Royal Caribbean Cruises reported robust Q3 2024 financial results, with total revenues increasing 17% to $4.9 billion from $4.2 billion in Q3 2023. Net income rose to $1.1 billion, or $4.21 per share, driven by strong ticket pricing and onboard spending. Passenger ticket revenues grew 18% to $3.5 billion, while onboard and other revenues increased 16% to $1.4 billion.The company achieved significant operational improvements with occupancy reaching 111% and available passenger cruise days expanding 10.9% year-over-year. The capacity growth was fueled by the additions of new ships including Utopia of the Seas, Icon of the Seas, Celebrity Ascent, and Silver Ray. Total cruise operating expenses increased 11.9% to $2.4 billion, primarily due to higher capacity.During the quarter, Royal Caribbean completed several strategic financing initiatives, including issuing $2 billion of 6% senior notes due 2033 and exchanging $827 million of convertible notes. The company maintained strong liquidity of $3.9 billion as of September 30, including $0.4 billion in cash and $3.5 billion in undrawn credit facilities. The Board declared a quarterly dividend of $0.40 per share, reflecting confidence in the company's financial position.

Royal Caribbean Cruises reported robust Q3 2024 financial results, with total revenues increasing 17% to $4.9 billion from $4.2 billion in Q3 2023. Net income rose to $1.1 billion, or $4.21 per share, driven by strong ticket pricing and onboard spending. Passenger ticket revenues grew 18% to $3.5 billion, while onboard and other revenues increased 16% to $1.4 billion.The company achieved significant operational improvements with occupancy reaching 111% and available passenger cruise days expanding 10.9% year-over-year. The capacity growth was fueled by the additions of new ships including Utopia of the Seas, Icon of the Seas, Celebrity Ascent, and Silver Ray. Total cruise operating expenses increased 11.9% to $2.4 billion, primarily due to higher capacity.During the quarter, Royal Caribbean completed several strategic financing initiatives, including issuing $2 billion of 6% senior notes due 2033 and exchanging $827 million of convertible notes. The company maintained strong liquidity of $3.9 billion as of September 30, including $0.4 billion in cash and $3.5 billion in undrawn credit facilities. The Board declared a quarterly dividend of $0.40 per share, reflecting confidence in the company's financial position.