Royal Caribbean Cruises Ltd. (NYSE:RCL) reported fourth quarter and full year 2011 results and provided an initial outlook for 2012. "First and foremost, our thoughts are with the guests, crew members and families who have been affected by the tragedy in Italy," said Richard D. Fain, chairman and chief executive officer. "Like so many who have spent their working lives in this industry, a tragedy like this just breaks our hearts." Fain continued, "All of us in the industry, who are so devoted to providing safe and exceptional vacations to millions of people around the world, are devastated and humbled when something like this happens. Ironically, this tragedy is so noteworthy partially because it is so rare. Cruising has an extraordinary record of safe operation but this tragic incident is a reminder that there is no such thing as perfect safety, only perfect dedication to safety.

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