NCL/Star 2007 Q2 Earnings

Ncl Corporation (NCL), parent company to Norwegian Cruise Line and Ncl America, reported a net loss of $24.6 million on revenues of$553.l million for the second quarter ended June 30, 2007, compared to a net loss of $35.1 million on revenues of $502.8 million for the same period last year.

According to NCL, revenues were up 10 percent year over year due to a 13.6 percent increase in capacity, partially offset by lower ticket prices.

The average ticket price per person was $1,253.71 in 2007 compared to $1,263.65 in 2006. NCL attributed the weakness in pricing to its Hawaii business.

Passenger onboard spending remained flat, averaging $472.26 per passenger in 2007, compared to $472.42 in 2006.

"Our second quarter results reflect the challenges the company continues to face in Hawaii," said Colin Veitch, president and CEO, in a prepared statement.

For the six month period ended June 30, 2007, NCL reported a net loss of$85.4 million on revenues of $1.0 billion, compared to a net loss of $63.9 million on
evenues of $929 .3 million for the same period last year.

In a prepared statement, NCL said that summer demand in Europe has been very strong, while the Caribbean trade has stabilized.

Star Cruises Group

The Star Cruises Group (including NCL and Star Cruises) reported net income of $23.4 million on revenues of $657 million for the second quarter ended June 30, 2006, compared to a net loss of $34 million on revenues of $593.8 million last year.

Star attributed the results to higher ticket revenue and onboard revenue in the Asian fleet, partially offset by lower prices for NCL's Hawaii cruises and lower onboard spending.

Star also gained $53.7 million net from the sale of its interest in RESORTS WORLD on Singapore's Sentosa island.

Cruise News | Top Cruise Stories

Rudi Sodamin, master chef (left) and Frits van der Werff (right), vice president of food and beverage

Excellence on Nieuw Statendam

Jan 22, 2019
“The focus has been on elevation and excellence, we continue to strive to be better than before,”…
Carnival Elation at Grand Bahama

Major Drydock Projects Grow in Scale

Jan 22, 2019
The major cruise lines are piling money into fleet refurbishment projects across the board.…
The Symphony of the Seas

Royal Caribbean: New Experiences at Sea and on Land

Jan 21, 2019
Introducing the Symphony of the Seas in the North American market in November, Royal Caribbean…
Diamond and Sapphire in Singapore

Diamond and Sapphire Princess Meet in Southeast Asia

Jan 19, 2019
For the first time in Southeast Asia, two Princess Cruises’ ships, the Diamond Princess and…
Astoria

CMV Set for New Puerto Penasco Program

Jan 18, 2019
Cruise & Maritime Voyages (CMV) is set to make another major move in North America and will debut a…
Costa Luminosa in San Diego

San Diego: Strong Uptick in Cruise Traffic

Jan 18, 2019
After a near decade-long hiatus, Carnival Cruise Line will be back in San Diego for a seasonal…
Bud Darr

Pushing Energy Savings

Jan 17, 2019
Eight of 15 MSC Cruises ships have been fitted with exhaust gas cleaning systems, and three have…
River and Ferry Executive Guides

River and Ferry Executive Guides Available for Download

Jan 17, 2019
Key River Operators and Key Ferry Operators are now available to download as PDFs from Cruise…
Massive Suite

Virgin Voyages Reveals RockStar Suites

Jan 16, 2019
Virgin Voyages today released designs and images of its RockStar Suites, set to debut on the…
Gus Antorcha

Carnival Sunrise: $200 Million Investment

Jan 16, 2019
The biggest refurbishment in the history of the cruise industry is set to take place this spring as…
Ocean Cay Arrival

MSC Cruises To Offer ‘Caribbean Paradise’ at Ocean Cay…

Jan 16, 2019
The MSC Meraviglia will inaugurate MSC Cruises’ private Bahamian island destination when she makes…
Rai Caluori

Devoted to the Brand’s Future

Jan 15, 2019
“We are putting a lot of time into research and consumer insight and listening to our customers and…

Email Newsletter

Get the latest breaking cruise news. Sign up.

Cruise Ship Orderbook

125 Ships | 269,498 Berths | $70 Billion | View

Latest Magazine Issue | Winter 18-19

CIN Winter

In This Edition:

Operations

Drydocks

North America

Food+Beverage

China

Water

Expedition