RCCL Dropping Fuel Surcharge Dec 8

JohnG · December 6, 2008

ROYAL CARIBBEAN CRUISES LTD.

SUSPENDS FUEL SUPPLEMENT

MIAMI December 5, 2008

Royal Caribbean Cruises Ltd. today announced the suspension of its fuel supplement for Royal Caribbean International®, Celebrity Cruises® and Azamara CruisesSM sailings that depart on or after January 1, 2009, anywhere in the world.

The decision reflects the recently sustained lower price of fuel.

Effective Monday, December 8, guests making new bookings for sailings that depart on or after January 1, 2009, will not be charged the fuel supplement. Guests already booked on sailings that depart on or after January 1, 2009, will receive a refund of any fuel supplement paid, as follows:

Guests with existing bookings for sailings that depart on or after January 1, 2009, and who are now

paid in full, will have the supplement automatically refunded to them in the form of an onboard credit

during their sailing.

Guests with existing bookings for sailings that depart on or after January 1, 2009, and who are not

yet paid in full, will have the supplement automatically removed from their outstanding balance.

The company reserves the right to reinstate fuel supplement charges if the price of West Texas

Intermediate fuel exceeded $65 per barrel, on the quarterly milestone dates mentioned in the company¿s October 24, 2008, press release.

The company announced on October 24, 2008, that no fuel supplement would be charged for new

bookings made on or after November 10, 2008, for sailings that depart on or after January 1, 2010, unless there is an upturn in fuel prices. Today's announcement does not affect those previous terms.