Norwegian Cruise Line profit up as revenues rise 25%

NCL Holdings profit increases despite acquisition of Prestige
Norwegian Cruise Line’s parent company NCL Holdings has posted a strong full-year profit of $342.6 million (€300 million), despite the cost of its acquisition of Prestige Cruise Holdings, operator of the Regent Seven Seas Cruises and Oceania Cruises brands.
Expansion of the Norwegian Cruise Line fleet ensured that full-year net profits rose sharply. The arrival of Norwegian Breakaway in April 2013 and Norwegian Getaway in January 2014 boosted full-year profits, which compare to $102.9 million in 2013. Getaway is Norwegian’s first year-round Miami-based vessel in more than a decade.
During the year, Norwegian Cruise Line saw a 25% improvement in adjusted net revenues to $2.4 billion, driven by a near 20% increase in capacity days and a 5% improvement in yield. Revenue for the period increased 22% to $3.1 billion.
NCL expects to reintroduce Oceania Cruises’ Sirena in April, following a $40 million refurbishment.
TTG Digital
[pictured: Norwegian Getaway; photo courtesy Norwegian Cruise Line]