Princess 1996 First Half Earnings

P&O, parent company to Princess Cruises, has announced that its cruise division posted operating profits of $105 million for the first six months of 1996, compared to $75 million during the same period last year. (P&O does not release revenues or net income for its separate divisions.)

P&O’s cruise division includes both the nine-ship Princess Cruises and the three-ship P&O Cruises serving the British market.

Peter Ratcliffe, President of Princess Cruises, said that the load factor was around 100 percent across the fleet.

Ratcliffe also attributed the rise in profit to a full six months of operations of the new Sun Princess and the Oriana.

P&O announced net income of $150 million on revenues of about $5 billion for all of its divisions for the first six months of 1996, compared to net income of $134 million on revenues of $4.5 billion for the same period in 1995.

Cruise Industry News Email Alerts

Cruise Industry News Email Alerts

 

EMAIL NEWSLETTER

Get the latest breaking cruise newsSign up.

CRUISE SHIP ORDERBOOK

51 Ships | 109,838 Berths | $35 Billion | View

New 2024 Drydock REPORT

Highlights:

  • Mkt. Overview
  • Record Year
  • Refit Schedule
  • 120 Pages
  • PDF Download
  • Order Today
New 2024 Annual Report

Highlights:

  • 2033 Industry Outlook 
  • All Operators
  • Easy to Use
  • Pre-Order Offer
  • Order Today