HighGravityDataRoyal Caribbean Cruises — Apr 30, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000884887-26-000024
Showing in the filing
Adjusted EPS
“$17.10 to $17.50”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 62
Revenue growth for FY2026
“roughly 10%”
Net Yields for FY2026
“2.3% to 3.3% as-reported and 1.5% to 2.5% in Constant Currency”
Net Yields vs. 2025 (As-Reported) for FY2026
“2.3% to 3.3%”
Net Yields vs. 2025 (Constant Currency) for FY2026
“1.5% to 2.5%”
Fuel consumption hedged via swaps for FY2026
“59%”
Fuel hedge percentage for remainder of year for FY2026
“59% hedged”
Hedged (fwd. consumption) for FY2026
“59%”
Adjusted EPS year-over-year growth for FY2026
“11%”
Perfecta Program Adjusted EPS CAGR (first tw… for the long term
“21%”
Perfecta Program Adjusted EPS CAGR target for the long term
“20%”
Net Yields for Q2 FY2026
“approximately 0.9% as-reported and approximately 0.2% in Constant Currency”
Net Yields vs. 2025 (Constant Currency) for Q2 FY2026
“Approximately 0.2%”
NCC, excluding Fuel, per APCD for Q2 FY2026
“4.9% to 5.4% as-reported and 4.6% to 5.1% in Constant Currency”
NCC, excluding Fuel, per APCD (Constant Curr… for Q2 FY2026
“4.6% to 5.1%”
Net Cruise Costs per APCD ex. Fuel vs. 2025 … for Q2 FY2026
“4.6% to 5.1%”
Adjusted EPS year-over-year growth (ex geopo… for Q2 FY2026
“approximately 11%”
Fuel hedged via swaps for Q2 FY2026
“60%”
Fuel costs for FY2026
“approximately $1.3 billion”
Fuel costs, net of hedging for FY2026
“approximately $1.3 billion”
Fuel expense for FY2026
“approximately $1.3 billion”
Fuel consumption hedged via swaps for FY2027
“49%”
Fuel consumption hedged via swaps for FY2028
“30%”
Fuel consumption hedged via swaps for FY2029
“15%”
Average hedge cost per metric ton for FY2026
“$475”
Average hedge cost per metric ton for FY2027
“$408”
Average hedge cost per metric ton for FY2028
“$424”
Average hedge cost per metric ton for FY2029
“$451”
Fuel Consumption (metric tons) for Q2 FY2026
“423,000”
Fuel Consumption (metric tons) for FY2026
“1,755,000”
Fuel expense for Q2 FY2026
“$346 million”
Fuel Expenses for Q2 FY2026
“$346 million”
Fuel Expenses for FY2026
“$1,349 million”
Percent Hedged (fwd. consumption) for Q2 FY2026
“60.0%”
Percent Hedged (fwd. consumption) for FY2026
“59.0%”
Net Yields vs. 2025 (As-Reported) for Q2 FY2026
“Approximately 0.9%”
Net Cruise Costs per APCD vs. 2025 (As-Repor… for Q2 FY2026
“6.8% to 7.3%”
Net Cruise Costs per APCD vs. 2025 (Constant… for Q2 FY2026
“6.5% to 7.0%”
NCC, excluding Fuel, per APCD (as-reported) for Q2 FY2026
“4.9% to 5.4%”
Net Cruise Costs per APCD ex. Fuel vs. 2025 … for Q2 FY2026
“4.9% to 5.4%”
Net Cruise Costs per APCD vs. 2025 (As-Repor… for FY2026
“Approximately 1.9%”
Net Cruise Costs per APCD vs. 2025 (Constant… for FY2026
“Approximately 1.5%”
NCC, excluding Fuel, per APCD (as-reported) for FY2026
“approximately 0.5%”
Net Cruise Costs per APCD ex. Fuel vs. 2025 … for FY2026
“Approximately 0.5%”
APCDs for Q2 FY2026
“13.6 million”
APCDs for FY2026
“56.9 million”
Capacity change vs. 2025 for Q2 FY2026
“4.9%”
Capacity change vs. 2025 for FY2026
“6.7%”
Depreciation and amortization for Q2 FY2026
“$465 to $475 million”
Depreciation and amortization for FY2026
“$1,910 to $1,920 million”
Net Interest, excluding loss on extinguishme… for Q2 FY2026
“$230 to $240 million”
Net Interest, excluding loss on extinguishme… for FY2026
“$985 to $995 million”
Adjusted EPS for Q2 FY2026
“$3.83 to $3.93”
Adjusted EPS for FY2026
“$17.10 to $17.50”
Capital expenditures for FY2026
“approximately $5 billion”
Legend of the Seas delivery for Q2 FY2026
“second quarter of 2026”
Non-new ship related capital expenditures for FY2026
“$1.8 billion”
Capacity changes for FY2026
“6.7%”
Capacity change vs. 2025 for FY2029
“7%”
Capacity change vs. 2025 for FY2027
“4%”
Capacity changes for FY2027
“4%, 6%, and 7%”
Capacity change vs. 2025 for FY2028
“6%”
Private destinations portfolio expansion for FY2028
“from three to eight”
Exhibit 99.1 · the passage around this item
… earlier in the release
2025 Approximately 0.5% Approximately flat GUIDANCE Second Quarter 2026 Full Year 2026 APCDs 13.6 million 56.9 million Capacity change vs. 2025 4.9% 6.7% Depreciation and amortization $465 to $475 million $1,910 to $1,920 million Net Interest, excluding loss on extinguishment of debt $230 to $240 million $985 to $995 million Adjusted EPS $3.83 to $3.93 $17.10 to $17.50 SENSITIVITY Second Quarter 2026 Full Year 2026 1% Change in Net Yields $38 million $156 million 1% Change in NCC excluding Fuel $17 million $73 million Second Quarter 2026 Remainder of Year 2026 1% Change in Currency $5 million $19 million 10% Change in Fuel prices $12 million $39 million 100 basis pt. Change in SOFR $1 million $8 million Exchange rates used in guidance calculations GBP $1.36 AUD $0.72 CAD $0.73 EUR $1.18 Liquidity As of March 31, 2026, the Group’s liquidity position was $6.9 billion, which includes cash and cash equivalents and undrawn revolving credit facility capacity. In February 2026, the company issued $1.25 billion of 4.750% senior unsecured notes due 2033 and $1.25 billion of 5.250% senior unsecured notes due 2038. Proceeds from the offerings were used to refinance senior notes maturing in 2026, with remaining proceeds applied toward the repayment of other existing indebtedness, including term loans. These actions extended the company’s maturity profile and reduced near‑term debt maturities. Also during the quarter, the company purchased 2.9 million of its shares for a total of $836 million. The company has $1.0 billion remaining under its current share re
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.