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Royal Caribbean Cruises Ltd. today announced an increase in the fuel supplement it charges guests. |
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In its ongoing efforts to deal with record fuel prices, RCI announced it will increase the supplimental fuel charge for first and second guests in a stateroom, the revised fuel supplement will be $8 (U.S.D.) per-person, per-day, and no more than US$112 per-person, per-cruise. Additional guests in a stateroom will be charged $3 (U.S.D.) per-person, per day, and no more than $42 (U.S.D.) per-person, per-cruise. The revised fuel supplement will apply to bookings made throughout the world on or after May 1, 2008, onboard three Royal Caribbean Cruises Ltd. brands: Royal Caribbean International, Celebrity Cruises and Azamara Cruises. |
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Carnival Corp. Declares Dividend, Appoints Committee Members |
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Carnival Corp. held its annual shareholders and
boards of directors meetings in Coral Gables, Fla., and announced a
quarterly dividend and three board committee appointments. On April
23, the boards declared a dividend of 40 cents per share. The boards
approved a record date for the quarterly dividend of May 23 and a
payment date of June 13. Laura Weil was appointed as a member of the Compensation Committees; Richard Capen was appointed as a member of the Health, Environmental, Safety & Security Committees and resigned as a member of the Audit Committees; and Uzi Zucker was appointed to the Audit Committees. These appointments fill the vacancies created by the previously announced retirement of Baroness Sarah Hogg. The committee appointments and Hogg’s retirement became effective April 22. |
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Royal Caribbean First Quarter Profits Skyrocket |
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Royal Caribbean Cruises Ltd. announced first-quarter
profits of $75.6 million, or 35 cents per share, compared to net
income of $8.8 million, or 4 cents per share in the same period last
year. The company said the significant increase in earnings was due primarily to increased capacity and higher yields, offset by higher fuel prices. Revenues for the first quarter 2008 increased to $1.4 billion from revenues of $1.2 billion in the first quarter 2007. Higher fuel prices increased costs by $60 million in the first quarter, which reduced earnings per share by $0.28. Fuel prices increased 53 percent. The average at-the-pump price for the quarter was $592 per metric ton versus $388 per metric ton in 2007. The company expects a 5.1 percent increase in capacity in 2008, driven primarily by a full year of Liberty of the Seas, the Independence of the Seas entering service in May, Pullmantur’s purchase of Pacific Star, and Celebrity Solstice entering service in the fourth quarter. Based on current ship orders, projected capital expenditures for 2008, 2009, 2010, 2011, and 2012, are estimated to be $1.9 billion, $2 billion, $2.2 billion, $1 billion, and $1 billion, respectively. |
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CLIA Names Lanie Fagan Director of Communications |
| Cruise Lines International Association named Lanie Fagan as director of communications, based in the Fort Lauderdale office. Before joining CLIA, Mrs. Fagan was the associate director of corporate communications with KPMG in Montvale, N.J. |
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Cruise West Names Krastch Sales Director |
| Seattle-based Cruise West hired Thomas Kratsch as director of sales. Kratsch formerly was vice president of operations at All-Travel.com. Kratsch will be accountable for sales activities and initiatives as well as developing and executing new and existing sales programs and activities that generate revenue for Cruise West. |
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Wayne Byers appointed SVP of Global Resources for Carnival Corp.& PLC |
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Wayne Byers, a longtime veteran of the cruise industry, has been named senior vice president of global human resources for Miami-based Carnival Corporation & plc. In this newly created position, Byers will be responsible for developing and implementing a corporate human resource management strategy across Carnival Corporation & plc's worldwide organization, which includes offices in North America, Europe and Australia. |