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Italian Shipyard Fincantieri have announced that they have just received approval from Italy’s Commissione Nazionale per le Società e la Borsa (the Italian version of the SEC) to become a publicly traded firm. Their IPO will be held from June…
Norwegian Cruise Line (Nasdaq:NCLH) (Norwegian Cruise Line Holdings Ltd., NCL Corporation Ltd., “Norwegian” or “the Company”), today reported results for the quarter ended March 31, 2014, and provided guidance for the second quarter and full year 2014. The Company also…
KEY HIGHLIGHTS Overall, the year is developing along the course the company previously anticipated. First quarter results were at the lower end of the company’s guidance due to some minor voyage disruptions but this impact is expected to be offset…
Carnival Corporation & plc announced non-GAAP net income of $2 million, or $0.00 diluted EPS for the first quarter of 2014 compared to non-GAAP net income for the first quarter of 2013 of $67 million, or $0.08 diluted EPS. For…
Hurtigruten, the Norwegian coastal line, have announced a net income of NOK 26 million with total revenue of NOK 3.3 billion for 2013. This is in stark contrast to their 2012 report. That year saw the line, first launched in…
UPDATE: Some notes on the earnings: Kevin Sheehan told investors on the earnings call, that bookings have softened a bit from earlier. At that point in time, NCL was selling cruises at double digit increases. They forecast a 4% yield increase…
Here’s Royal Caribbean’s rather upbeat and positive Q4 2013 results: Royal Caribbean Cruises Ltd. reported 2013 results and provided guidance for 2014. KEY HIGHLIGHTS Full Year 2013: Adjusted EPS was $2.40, $0.05 above the top end of the company’s previous guidance. Strong close-in…
Prestige Cruise Holdings have announced that they plan on a public IPO for the company. They are currently the parent company of luxary lines Oceania Cruises and Regent Seven Seas Cruises. The information was first discovered by Seatrade Insider from a…
Carnival Corporation & plc announced non-GAAP net income of $35 million, or $0.04 diluted EPS, for the fourth quarter of 2013 compared to non-GAAP net income for the fourth quarter of 2012 of $111 million, or $0.14 per share. For the…
Norwegian Cruise Line (Nasdaq:NCLH) Norwegian Cruise Line Holdings Ltd., NCL Corporation Ltd., “Norwegian” or “the Company”), today reported results for the quarter ended September 30, 2013, and provided guidance for the fourth quarter and full year 2013. Quarter Highlights Adjusted Net Income growth of…
Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) reported third quarter results, updated its 2013 outlook and provided early commentary for 2014. KEY HIGHLIGHTS Third quarter results were better than expected, driven by stronger close-in demand and good cost control which more…
Carnival Corp announced non-GAAP net income of $1.1 billion, or $1.38 diluted EPS for the third quarter of 2013 compared to non-GAAP net income for the third quarter of 2012 of $1.2 billion, or $1.53 diluted EPS. For the third quarter…
Senator Jay Rockerfeller has always been a vocal opponent of the cruise industry. Even calling two special congressional hearings about their safety record. In his most recent one, he stated that he intends on proposing legislation to “close the tax…
In short, NCL posted a reasonably positive-mixed quarterly earnings. They beat their earnings per share by $0.02, however missed their target revenue by $14.86 million. This last parts a killer. Their stock is trading lower now because of it. But…
Royal Caribbean’s right on track with their forecasting. Their $0.11 EPS was up from their guidance of $0.09. Their revenue of $1.88 billion misses by only $10 million. Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) today reported second quarter results,…
Carnival Corp. reported better than expected Q2 profits of $41m, up from $14m in the same period of last year. As of this post, their Stock has been floating around $34 upon this good news. While short term has been…
According to a financial review of TUI AG, the German arm of TUI group will make some changes to its Hapag-Lloyd Kreuzfahrten. The German live has seen a reduction of passengers with the average ship sailing at 70% occupied. Its…
Norwegian Cruise Line posted a loss of $96 million, or $0.49 per share, on revenues of $527.6 million for the first quarter ended March 31, 2013, compared to net income of $3.2 million, or $0.02 per share, on revenues of…
via Royal Caribbean Royal Caribbean Reports Strong First Quarter Results Royal Caribbean Cruises Ltd. this week announced first quarter 2013 net income of $76.2 million, or $0.35 per share, versus net income of $47.0 million, or $0.21 per…
Carnival Corp announced today non-GAAP net income of $65 million, or $0.08 diluted EPS for the first quarter of 2013. Reported U.S. GAAP net income, which included net unrealized losses on fuel derivatives of $28 million, was $37 million, or…
2012 Full Year Highlights -Net income of $173.1 million and diluted EPS of $0.97, excluding share-based compensation charge detailed below -Adjusted EBITDA increase of 10% -Net Yield increase of 1.6% (2.4% on a Constant Currency basis) -Net Cruise Cost per…
From Royal Caribbean: KEY HIGHLIGHTS Results For the Full Year 2012: Full year Net Yields increased 3.0% on a Constant-Currency basis; 1.5% As-Reported; Net Cruise Costs ("NCC") excluding fuel increased 4.2% on a Constant-Currency basis; 2.7% As-Reported; Net income before…
I usually don’t write much about Walt Disney Co. Their financial structure is usually well insulated from the performance of the cruise line. There’s no better example of this than Q4 2012. For the last 3 months of 2012, the…
Norwegian Cruise Line reported results for the quarter ended September 30, 2012. Operating income increased 8.8% to $174.1 million in the third quarter of 2012 compared to $160.0 million in 2011 with an improvement in operating margin to 25.8% from…
Royal Caribbean Cruises Ltd. reported better than expected third quarter results and increased its earnings outlook for full year 2012. “The strong third quarter certainly validates our confidence in our business model,” said Richard D. Fain, chairman and chief executive…