The company many love to hate is still making money

By Incorrect Author 4 November 2009

Royal Caribbean Cruises revealed in its results on Tuesday that although the cruise business was hit by the recession, it still managed to make money, albeit at a slower pace than before. Revenues were $1.76 billion in the third quarter, 17% less than in the same period last year, while profits were 44% down to $230.4 million. All in all, not bad, but even better news is around the corner as the company forecasts making a loss in 4th quarter, after which sailing should be much smoother for the providers of sardine, ah, okay, value-for-money, all-you-can-eat cruises. Read more: BusinessWeek

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