Royal Caribbean's profit jumps on higher European demand

July 24 Thu Jul 24, 2014 8:49am EDT

July 24 (Reuters) - Royal Caribbean Cruises Ltd, the world's second-largest cruise operator, reported a big jump in quarterly profit as demand for its European cruises rose and passengers spent more onboard.

The company's net income rose to $137.7 million, or 62 cents per share, in the second quarter ended June 30, more than five times the $24.7 million, or 11 cents per share, it reported a year earlier.

Total revenue rose 5 percent to $1.98 billion.

Royal Caribbean said net yields, which include ticket sales and spending on board, rose 2.6 percent, excluding the impact of currency fluctuations. (Reporting by Devika Krishna Kumar in Bangalore; Editing by Savio D'Souza)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

A tourist takes a plunge as she swims at Ngapali Beach, a popular tourist site, in the Thandwe township of the Rakhine state, October 6, 2013. Picture taken October 6, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY) - RTR3FOI0

Where do you want to go?

We look at when to take trips, budget considerations and the popularity of multigenerational family travel.   Video