Royal Caribbean Cruises has reported net income of $31.5 million or $0.50 per share on revenues of $282.5 million for the quarter ended June 30, 1995 compared to net income of $33.4 million or $0.53 per share on revenues of $291.9 million for the second quarter of 1994.
The second quarter operating income was $44.7 million this year compared to $48.2 million last year.
Royal Caribbean attributed the decline in revenues due to a corresponding decline in capacity for the quarter. The second quarter of 1995 had fewer potential cruise days than the second quarter of 1994 as a result of the sale of the 1,012-passenger Nordic Prince in the first quarter of 1995 which was partially offset by the addition of the 1,804-passenger Legend of the Seas late in the second quarter.
The cruise line reported 1,250,723 passenger cruise days for a load factor of 100.3 percent for the second quarter of this year compared to 1,276,028 passenger cruise days and a 99. 1 percent load factor for the same period last year.
For the six-month period, Royal Caribbean reported net income of $82.9 million or $1.31 per share on revenues of $556 million compared to net income of $68.8 million or $1.14 per share on revenues of $580.5 million for the first six months of 1994.
The six-month result for this year also includes a $19.2 million gain on the sale of the Nordic Prince.
Operating income this year was $87 million compared to $93 million for the same period last year.
For the six-month period of this year, Royal Caribbean reported 2,425,978 passenger cruise days and a load factor of 98.8 percent compared to 2,544,898 passenger cruise days and a 100.1 percent load factor last year.
"Last year was a very strong year for Royal Caribbean and the cruise industry," said Richard Fain, Chainnan and CEO. "Although we had hoped that 1995 would be even stronger, we are pleased to report that we have maintained our yields at last year's strong level despite the generally soft cruise market."