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quote:Miami-based cruise ship operator NCL said a steep increase in fuel costs was largely to blame for a net loss of $35.1 million in the second quarter.NCL also said it's experiencing the adverse effects of rising interest rates and a weak dollar compared with the euro, and it warned that a slowdown in Caribbean cruise bookings likely will drag down its ticket prices -- and with them, its profits -- for the remainder of the year.NCL's Norwegian Cruise Line has just two ships offering Caribbean itineraries currently but will have seven ships there this winter.NCL's second-quarter revenues increased to $499.1 million from $373.8 million, primarily because of new fleet additions, which raised its passenger capacity by 19.5 percent. NCL also said its revenues were helped, in particular, by the introduction of a third ship to Hawaii, where it's able to charge a premium for tickets, and growth in onboard spending across its fleet.
NCL also said it's experiencing the adverse effects of rising interest rates and a weak dollar compared with the euro, and it warned that a slowdown in Caribbean cruise bookings likely will drag down its ticket prices -- and with them, its profits -- for the remainder of the year.
NCL's Norwegian Cruise Line has just two ships offering Caribbean itineraries currently but will have seven ships there this winter.
NCL's second-quarter revenues increased to $499.1 million from $373.8 million, primarily because of new fleet additions, which raised its passenger capacity by 19.5 percent. NCL also said its revenues were helped, in particular, by the introduction of a third ship to Hawaii, where it's able to charge a premium for tickets, and growth in onboard spending across its fleet.
Pretty significant, given the still positive financials posted by RCCL and Carnival, the two giants in the industry, facing exactly the same market forces and operating challenges....StarCruises , to be sure, continues to take a good hard look at that NCL venture they got involved in a few years back.....It was in weak shape then, it is not a whole lot better now....the ol'saying comes to mind: you can paint a leopard's spots...but it still remains a leopard...
Keep watching..
Claude G
I'm not clear why fuel prices are an issue. UK lines like Thomson simply add a surchage to each cruise booking. If fact they probably generate a profit from it.
[ 08-21-2006: Message edited by: Malcolm @ cruisepage ]
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