| Pullmantur write-off

ROYAL Caribbean Cruise Lines
has announced a US$399.3
million “impairment charge” in
relation to the reduced value of
its Spanish brand Pullmantur.
The non-cash charge reflects
the weakness in the economies
of Latin America, which has
deteriorated further in recent
months.
RCCL says the brand is refocusing
on its core market
of Spain, with the revaluation
eliminating all intangible items
from the Pullmantur balance sheet.