Norwegian Cruise Line posts higher third quarter profits and revenue

Norwegian Cruise Line posts higher third quarter profits and revenue

Norwegian Cruise Line has posted higher revenues and profits in the third quarter, boosted in part by a strong performance from new ship Norwegian Breakaway.

New income rose nearly 35% to $172.8 million, compared with $128.2 million last year.

Kevin Sheehan, chief executive and president of the line, said: "While the environment this year has become more challenging than anticipated, we demonstrated once again our ability to execute and post solid earnings.

"Our results for the quarter are the product of a summer season which was bolstered by the premium pricing from Norwegian Breakaway in her first full quarter of operation.

"Improved ticket pricing and onboard spend, along with better than expected results from business improvement initiatives, drove incremental EPS (earnings per share) in the quarter."

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