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
Capacity changes
“6.7%”
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
Non-new ship related capital expenditures are expected to be $1.8 billion, a significant portion of which includes the company's previously announced private destinations under development. Capacity changes for 2026 are expected to be 6.7% compared to 2025. Capacity changes for 2027, 2028, and 2029 are expected to be 4%, 6%, and 7%, respectively. These figures do not include potential ship sales or additions that the company may elect in the future. Page 2 Conference call scheduled The company has scheduled a conference call at 10 a.m. Eastern Time today. This call can be heard, either live or on a delayed basis, on the company's investor relations website at www.rclinvestor.com . Definitions Selected Operational and Financial Metrics Adjusted Earnings per Share ("Adjusted EPS") is a non-GAAP measure that represents Adjusted Net Income attributable to Royal Caribbean Cruises Ltd. (as defined below) divided by weighted average shares outstanding or by diluted weighted average shares outstanding, as applicable. We believe that this non-GAAP measure is meaningful when assessing our performance on a comparative basis. Adjusted EBITDA is a non-GAAP measure that represents EBITDA (as defined below) excluding certain items that we believe adjusting for is meaningful whe n assessing our profitability on a comparative basis. For the periods presented , these items included (i) other income; and (ii) restructuring charges and
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.