Royal Caribbean Cruises Ltd. today announced first quarter 2012 net income of $47.0 million, or $0.21 per share, versus $78.4 million, or $0.36 per share, in 2011. First Quarter 2012 results included a $0.01 per share mark-to-market gain on the company’s fuel option portfolio versus an $0.11 per share gain in the first quarter of 2011.



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