Royal Caribbean Cruises Ltd. plans to cut 400 jobs, all due to the increase in gas prices. Since the beginning of the year the company’s fuel bill rose to $180 million.

The Miami-based cruise line handed out pink slips to workers on Monday.

Richard D. Fain, Chairman and Chief Executive Officer of Royal Caribbean, told the Miami Herald that “the bulk of the jobs being cut are in Miami and in Broward.”

The cruise operator announced that its second quarter earnings of $84.7 million fell into a slump, as compared to the same time last year when earnings were at $128.7 million.

Royal Caribbean said that in order to cut costs by $125 million, jobs would need to be eliminated.

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