Increased capacity, cost savings and onboard spend drove Royal Caribbean’s Q3 earnings, according to the company’s filing today, posting revenues of GAAP net income of $228.8 million on revenues of $2.5 billion, including a $411 million write-down on Pullmantur, compared to net income of $490 million on revenues of $2.4 billion. including $308 million in restructuring charges for the same period last year.
Net revenue per passenger day was $190.11 this year, up from $188.39 last year. Net ticket revenue per passenger day was $143.54, down from $144.73 last year, but onboard spend was up at $46.57 per day this year from $43.66 last year.
Gross revenue per passenger day was $247.93 this year, compared to $248.74 last year. Gross ticket revenue per passenger day was $184.14 this year, down from $186.15 last year, while gross onboard spend was up at $63.79 per day this year from $62.69 last year.
Each passenger spent an average of $1,797.52 for their cruise ticket and onboard this year, compared to $1,802.85 last year.
Excluding the write down this year and the restructuring charge last year, Royal Caribbean would have posted GAAP net earnings of $640 million for Q3 2015 and $798 million for Q3 2014, or earnings per share of $2.91 and $3.57 respectively, according to estimates by Cruise Industry News.
