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Unique Cruise Solutions The news you need to know |
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Cruise News for the Corporate Travel Professional |
August 2009 Edition |
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NCL has rounded the corner |
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NCL continues to turn its financial numbers around, reporting a net profit of $15 million for the second quarter of '09 versus a loss of $27 million for the second quarter of '08. In contrast, Royal Caribbean recently reported a $35 million loss for the second quarter of '09. "Despite the weakness in ticket pricing, we are continuing to achieve improvements in our earnings and have begun to demonstrate consistency in our performance," said CEO Kevin Sheehan. NCL is seeing the full impact of the reduction of financial losing operations in Hawaii, plus they appear to be benefiting this year on the books from making lower debt payments than last year. Looking ahead, one positive sign is that advance ticket sales are up by 24% to $309 million on June 31, 2009, versus $250 million on December 31, 2008.
'Commissions, transportation and
other' are down about 5%, to $83 million |
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Worldwide Travel & Cruise Assoc., Inc. 150 S. University Dr. Ste E, Plantation, FL 33324 - USA Tel: +1 954 452 8800 Fax: +1 954 252 3945 EMail: sales@cruiseco.com |
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Designed & Published by: Worldwide Media. |
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