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Cruise

Norwegian reports leap in net income

Wednesday, 31 July 20133 min read

Norwegian Cruise Line has reported an adjusted net income growth of 67.1% to $60.2 million for the last quarter, which saw the addition of New York-based Norwegian Breakaway to its fleet.

Net yield for the quarter was up 3.5% due to higher fares and great onboard spend, and adjusted EBITDA rose for the 20th consecutive quarter to $152.3 million.

An 8.2% increase in capacity days following the addition of Norwegian Breakaway, which was partially offset by planned dry-docks for Pride of America and Norwegian Pearl, combined with the improvement in net yield, resulted in a 12% increase in net revenue in the quarter to June 30.