Norwegian Cruise Line (NCL) has reported net income of $17.7 million, or $0.07 per share, on revenues of $246.6 million for the third quarter ended Sept. 30, 1999, compared to net income of $13.5 million, or $0.06 per share, on revenues of $239.7 million for the third quarter of 1998.
For the nine-month period, NCL reported net income of $25.2 million, or $0.11 per share, on revenues of $651.8 million, compared to net income of $9.5 million, or $0.03 per share, on revenues of $575.4 million for the same period last year.
The third quarter was negatively affected by $18-$19 million due to the collision of the Norwegian Dream and the grounding of the Norwegian Sky, and by $4-$5 million by the Kosovo crisis on the Marco Polo.
The load factor for the third quarter was 101.1 percent compared to 99.9 percent last year, and for the nine-month period it was 100.2 percent, compared to 98.2 percent last year.
NCL's shares (ADRs) dropped to $9 3/4 at press time, compared to a high/low of$14 15/16 - $9 5/8 since July 9, 1999.