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Norwegian’s all three brands shine in strong second quarter

All three brands of Norwegian Cruise Line Holdings, Ltd (NCLH) performed well in the second quarter and the group posted better than forecast results.

Group revenues rose to $1.52 billion in the second quarter from $1.34 billion in the same periods year on, while operating profit reached $862.7 million compared to $752.4 million. Net profit rose to $226.7 million from $198.4 million.

In the first half of the year, NCLH’s revenues rose to $2.82 billion from $2.49 billion, while operating profit increased to $1.63 billion from $1.43 billion. Net profit reached $329.8 from $260.4 million in January-June last year

“The continuation of the robust booking environment from our core source markets, combined with the successful execution of demand creation strategies drove higher pricing across all three brands, resulting in second quarter revenue, yield and earnings growth well above expectations,” said Frank Del Rio, president and chief executive officer of  NCLH.

The group comprises the mass market Norwegian Cruise Line, premium segment Oceania Cruises and luxury market Regent Seven Seas Cruises.

“Global consumer cruise demand shows no signs of slowing as evidenced by solid organic growth and the hugely successful introduction of Norwegian Bliss, whose record-breaking performance surpassed our high expectations,” Del Rio stated.

 

 

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