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Norwegian Cruise Line pleasantly surprised with 2012 profits

Excerpt from Travel Weekly

Feb 12, 2013 8:21 am

Skift Take

Norwegian overcame a troublesome year for the cruising industry after the Costa Concordia capsize. This bodes well for business with two new major ships coming to New York City and Miami harbors.

— Samantha Shankman

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Norwegian Cruise Line has delivered improved profits for 2012 of $169 million against $127 million the previous year despite the year’s “unexpected challenges”. The result for a period when the cruise industry had to deal with the impact of the Costa Concordia disaster was announced after the company’s recent move to become a public company.

Full year revenue was up by 2.6% to $2.27 billion with an improvement in yields put down to increased fares and onboard revenue. Norwegian posted a fourth quarter net profit of $5.6 million against a loss of $1.9 million in the same period in 2011, despite a rise in fuel costs.

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