Star 2005 Q2 Earnings

The Star Cruises Group reported net income of $6.2 million, or $0.12 per share, on revenues of $438.7 million for the second quarter ended June 30, 2005, compared to a net loss of $9.0 million, or $0.17 per share, on revenues of $376.9 million for the second quarter of 2004.

According to NCL Group (NCL) President and CEO Colin Veitch, the revenue yield was up 7 percent for NCL in Q2, with the bigger, new ships doing better than the older ships, and with Hawaii generating stronger pricing than originally envisioned.

Veitch commented that Hawaii allows NCL premium ticket pricing year-round and while the onboard revenue mix is different, with no casinos, it is not necessarily less than on the international ships, he said, with broader shore excursion offerings with ships in port every day.

Looking forward to 2006, Veitch said that NCL is better booked at higher load factors and overall pricing than at this time last year. The only negative is the cost of fuel.

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