ruben.maritime

KUALA LUMPUR/MIAMI 13 November – Star Cruises’ 3Q profits increased as a result of a ship sale, yard compensation and higher capacity, but yields fell and the pricing outlook remains challenging. The Star group, including Norwegian Cruise Line, recorded net income of $60.4M on revenues of $683.3M in 3Q06 versus net income of $33M on revenues of $575.3M in 3Q05. Results for the latest quarter included a gain of $16.7M from the sale of the Norwegian Crown, $7.3M in compensation from Lloyd Werft for the late delivery of the Pride of America (total compensation to eventually be paid is $37M), and a $3.5M currency translation gain. Capacity increased 17.7% for the group (30.1% for Star; 15.2% for NCL). But net yields fell 19.9% for the Star division on poor results from the SuperStar Libra in the Mediterranean, while yields fell 0.1% for NCL. Commenting on the forward outlook, Star said that bookings continue to be made “closer to the sailing date than last year” and that “through the first quarter of 2007, NCL continues to see downward pressure on pricing, especially in Hawaii and the Caribbean”. As a result, NCL estimates that net yields will decrease 1% in 4Q06.

Via Fairplay
 

Etiquetas: cruise market, cruises

This entry was posted on martes, noviembre 14, 2006 at 7:48 a. m.. You can skip to the end and leave a response.