Royal Caribbean Income Soars 27%

Tuesday, July 25, 2000
While its stock price remains in the doldrums, Royal Caribbean Cruises Ltd. 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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

China to Add 8 Cruises to Push Tourism in South China Sea

Three State-owned enterprises from the shipping, tourism and construction sectors will cooperate to equip up to eight cruise liners and offer diversified sightseeing

RINA Awards Carnival Maritime with Environmental, Safety

RINA recently awarded Carnival Maritime GmbH ISO 14001 and BS OHSAS 18001 certificates.   Now the Carnival Maritime office in Hamburg as well as 26 ships in

40% Cruise Ships Use Outdated Sewage Treatment Plants

ACO Marine has welcomed the findings reported in the Friends of the Earth 2016 Cruise Ship Report Card, the annual survey of cruise shipping’s impact on the environment,

 
 
Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Repair 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: 0.0672 sec (15 req/sec)