Royal Caribbean Posts Q2 Loss

Royal Caribbean Cruises (RCC) has reported a loss of $35.1 million, or $0.16 per share, on revenues of $1.3 billion for the second quarter ended June 30, 2009, compared to net income of $84.7 million, or $0.40 per share, on revenues of $1.6 billion for the same quarter last year.

RCC attributed the loss mainly to the lingering recession and the H1N1 virus, but Chairman and CEO Richard Fain said the company is building a strong earnings platform for the future with the new Solstice and Oasis classes of ships.

Following a first quarter loss as well, RCC’s guidance for year-end earnings is in the range from $.70 to $0.80, compared to actual earnings of $2.68 last year. The guidance for Q3 is for net earnings in the range from $0.95 to $1.00.

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