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Cruise News for the Corporate Travel Professional

November 2011 Edition

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Norwegian Reports 18.5 Percent Rise in Third-Quarter Profits  
Norwegian Cruise Line reported net income for the quarter ended Sept. 30 improved to $110.2 million on revenue of $666.6 million, an 18.5 percent increase over the $93 million on revenue of $634.1 million in the same period last year. Operating income for the quarter improved 18.3 percent to $162.7 million from $137.6 million, and adjusted EBITDA increased 13.4 percent to $210 million from $185.2 million, primarily driven by strong revenue performance across the fleet.

Net revenue grew 4.6 percent to $491.6 million from $469.8 million in 2010, mainly as a result of an increase in net yield of 3.8 percent, or 2.3 percent on a constant currency basis. The company said the increase in net yield was driven by higher ticket pricing.

“A strong summer season resulted in solid top-line growth in the quarter,” said Kevin Sheehan, Norwegian president and CEO. “Pricing was up across the fleet despite several voyages being impacted due to tropical weather conditions in the Northeast and Caribbean.” For more information, call 888- NCL-CRUISE.

 

 

   
 

   
 

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