Reports 1Q loss: Royal Caribbean Cruises Ltd., battered by a sharp and prolonged drop in vacation spending, said Thursday it lost less in the first quarter than expected as bookings stabilized and cruise costs declined more than anticipated.Falling fuel prices, the stronger dollar and internal cost-cutting all helped improve the results. The company's shares jumped $2.35, or 20.6 percent, to close at $13.76. The stock has traded between $5.40 and $33.78 during the past 52 weeks. more....
England year-round: The 3,600-passenger Independence of the Seas - currently world's largest cruise ship - already has spent one summer sailing out of Southampton, England after its debut last year. RCI announced the ship will remain in the city permanently starting with the summer of 2010.
Discounting: "Discounting continues to be aggressive," the line said today in a statement accompanying its first quarter earnings release.
Oasis of the Seas: Demand for the groundbreaking, 5,400 passenger ship, to debut in December, has been incredibly strong, despite the economic downturn, and the prices the vessel is commanding are well above what the line is getting for its other ships, company executives said today. "The level of bookings and the pricing for Oasis' first ten months is very exciting," Royal Caribbean CEO Adam Goldstein told Wall Street analysts during a conference call to discuss first quarter earnings. "In fact, the prices that Oasis is commanding . . . are really quite remarkable."