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Profits up at Norwegian Cruise Line in third quarter

Profits up at Norwegian Cruise Line in third quarter

Norwegian Cruise Line has reported a sharp increase in operating income for the third quarter of financial 2011.

Profits increased 18.3 per cent to $162.7 million, primarily driven by strong revenue performance across the fleet.

Net Revenue grew 4.6 per cent to $491.6 million, mainly as a result of an increase in net yield of 3.8 per cent.

The increase in net yield was driven by higher ticket pricing.

“A strong summer season resulted in solid top-line growth in the quarter,” said Kevin Sheehan, Norwegian Cruise Line president.

“Pricing was up across the fleet despite several voyages being impacted due to tropical weather conditions in the Northeast and Caribbean.”

Also during the period, Norwegian Breakaway and Norwegian Getaway were selected as the names for two new Norwegian vessels.

Norwegian Breakaway will be delivered in April 2013 followed by her sister ship, Norwegian Getaway, in April 2014.
Sheehan commented on the naming of the vessels: “Both ‘Breakaway’ and ‘Getaway’ capture the essence of a Freestyle Cruising vacation on a Norwegian ship, one that allows our guests to escape the stress of everyday life and enjoy an experience that is tailored to their wishes.”

Soon after the announcement of the ship names, the first steel was cut for Norwegian Breakaway at Meyer Werft in Papenburg, Germany, marking the ceremonial beginning of construction.

Norwegian Cruise Line is recognised as Europe’s Leading Cruise Line by the prestigious World Travel Awards.