Norwegian Cruise Line reports improved Q1 results
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Norwegian line reported improved results for the first quarter ended 31 March 2012. Operating income for the quarter grew by 23.8 % to £28.7 million with adjusted EBITDA rising 10.3 % to £57.8m,benefited from strong revenue performance and ongoing business improvement. In the same quarter net yield improved slightly from 2.2% to 2.3%.
“It is always rewarding to report strong top-to-bottom results,” said Kevin Sheehan, president and CEO of Norwegian. “Revenue growth was very positive, considering the impact of redeploying Norwegian Jade in late 2011 due to geo-political disruptions in Egypt and the surrounding region”.
Quarter highlights included the announcement of the fleet-wide revitalisation of its youth and teen programs. During the quarter Norwegian also revealed some of the new features which will be available on its new ship Norwegian Breakaway to be introduced in April 2013, such as the Aqua Park with its five giant waterslides and a three story sports complex, the new Waterfront boardwalk with bars and restaurants. Another first for Norwegian is a ninehole ocean-themed miniature golf course, along with a bungee trampoline and climbing structure.