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Royal Caribbean Cruises CEO blames higher fuel costs as a headwind on earnings

Tyler Clifford

Royal Caribbean is seeking ways to improve its energy consumption to fend off the negative impact of higher fuel costs, CEO Richard Fain says. Royal Caribbean Cruises RCL is seeking ways to improve its energy consumption to fend off the negative impact of higher fuel costs, Chairman and CEO Richard Fain told CNBC on Thursday. Royal Caribbean reported lower-than-expected revenue of nearly $2.8 billion for the third quarter.