The 2012 second quarter earnings results are in for Royal Caribbean Cruises and its not good news.
The cruise line reported a net loss for the second quarter of this year of $3,600,000 - compared to net income in the second quarter of last year of $93,500,000.
Slightly fewer passengers sailed on Royal Caribbean cruise ships during this last quarter compared to 2011.
The CEO of the cruise line, Richard Fain, tied the decline in passengers and net income to the Costa Concordia disaster in Italy in January, where 32 passengers and crew died. "The steady drumbeat of negative news emanating out of Europe is certainly having an effect," Fain announced at the conference call to analysts.