Royal Caribbean Cruises Ltd. Q1 2026 Earnings Call Summary
Performance outperformance was driven by a record WAVE season and consistently strong consumer engagement, with revenue growing 11% year-over-year. Management attributes the healthy consumer backdrop to excess cash and strong employment trends, with travel remaining the top priority for leisure spending. Geopolitical conflicts in the Middle East necessitated the temporary pause and repositioning of two TUI Cruise ships, which are now heading to the Mediterranean to begin their scheduled guest sailings ...