Iran War Dents Royal Caribbean’s Revenue Forecast

Skift Take Cruise line operators are underperforming the market for the first time post-COVID as war in the Middle East weighs on bookings. Royal Caribbean Cruises on Tuesday walked back some of its guidance cuts from the first quarter and trimmed its revenue outlook, noting prolonged conflict in the Middle East had a “modest, near-term impact” on bookings. Revenue is expected to grow 9% this year, down from last quarter’s 10% forecast. Net yields, a measure of daily revenue per passenger, is now expected to increase 2.35% to 2.85% in 2026, adjusted from the previous quarter’s 2.3% to 3.3% forecast. Earnings are expected to come in between $17.73 and $17.87 per share for the year, up from April’s projected $17.10 to $17.50 range. Royal Caribbean sai