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NCL confirms price rise as it announces record earnings
Norwegian Cruise Line announced today that it is expecting a fourth year of double-digit earnings per share growth in 2017 after confirming that it made a net income of US$633.1 million last year compared with $427 million in 2015.
Its earnings per share in 2016 were $3.41 compared to $2.88 the previous year, a five-fold increase since 2013, the year of the company’s initial public offering.
The cruise line said that excluding its newest ship Norwegian Joy, which is due to launch later this year, its bookings had reached record levels, with prices slightly higher than last year.
It is seeing renewed demand from North American customers for European cruises, while its Caribbean, Alaska and Hawaii itineraries are also showing continued strength, said NCL.
"2016 marks another record year of earnings, continuing our track record of solid EPS growth, which has grown fivefold since 2013, the year of our initial public offering," said NCL Frank Del Rio, president and chief executive officer.
"This solid revenue and earnings trend is expected to continue in 2017 as we are now in the best booked position in our company’s history with pricing slightly above the prior year."
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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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