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Royal Caribbean 1Q profit sails past expectations

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NEW YORK (AP) — Royal Caribbean Cruises Ltd., the world's second largest cruise line, posted a 62 percent jump in first-quarter profit as ticket revenue rose and passengers spent more on drinks, spa treatments and other extras. The results beat Wall Street expectations and sent shares up more than 7 percent in morning trading to $36.86. During the same time last year, many vacationers shied...

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