Buoyed by the performance of its newest ship, Norwegian Cruise Line Holdings reported higher revenues and profits for the third quarter Monday afternoon.
The positive earnings report provided more good news for the cruise industry, which has faced rough waters since early last year. Last week, Royal Caribbean Cruises Ltd. posted results for the quarter that were better than expected.
Norwegian, with a fleet of 12 ships, reported revenue of nearly $798 million, an 18 percent increase over the third quarter of 2012. Net income increased more than 33 percent to nearly $171 million.
Net yields, or the net revenue per capacity day, increased 4.1 percent thanks to higher cruise fares and increased passenger spending on board.
Capacity days increased by nearly 15 percent compared to the previous year with the addition of the 4,028-passenger Norwegian Breakaway, which launched in May. Sister ship Norwegian Getaway starts sailing year-round from Miami in February.
Read more: Norwegian posts improved third-quarter profits - Tourism & Cruises - MiamiHerald.com
The positive earnings report provided more good news for the cruise industry, which has faced rough waters since early last year. Last week, Royal Caribbean Cruises Ltd. posted results for the quarter that were better than expected.
Norwegian, with a fleet of 12 ships, reported revenue of nearly $798 million, an 18 percent increase over the third quarter of 2012. Net income increased more than 33 percent to nearly $171 million.
Net yields, or the net revenue per capacity day, increased 4.1 percent thanks to higher cruise fares and increased passenger spending on board.
Capacity days increased by nearly 15 percent compared to the previous year with the addition of the 4,028-passenger Norwegian Breakaway, which launched in May. Sister ship Norwegian Getaway starts sailing year-round from Miami in February.
Read more: Norwegian posts improved third-quarter profits - Tourism & Cruises - MiamiHerald.com
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