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Royal Caribbean Cruises Ltd. Announces End To Fuel Supplement

Royal Caribbean Cruises Ltd. Announces End To Fuel Supplement

Catégorie : Monde
Ceci est un communiqué de presse sélectionné par notre comité éditorial et mis en ligne gratuitement le 27-10-2008


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.




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