HighGravityDataRoyal Caribbean Cruises — Jul 28, 2026 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000884887-26-000036
Showing in the filing
Net Cruise Costs per APCD ex. Fuel vs. 2025 (Constant Currency)
“(1.6)% to (1.1)%”
Period
Q3 FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 53
Revenue growth for FY2026
“9%”
Net Yields for FY2026
“2.35% to 2.85% as-reported and 1.75% to 2.25% in Constant Currency”
Net Yields vs. 2025 (Constant Currency) for FY2026
“1.75% to 2.25%”
Net Yields (As-Reported & Constant Currency) for Q3 FY2026
“approximately flat”
Perfecta Program Adjusted EPS CAGR (first tw… for the long term
“23%”
Perfecta Program Adjusted EPS CAGR target for the long term
“20%”
Total revenue growth for Q3 FY2026
“8%”
NCC excluding Fuel per APCD (As-Reported) for Q3 FY2026
“1.7% to 1.2%”
NCC, excluding Fuel, per APCD for Q3 FY2026
“1.7% to 1.2% as-reported and 1.6% to 1.1% in Constant Currency”
NCC excluding Fuel per APCD (Constant Curren… for Q3 FY2026
“1.6% to 1.1%”
Fuel Forecasted Consumption Hedged via swaps for FY2026
“58%”
Fuel Hedged via swaps (Q3) for Q3 FY2026
“58%”
Fuel Forecasted Consumption Hedged via swaps for FY2027
“53%”
Fuel Forecasted Consumption Hedged via swaps for FY2028
“29%”
Fuel Forecasted Consumption Hedged via swaps for FY2029
“14%”
Hedge Portfolio Annual Average Cost per Metr… for FY2026
“approximately $474”
Fuel Consumption (metric tons) for Q3 FY2026
“441,000”
Fuel Consumption (metric tons) for FY2026
“1,756,000”
Fuel expense for Q3 FY2026
“$362 million”
Fuel Expense (Q3) for Q3 FY2026
“$362 million”
Fuel Expenses for FY2026
“$1,338 million”
Percent Hedged (fwd. consumption) for Q3 FY2026
“58.0%”
Net Cruise Costs per APCD vs. 2025 (As-Repor… for Q3 FY2026
“0.3% to 0.8%”
Net Cruise Costs per APCD vs. 2025 (Constant… for Q3 FY2026
“0.4% to 0.9%”
Net Cruise Costs per APCD ex. Fuel vs. 2025 … for Q3 FY2026
“(1.7)% to (1.2)%”
Net Cruise Costs per APCD ex. Fuel vs. 2025 … for Q3 FY2026
“(1.6)% to (1.1)%”
Net Yields vs. 2025 (As-Reported) for FY2026
“2.35% to 2.85%”
Net Cruise Costs per APCD vs. 2025 (As-Repor… for FY2026
“Approximately 1.7%”
Net Cruise Costs per APCD vs. 2025 (Constant… for FY2026
“Approximately 1.4%”
NCC, excluding Fuel, per APCD (as-reported) for FY2026
“approximately 0.4%”
Net Cruise Costs per APCD ex. Fuel vs. 2025 … for FY2026
“Approximately 0.4%”
APCDs for Q3 FY2026
“14.9 million”
APCDs for FY2026
“56.9 million”
Capacity change vs. 2025 for Q3 FY2026
“8.5%”
Capacity change vs. 2025 for FY2026
“6.6%”
Depreciation and amortization for Q3 FY2026
“$485 to $495 million”
Depreciation and amortization for FY2026
“$1,905 to $1,915 million”
Net Interest, excluding loss on extinguishme… for Q3 FY2026
“$255 to $265 million”
Net Interest, excluding loss on extinguishme… for FY2026
“$980 to $990 million”
Adjusted EPS for Q3 FY2026
“$6.26 to $6.36”
Adjusted EPS for Q3 FY2026
“$6.26 to $6.36”
Adjusted EPS for FY2026
“$17.73 to $17.87”
Share Repurchase Program Remaining Authoriza…
“$805 million”
Capital expenditures for FY2026
“approximately $4.7 billion”
Non-new ship related capital expenditures for FY2026
“$1.6 billion”
Capacity changes for FY2026
“6.6%”
Capacity change vs. 2025 for FY2028
“6%”
Capacity change vs. 2025 for FY2027
“4%”
Capacity changes for FY2027
“4%, 6%, and 7%”
Capacity change vs. 2025 for FY2029
“7%”
Perfecta Program ROIC target (Definitions) for FY2027
“17% or higher”
Private Destinations Portfolio for FY2028
“from three to eight”
River Cruising Launch for FY2027
“enter river cruising in 2027”
Exhibit 99.1 · the passage around this item
… earlier in the release
consumption) 58.0% 58.0% GUIDANCE As-Reported Constant Currency Third Quarter 2026 Net Yields vs. 2025 Approximately Flat Approximately Flat Net Cruise Costs per APCD vs. 2025 0.3% to 0.8% 0.4% to 0.9% Net Cruise Costs per APCD ex. Fuel vs. 2025 (1.7)% to (1.2)% (1.6)% to (1.1)% Full Year 2026 Net Yields vs. 2025 2.35% to 2.85% 1.75% to 2.25% Net Cruise Costs per APCD vs. 2025 Approximately 1.7% Approximately 1.4% Net Cruise Costs per APCD ex. Fuel vs. 2025 Approximately 0.4% Approximately Flat GUIDANCE Third Quarter 2026 Full Year 2026 APCDs 14.9 million 56.9 million Capacity change vs. 2025 8.5% 6.6% Depreciation and amortization $485 to $495 million $1,905 to $1,915 million Net Interest, excluding loss on extinguishment of debt $255 to $265 million $980 to $990 million Adjusted EPS $6.26 to $6.36 $17.73 to $17.87 SENSITIVITY Third Quarter 2026 Full Year 2026 1% Change in Net Yields $45 million $156 million 1% Change in NCC excluding Fuel $18 million $73 million Third Quarter 2026 Remainder of Year 2026 1% Change in Currency $8 million $14 million 10% Change in Fuel prices $13 million $26 million 100 basis pt. Change in SOFR $0.2 million $1.8 million Exchange rates used in guidance calculations GBP $1.34 AUD $0.70 CAD $0.71 EUR $1.14 Liquidity As of June 30, 2026, the Group’s liquidity position was $6.9 billion, which includes cash and cash equivalents and undrawn revolving credit facility capacity. In July, the company increased its revolving credit fa
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.