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Cuba Cruise Ban Dents Royal Caribbean’s Profit Outlook

June 7, 2019

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The Miami-based cruise major said that the financial impact of the regulatory change would mean a reduction to the adjusted EPS for 2019 in the range of USD 0.25 to USD 0.35 per share.

“While the affected sailings impact only 3 percent of our 2019 capacity, the extremely short notice period for this high yielding destination amplifies the earnings impact,” said Jason T. Liberty, executive vice president and CFO.

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