Massively explains Warhammer Online to the dedicated WoW player

Rough Waters Ahead For Cruising? Royal Caribbean Cuts 400 Jobs


Hard times for the world of cruising? Royal Caribbean Cruises announced today that they have cut 400 jobs and are making other cost-cutting measures to reduce annual expenses by $125 million. Chairman and CEO Richard Fain has named soaring fuel prices and the economic downturn as a factor in the moves. The announcement followed lower-than-expected second quarter earnings. So far though, bookings have been holding up well with no decline in the number of people booking cruises. The last few years have been strong for the cruise industry as the growing number of baby boomers have fueled the upscale cruising market. I suspect that the economic fallout for the cruise industry may be slower to occur since cruises are often booked farther in advance. Royal Caribbean's dramatic cost cutting may be a way to try and head off the storms ahead.

Related Headlines

Add your comments

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.

Categories
Apparel (672)
Art (237)
Auctions (500)
Big Givers (38)
Books (32)
Celebrity Shopping (672)
Charity (246)
Charity of the Day (157)
Children (33)
Cigars (204)
Cosmetics and Fragrance (178)
Decor (1852)
Dining (739)
Estates (2260)
Events (238)
Gadgets (993)
Garden (39)
Green (155)
Handbags (1219)
Holiday Guides (36)
Jewelry (911)
Journeys (1542)
Lux Tips (8)
Men's Style (56)
Pets (141)
Preferred (13)
Real Estate Developments (121)
Services (283)
Shoes (199)
Spas (244)
Spirits (531)
Sports (110)
The Classicist (24)
Timepieces (725)
Water (649)
Wealth (22)
Wheels (1006)
Wine (918)
Wings (516)
Writing Instruments (152)

RESOURCES

RSS NEWSFEEDS

Powered by Blogsmith

Sponsored Links

Luxist bloggers (30 days)

#BloggerPostsCmts
1Deidre Woollard1704
2Jared Paul Stern750
3Tracy Chait420
4Rigel Celeste360
5Laura Malesich201
6Annie Scott190
7Lisa Palladino90
8Meg Massie11

Most Commented On (60 days)

Recent Comments

More from AOL Money & Finance

Other Weblogs Inc. Network blogs you might be interested in: