Norwegian Cruise Line reported net earnings of $201.1 million, or $0.97 per share, on revenues of $907.0 million for the third quarter ended Sept. 30, 2014, compared to net income of $170.9 million, or $0.82 per share, on revenues of $797.9 million for the same period last year.
The increase in net earnings was driven by a combination of increased capacity, reduced costs and higher onboard spend.
According to Norwegian’s filing, gross revenue per passenger per day was $251.30 this year, compared to $251.68 last year, and the average ticket cost was $1,276.34 this year, compared to $1,298 last year.
While the gross ticket revenue per passenger day was down this year at $182.62, compared to $184.19 last year, net ticket revenue per day was $142.94 this year, compared to $140.00 last year.
Commissions, transportation and other expenses were listed at $39.67 per passenger day this year, compared to $44.19 last year.
Both gross and net onboard spend per passenger day were up. Gross spend was $68.68 this year, compared to $67.49 last year; net onboard spend was $49.46, compared to $48.01 per passenger day last year.
Norwegian posted 3.6 million passenger cruise days for this year’s third quarter, compared to 3.2 million last year, and carried 516,409 passengers, up from 449,615 last year.
The full year earnings guidance is from $2.28 to $2.32 per share compared to actual earnings of $0.49 for last year.