanating out of Europe is certainly having an impact,” said Richard D. Fain, chairman and chief executive officer. Fain continued, “As a result, we are seeing pluses and minuses in the different geographical markets – North America is holding up reasonably well; Asia is a big plus; but Europe is a pretty consistent minus.”
You can read the entire earnings statement here.
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