The world’s second largest cruise company saw full year net profit drop by 12.9% to $665.8 million.
The fall was largely as a result of a $411.3 million write down at its Pullmantur brand, which, as a result of problems in Latin America, is re-focusing on Spain.
Total revenue rose 2.8% to $8.3 billion.
Full-year profit guidance for 2016 was below analysts’ expectations.
Royal Caribbean said it estimated earnings of between $5.90-$6.10 a share, compared with market expectations of around $6.27, news agency Reuters said.
