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
Private destinations portfolio expansion
“from three to eight”
Period
FY2028
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
The company operates 69 ships sailing to more than 1,000 destinations across all seven continents through its three wholly owned brands -Royal Caribbean, Celebrity Cruises, and Silversea - and a 50% joint venture interest in TUI Cruises which operates the Mein Schiff and Hapag-Lloyd brands . The Group is expanding its portfolio of private destinations from three to eight by 2028 through its Perfect Day and Royal Beach Club collections, and the company will enter river cruising in 2027 with Celebrity River Cruises. Powered by innovative brands, advanced technology, and an industry-leading loyalty program, the company has built a connected vacation ecosystem, turning the vacation of a lifetime into a lifetime of vacations. Named to the Fortune World’s Most Admired Companies 2026 list and to Forbes’ 2026 Best American Companies lists, Royal Caribbean Group is guided by its mission to deliver the best vacations responsibly. For more information, visit www.royalcaribbeangroup.com. Cautionary Statement Concerning Forward-Looking Statements Certain statements in this press release relating to, among other things, our future performance estimates, forecasts and projections constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to: statements regarding revenues, costs and financial results for 2026 and beyond; anticipated timing for launch of private destinations; our progress toward achievement of our Perfecta program; demand for our brands; expectations on timing for
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.