Cruise Industry News takes a look at the financial performance of the “big three” following the opening quarter of 2018.
Takeaways:
Norwegian Cruise Line Holdings put in a noteworthy Q1 performance, with net income reported at $103 million, up from $62 million a year prior. The company also posted a big increase in net income per passenger day, up from $14.63 to $21.83
Net income was also up for Carnival, from $352 million to $391 million; while Royal Caribbean went from $215 million to $219 million.
Net ticket revenue rose the most for Carnival, going from $106.71 per passenger day last year to $115.99 this year, while both Royal and Norwegian also noted improvements.
Onboard spend improved the most at Royal Caribbean, with net onboard revenue per passenger day going from $48.63 to $52.21, while both Carnival and Norwegian logged improvements as well.
On the fuel side, expenses were up for Carnival and Norwegian, while Royal Caribbean managed to shave fuel costs by $17 million in the quarter compared to the same period for 2017.
Operating expenses per passenger day were up for Carnival and Royal, with Carnival seeing an increase of $14.55 per passenger day for a result of $177.98 per passenger day. Norwegian, however, trimmed operating expenses, down to $238.40 per passenger day compared to $243.72 last year.
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Cruise Industry Financial Tracking
The Cruise Industry Financial Tracking Report provides an in-depth look into the financial metrics of the leading cruise companies. Learn more.
Included: Carnival, Royal Caribbean, Norwegian, MSC, Star/Genting, Royal Olympic, P&O Princess, Regent, American Classical Voyages and Commodore.
Key metrics include revenue, operating expenses, operating income and net income, as well as those metrics on a per passenger day basis. We also look at EPS, fleets, berths and passenger cruise days.
Past Data:
2017 Cruise Lines Q4 By the Numbers
2017 Cruise Lines Q3 By the Numbers
2017 Cruise Lines Q2 By the Numbers
2017 Cruise Lines Q1 By the Numbers
2016 Cruise Lines Q4 By the Numbers
2016 Cruise Lines Q3 By the Numbers
2016 Cruise Lines Q2 By the Numbers
2016 Cruise Lines Q1 By the Numbers
