For the full year 2025, the company expects: Net yields (in constant currency) approximately 4.7 percent higher than 2024, 0.5 percentage points better than December guidance. Adjusted cruise costs excluding fuel per ALBD (in constant currency) up approximately 3.8 percent compared to 2024, in line with December guidance. Adjusted net income up over 30 percent compared to 2024 and better than December guidance by $185 million. Adjusted EBITDA of approximately $6.7 billion, up nearly 10 percent compared to 2024 and better than December guidance. Adjusted ROIC of approximately 12 percent is now expected to reach the 2026 SEA Change target one year in advance, alongside exceeding the company’s 2026 SEA Change EBITDA per ALBD target.
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