Royal Caribbean Cruises has reported better than expected first quarter results.

Richard Fain
The US-listed cruiseship owner had warned in February that its numbers would be hit by the impact of the capsizing of the Carnival-owned Costa Concordia cruiseship off Italy in January.

Richard Fain, chairman and CEO, said: “We did not expect the impact of the tragedy to be long term and we are seeing evidence the effects are waning.”

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