Poor profits mean cheaper deals
It looks like the financial analysts do know what they were talking about, after all. Although not quite as right as they thought they were. Royal Caribbean, announcing last year’s results, have admitted that profit prospects for 2009 are even worse than anticipated. The recession is hitting cruise ship bookings, particularly in the United States, and RCL’s net income in the last three months of 2008 fell 98 per cent to $1.48 million, equivalent to one cent a share. Wall Street had been forecasting a profit of seven cents a share. For 2009, RCL are expecting a drop of 14 [...]