Norwegian announces jump in net income
A combination of cost-cutting and higher onboard spending pushed Norwegian Cruise Lines’ income up 19% for the third quarter of the year to the end of September.
Net income for the Miami-based operator jumped to $128m, despite a 13.5% increase in the cost of fuel. The cruise line said it was able to reduce its cost per capacity day by 3.3% due in part to the timing of maintenance and repair costs and lower operating expenses on ships.
Net yields, or the revenue per capacity day, increased 1% due to higher ticket prices and onboard spending.
President and CEO Kevin Sheehan said business was expected to be good next year, when the cruise line will add a new 4,000 passenger ship, the Norwegian Breakaway, to be based in New York. Forward bookings for "Breakaway" have been "encouraging", he said. However, Sheehan said it was too early to say how storm Sandy, which battered the east coast of America earlier this week, would affect the business.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Airlines suspend Madagascar services following unrest and army revolt
Airbnb eyes a loyalty program but details remain under wraps
Qatar Airways offers flexible payment options for European travellers
Air Mauritius reduces frequencies to Europe and Asia for the holiday season
Major rail disruptions around and in Berlin until early 2026