Another blowout quarter finds the cruise line operator is in a strong position to double in price, the way it did in 2023.

There were a lot of records associated with Royal Caribbean’s first-quarter report, including ticket pricing, bookings and the stock, as demand for

The cruise operator reported adjusted earnings of $1.77 a share, sailing better than analysts’ expectations of $1.33. Revenue of $3.7 billion came in slightly above expectations. But Royal Caribbean’s guidance hike provides the really good news for the stock.

Finally, Royal Caribbean is getting a boost from a surge in younger travelers, writes Reporter Elizabeth Casolo. Royal Caribbean CEO Jason Liberty said during the company’s first-quarter earnings call that nearly half of its cruise guests are millennials or younger.