MIAMI, Oct. 24 FL-RoyalCarib-EndFuel
MIAMI, Oct. 24 /PRNewswire-FirstCall/ -- Royal Caribbean Cruises Ltd.
today announced that the company's fuel supplement will no longer apply to new
Royal Caribbean International, Celebrity Cruises and Azamara Cruises bookings
made on or after November 10, 2008, anywhere in the world, for sailings that
depart on or after January 1, 2010.
This decision takes into consideration the recent reductions in global
fuel prices. The company has also established specific guidelines that will
determine whether fuel supplement refunds will be provided for sailings that
begin in 2009 and later, which were booked prior to November 10, 2008, if fuel
prices remain below a specific price threshold.
For 2009 sailings and 2010 sailings booked before November 10, 2008, the
company will determine on a quarterly basis whether fuel supplements will be
refunded. Refunds, in the form of an onboard credit, will be provided if the
closing price of West Texas Intermediate fuel is $65 or less, at the closing
time of the New York Mercantile Exchange, two weeks prior to the beginning of
the upcoming calendar quarter. When those conditions are met, an onboard
credit will be provided to all guests on sailings that begin during the
upcoming calendar quarter.
The dates on which the price of West Texas Intermediate fuel will be
measured, and the quarters during which refunds could apply are:
Fuel Price Determination Date Quarter of Possible Fuel Supplement Refunds
December 18, 2008 First quarter 2009
March 18, 2009 Second quarter 2009
June 17, 2009 Third quarter 2009
September 17, 2009 Fourth quarter 2009
December 18, 2009 First quarter 2010
March 18, 2010 Second quarter 2010
June 17, 2010 Third quarter 2010
September 17, 2010 Fourth quarter 2010
The company will continue to closely monitor the movement of global fuel
prices and recognize that an upturn in those prices could necessitate the
reinstatement of a fuel supplement.
Royal Caribbean Cruises Ltd. is a global cruise vacation company that
operates Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara
Cruises and CDF Croisieres de France. The company has a combined total of 38
ships in service and six under construction. It also offers unique land-tour
vacations in Alaska, Asia, Australia, New Zealand, Canada, Europe and South
America. Additional information can be found on www.royalcaribbean.com ,
www.celebrity.com , www.pullmantur.es , www.azamaracruises.com ,
www.cdfcroisieresdefrance.com or www.rclinvestor.com .
SOURCE Royal Caribbean Cruises Ltd.
