Royal Caribbean Posts Quarterly Profit

Royal Caribbean Cruises Ltd, parent of Royal Caribbean International and Celebrity Cruises, said it had a solid first quarter 2006 performance with net income of $119.5 million and a 1.9 percent increase in net yields. For the full year, the company expects net yields to increase 3–4 percent, and for the second quarter 2006, RCCL projects a 5 percent yield increase. The company said in its earnings report that the "pace of bookings and consumer demand remains positive."

Read more on