The world’s second largest cruise operator Royal Caribbean Cruises (RCL:NYSE) is expected to release its fourth quarter and full year 2024 earnings before the market opens on 28 January.

Analysts expect the US cruise operator to report a profit of $1.49 per share up 19.2% from $1.25 per share in the same quarter a year ago.

Royal Caribbean third quarter 2024 performance exceeded expectations driven by strong pricing, onboard revenue growth and effective cost management.

Jason Liberty, president, and CEO said at the time that the company had benefited from first-time cruisers and its three-and-four-night cruise offering.

The company which has 68 ships across five global and partner brands - including Royal Caribbean, Celebrity Cruises and Silversea Cruises has seen shares steam ahead over the past year by 90% to $241 as demand for sea-based holidays continues in Europe and the US.

‘With the redeployment of its fleet in mid-2022 occupancy has returned to historical levels and profits and cash flow growth has begun to normalise,’ says Jaime M Katz, senior equity analyst at Morningstar. 

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