Cruise Industry News takes an in-depth look at the financial performance of the “big three” following the second quarter of 2016.

Takeaways:

Carnival Corporation posted the biggest improvement on net income per passenger day, from $11.59 in the second quarter of 2015 to $29.51.

Ticket revenue growth was nonexistent across the board, with all three companies posting a decrease in gross and net ticket revenue per passenger per day.

Norwegian dominated growth in onboard spending, with net revenue per passenger day rising from $58.13 to $69.03; while Carnival posted a slight gain and Royal a modest increase.

Fuel: Norwegian was able to trim $11 million off fuel expenses, while Royal Caribbean posted an increase in fuel cost. Carnival took home top honors, however, with a $137 million fuel expense reduction in the second quarter year-over-year.