Norwegian Cruise Line pleasantly surprised with 2012 profits
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.
Excerpt from Travel Weekly
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.