Royal Caribbean Cruises has reported net income of $49.7 million or $0.78 per share on revenues of $338 million for the quarter ended September 30, 1995, compared to net income of $49.1 million or $0.77 per share on revenues of $309 million for the third quarter of 1994.
RCCL attributed the increase in revenues to an increase in capacity quarter-over-quarter. The third quarter of 1995 had more potential passenger days than the third quarter of 1994 as a result of the addition of the 1,800-passenger Legend of the Seas in May 1995 which was partially offset by the sale of the 1,012-passenger Nordic Prince in the frrst quarter of 1995.
RCCL also reported 1,458,911 passenger cruise days for a load factor of 105.4 percent for the third quarter of this year compared to 1,328,3 81 passenger cruise days and a 105.0 percent load factor for the same period last year.
For the nine-month period ended Sept. 30, 1995, RCCL reported net income of $132.0 million or $2.09 per share on revenues of $894.1 million, compared to net income of $117.9 million or $1.86 per share on revenues of $889.5 million for the same nine months in 1994.
RCCL also reported 3,884,889 passenger cruise days for a load factor of 101.2 percent for the nine month period of this year compared to 3,873,259 and a load factor of 101.8 percent last year.
The 1995 year- to-date results included a one-time gain of $19.2 million or $0.30 per share from the sale of the Nordic Prince, while the results for 1994 include a charge of $3.4 million or $0.5 million per share related to the early retirement of a portion of the company's debt.
"Our third quarter performance was enhanced by the introduction of the first of six new ships in our newbuilding program," said Richard Fain, Chairman and CEO. He also said that aggressive sales and marketing efforts successfully increased occupancy levels which was one of the highest in the company's 25-year history.