NCL Reaps the Fruit of Fleet Expansion

Miami-based cruise company Norwegian Cruise Line Holdings (NCLH) has seen its net income for the third quarter of 2016 increase to USD 342.4 million from USD 251.8 million reported in the same period a year earlier.

The cruise line’s total revenue for the period increased by 15.6% to USD 1.5 billion, compared to USD 1.3 billion in 2015.

“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,” Frank Del Rio, president and chief executive officer of NCLH, said.

The company said that it expects to generate record earnings for the full year 2016, as NCLH is on track “to deliver robust double-digit growth in Adjusted EPS in 2016, despite headwinds from geopolitical events earlier in the year which dampened demand for Mediterranean sailings,” Wendy Beck, executive vice president and chief financial officer, said.

Beck added that, looking to the first half of 2017, advanced bookings are ahead of prior year’s record levels at higher prices, while an early look at the full year shows occupancy commensurate with prior year at this same time at slightly lower prices.

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