Royal Caribbean Cruises Ltd. reported past first-quarter 2026 results with revenue of US$4,452 million and net income of US$941 million, alongside a 109% load factor reflecting strong ship utilization and passenger growth. The company also reaffirmed its long-horizon growth push by ordering additional Icon Class ships for delivery through 2030, tying record Wave season demand to major future capacity additions. Next, we’ll examine how this combination of robust first-quarter earnings and...