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.
BY HANNAH SAMPSON
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.
Read more: http://www.miamiherald.com/2012/02/13/2640349/norwegian-cruise-line-profits.html
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