NCL Corporation, which operates the Norwegian Cruise Line and NCL America brands, reported a 2Q10 net loss for the quarter of $14.9 million on revenue of $477.9 million compared to net income of $15.4 million on revenue of $478.4 million in the same period in 2009.

The net loss in 2010 included a non-recurring charge of $33.1 million related to foreign exchange contracts associated with the financing of Norwegian Epic. Excluding this non-recurring charge, net income for the period was $18.2 million, the company said in a statement.

An improvement in net yield of 6.6% in the quarter resulted in net revenue increasing to $364.7 million from $353.9 million despite a 3.3% decrease in capacity days in the quarter due to the departure of Norwegian Majesty from the fleet in October 2009. The increase in net yield came from both improved passenger ticket pricing and increased onboard revenue per capacity day. Occupancy percentage for the quarter was 109.2%.

Net cruise cost for the second quarter was essentially flat year over year.  On a per capacity day basis, net cruise cost increased 3.5% primarily due to higher average fuel costs in the period and fewer capacity days as a result of the departure of Norwegian Majesty.

"The results for the quarter demonstrate that we are continuing to build momentum," said Kevin Sheehan, CEO of NCL.  "Our improved results over last year were achieved while absorbing a 43% increase in the price of fuel," said Sheehan.