Tuesday, February 14, 2012

Norwegian Cruise Line profits improve in 2011

Norwegian Cruise Line said Monday that revenues and profits had increased in 2011, though the shipwreck involving another company’s ship earlier this year had a negative impact on bookings.

HSAMPSON@MIAMIHERALD.COM

Higher ticket prices and bigger onboard spenders helped Miami-based Norwegian Cruise Line post improved profits in 2011, the company said Monday.
Norwegian, the world’s third largest cruise operator, reported that revenue increased more than 10 percent to $2.2 billion. Adjusted EBITDA, or earnings before interest, taxes, depreciation and amortization, increased to $506 million from $405 million a year earlier.
Net income increased from $23 million in 2010 to $127 million in 2011.
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Read more here: http://www.miamiherald.com/2012/02/13/2640349/norwegian-cruise-line-profits.html#storylink=cpy
Read more: http://www.miamiherald.com/2012/02/13/2640349/norwegian-cruise-line-profits.html

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