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Royal Caribbean CEO: 'We Are Feeling Really Good'

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Royal Caribbean Cruises Ltd (NYSE: RCL) reported its first quarter results on Friday in which the company's numbers exceeded Wall Street's expectations.

Speaking to CNBC, Royal Caribbean's CEO Richard Fain said "we are feeling really good" about the company's quarterly print and its outlook.

"We had a better quarter than our guidance was, we had a better quarter than the Street's estimate was, we raised our guidance for the year," he touted. "Instead of getting a 25 percent increase this year in earnings, we are up to 30 percent."

Despite an overall positive quarterly print, shares of Royal Caribbean were trading higher by less than 1 percent Friday afternoon and even traded in negative territory earlier in the day.

According to Fain, the stock's poor performance to the "tension" in the market.

Moving on to the topic of U.S. cruises being granted permission to dock in Cuba, Fain pointed out that the company is eyeing an expansion to the region, but only when it receives the necessary clearance to do so. Regardless, the executive noted that Cuba won't represent a huge part of the company's overall portfolio as the infrastructure in the country "isn't there yet."

 

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