Marine Link
Sunday, September 25, 2016

Royal Caribbean Income Soars 27%

July 25, 2000

While its stock price remains in the doldrums, Royal Caribbean Cruises Ltd. (RCL) nonetheless reported a 27 percent rise in second quarter 2000 net income along with a boost in capacity. RCCL, which is listed in New York and Oslo, said net income for the three months to June 30 jumped to $108.3 million from $85.3 million in the year-earlier period. Revenues rose to $680.7 million from $617.7 million, it said in a statement. It said the occupancy rate was 106.1 percent in the second quarter, up from 104.8 percent in same 1999 period. Net revenue yields, or the net revenue per available passenger cruise day, were up two percent. It said for the six-month period ending on June 30, its net income climbed 22 percent to $213.8 million along with a 13 percent increase in capacity. Revenues in the first half rose 13 percent to $1.4 billion. The occupancy rate for the first six months was 103.9 percent, compared with 103.4 percent the year-ago period.


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News