Norwegian reports leap in net income
Norwegian Cruise Line has reported an adjusted net income growth of 67.1% to $60.2 million for the last quarter, which saw the addition of New York-based Norwegian Breakaway to its fleet.
Net yield for the quarter was up 3.5% due to higher fares and great onboard spend, and adjusted EBITDA rose for the 20th consecutive quarter to $152.3 million.
An 8.2% increase in capacity days following the addition of Norwegian Breakaway, which was partially offset by planned dry-docks for Pride of America and Norwegian Pearl, combined with the improvement in net yield, resulted in a 12% increase in net revenue in the quarter to June 30.
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
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