Feb 4 Royal Caribbean Cruises Ltd, the
world's second-largest cruise operator, said on Monday that
strong U.S. business would mitigate lingering weakness in Europe
in 2013, which forced it to take a large impairment charge for
its struggling Spanish cruise line.
Royal Caribbean reported a fourth-quarter net loss of $392.8
million, or $1.80 per share, on revenue of $1.81 billion,
compared with a profit of $36.6 million, or 17 cents per share,
on revenue of $1.78 billion a year earlier.
The loss stemmed from a $413.9 million impairment charge
related to its Spanish cruise line Pullmantur, which has been
hit by austerity measures in that country, the company said.
Excluding that, Royal Caribbean reported a profit of 10
The cruise operator expects 2013 earnings of $2.30 per share
to $2.50 per share, and expects net yields, which reflect
passenger tickets and what customers spend on board, to be up
between 2 and 4 percent, excluding currency fluctuations.