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NCL makes higher profit
Norwegian Cruise Line made a profit of $173 million last year, an increase of against $46 million over the previous year.
It made a net profit in the fourth quarter of $5.6 million, against a loss of $1.9 million in the same period of 2011 despite higher fuel costs.
Revenue for the year was up by 2.6% to $2.26 billion with a 1.6% improvement in yields put down to increased fares and higher onboard revenue.
The cruiseline, which went public last year, said it expected further improvement in net yields of 3.5% to 5.5% in the first quarter of this year.
President and chief executive Kevin Sheehan said: "While 2012 included some unexpected challenges in the macro environment, our results demonstrate our ability to manage our operations through these external factors and report healthy growth."
NCL has two 4,000-passenger vessels, Norwegian Breakaway and Norwegian Getaway, under construction for delivery in April 2013 and January 2014, along with one larger "Breakaway Plus" vessel for delivery in autumn 2015.
Known as New York’s ship, Norwegian Breakaway will be the largest vessel to homeport year-round in the city, sailing to Bermuda for the summer beginning in May 2013.
"The delivery of our Breakaway and Breakaway Plus class vessels, designed to improve on the already successful platform of Norwegian Epic, along with our strong product proposition that offers a consistent experience throughout our fleet, has Norwegian well positioned for 2013 and beyond," added Sheehan.
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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