How Royal Caribbean's CEO Is Fighting Back Against Rising Fuel Prices & Tariffs

Royal Caribbean shares moved higher Thursday as investors were soothed by 2019 guidance, even amid a lackluster backdrop for the cruise industry.
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Royal Caribbean (RCL) - Get Report shares moved higher Thursday as investors were soothed by 2019 guidance, even amid a lackluster backdrop for the cruise industry, which includes rising fuel costs and stiff competition.

"While we are frustrated by foreign exchange and fuel rates, we are tickled pink that our business continues to excel and overcome these headwinds," said Richard D. Fain, chairman and CEO. "It is a pleasure to prove, once again, how strong our brands are and to demonstrate continued upside to our yields while maintaining strong expense control."

Royal Caribbean shares are down 4.4% since the start of the year.