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Royal Caribbean Sinks Further

Stock quotes in this article: RCL , CCL  

(Updates with closing price of stock.) Royal Caribbean(RCL Quote) is once again saying its full-year outlook will be lower than expected, anchored down by high fuel costs and swine-flu outbreak.

The cruise operator previously predicted 2009 profit of about $1.35 per share, with a 10 cents per share deduction for every 10% change in fuel prices.

The company said that since it provided its outlook in April, fuel costs have climbed about 45%. Using this metric, full-year earnings would presumably by 95 cents a share.

Royal Caribbean also announced earlier this month that the swine flu will lower its full-year earnings by about 22 cents per share. ...

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