Royal Caribbean Announces Third Quarter Results

Wednesday, October 31, 2001
Royal Caribbean Cruises Ltd. announced net income for the third quarter of $159.2 million Third quarter earnings were negatively impacted by $21.3 million due to lost revenues and extra costs directly associated with passengers not being able to reach their departure ports during the weeks following September 11. Also included in the reported results is an additional $15.4 million in costs associated with business decisions taken in the aftermath of the attacks, including itinerary changes and charges related to closing of offices and deferral of programs. Adjusted for these changes, third quarter net income was $196.0 million. This compares to $201.5 million the third quarter of 2000.

Comparable revenues were $966.9 million for the quarter, up 15.8 percent from the same quarter in 2000, when revenues were $835.2 million. The increase in revenues was due to a 20.1 percent increase in capacity, offset by a decrease in pricing and occupancy.

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Propulsion

HMS Queen Elizabeth Powers to Life

U.K. Royal Navy aircraft carrier HMS Queen Elizabeth has produced power from her onboard diesel generators (DGs) for the first time, marking a significant stage in the program.

Tuco Reveals New Naval Interceptor Vessel Design

Following last week’s Seawork exhibition on workboats and small military and security vessels, Tuco Marine of Denmark reveals its newest vessel in the ProZero line.

Conference to Delve into Hybrid Power & Propulsion

The first international Hybrid Marine Power & Propulsion Conference will be held at the RNLI Lifeboat College, Poole UK from October 6-8, 2015.   Shock Mitigation

Finance

Multimodal Freight Bill Introduced in US Senate

Cantwell, Booker, Murray, Markey introduce freight investment legislation aiming to eliminate chokepoints at critical highway, rail, port and intermodal facilities to support economic growth,

Crowley Acquires 4,300 Pieces of Liner Equipment

In response to continuing high customer demand, Crowley Maritime Corporation’s liner services group has placed orders for additional equipment, including hundreds

DPE is New Majority Shareholder in INTERSCHALT

Deutsche Private Equity GmbH (DPE) is set to become the new majority shareholder in INTERSCHALT maritime systems AG, the maritime software and services provider

 
 
Maritime Careers / Shipboard Positions Maritime Security Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1601 sec (6 req/sec)