Line Holdings said it is more than 50% booked for 2016, which is “significantly ahead of
this time last year.”
In reporting its
fourth-quarter and full-year 2015 earnings, Norwegian also said that its booked
position for the first half of 2017 is 30% ahead of the 2016 pace last year, on
a 5% capacity increase. The company owns three brands — Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises.
“Our strong booked position coming into the year provides
us more pricing leverage during Wave season and beyond for remaining inventory
than in years past,” said CEO Frank Del Rio. “Our core itineraries in
the Caribbean, Alaska and Bermuda are performing strongly and more than make up
for softness in the Mediterranean region.”
Weakness in the Mediterranean
along with the strengthening of the U.S. dollar reduced 2015 earnings by
10 cents a share, Del Rio said.
Norwegian reported net
income of $38.3 million in the fourth quarter compared to a loss of $25.6
million a year earlier. Revenue was $1 billion, up from $789 million.
For all of 2015,
Norwegian had net income of $427.1 million, up from $342.6 million. Revenue
advanced to $4.3 billion from $3.1 billion in 2014.
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