Following Royal Caribbean Cruises (RCC) year-end and Q4 earnings call on Jan. 27, 2010, cruise stocks have retreated somewhat. While RCC executives were upbeat and reiterating their outlook for 2011 to be the best year in the company’s history, they were still noticeably cautious in providing quarterly guidance, even for Q2. Cruise Industry News reports on RCC’s global strategy, deleveraging debt, pressure factors, 2010 results and 2011 guidance.
NCL Posts Earnings
Norwegian Cruise Line has reported net income of $22.6 million on revenues of $2.0 billion for the year ended Dec. 31, 2010, compared to net income of $67.2 million on revenues of $1.9 billion for 2009.
Norwegian reported operating income of $230.2 million for 2010, compared to $171.3 million for 2009. But financial costs, including interest expenses were up year-over-year due an increase in borrowings related to the addition of the Norwegian Epic and higher than average (interest) rates.
Cruise Industry News compares net yields and other key metrics among Carnival Corporation, Royal Caribbean Cruises and Norwegian Cruise Line. They findings may surprise you.
And there is more: Norwegian Cruise Line opens call center in Manila, and CruiseOne and CruisesInc. join forces with the Shore Excursion Group, bypassing cruise lines to earn commissions on shore excursions.
For the full reports, please read the Feb. 2, 2011 edition of Cruise Industry News, the newsletter, click here to subscribe.