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00:02Royal Caribbean Cruises shares traded lower on Thursday afternoon as crude hovered near
00:07six-month highs, raising concerns about fuel costs, according to Benzinga.
00:11Marine fuel is one of the largest variable costs for cruise lines, and higher crude
00:16prices typically lift bunker fuel expenses.
00:18Royal Caribbean also carries a sizable debt load, which can pressure earnings and free
00:23cash flow during unhedged fuel shocks.
00:25The company disclosed insider sales, including Director Arne Alexander Wilhelmsen selling
00:31280,000 shares near $325.
00:34Recent Form 4 filings showing additional open market sales without rule 10B5-1 plans indicating
00:41insiders chose the timing themselves.
00:43Shares fell 2.61% to $310.50.
00:48For all things money, visit Benzinga.com.
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