Norwegian Cruise Line reports highest ever quarterly earnings

Norwegian Cruise Line reports highest ever quarterly earnings

Norwegian Cruise Line Holdings has generated GAAP net income of $342.4 million or earnings per share of $1.50 for the three months to September 30th.

This is compared to $251.8 million or $1.09 in the prior year.

Adjusted net income was $369.3 million or adjusted earnings per share of $1.62 compared to $311.1 million or $1.35 in the prior year.

Total revenue increased 15.6 per cent to $1.5 billion.

“In 1966, the M/S Sunward departed on her first voyage from Miami to the Caribbean, marking not just the launch of Norwegian Cruise Line, but the modern cruise industry as we know it today,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings.

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“Fast forward fifty years, where we have reached yet another milestone, reporting the highest single quarter revenue and earnings in our history, bolstered by the addition of Norwegian Escape, Oceania Cruises’ Sirena and Seven Seas Explorer to our fleet.”

The increases were primarily attributed to the addition of Norwegian Escape, Oceania Sirena, and Regent Seven Seas Explorer to the fleet.

Fuel price per metric ton, net of hedges decreased 11.5 per cent to $500 from $565 in 2015.