Cruise Lines 2017 Q2 Breakdown: Big Gains, Norwegian Delivers

Cruise Industry News takes a look at the financial performance of the “big three" following the second quarter of 2017.

Takeaways:

There were big gains on net income per passenger day for both Royal Caribbean Cruises and Norwegian Cruise Line Holdings, the latter of which posted a gain of over $10 on net income per passenger day year-over-year.

Carnival Corporation and Norwegian Cruise Line Holdings carried more passengers year-over-year in the second quarter, both of which can be mainly attributed to more short cruises in China and increased capacity overall.

Royal Caribbean, however, saw passenger cruise days fall – most likely linked to the transfer of the Legend of the Seas to Thomson.

Gross ticket pricing per day was well up across the board, averaging $167.27 compared to $157.54.

Gross onboard revenue per passenger per day was up $1.31 for Carnival, $2.70 for Royal and $4.76 for Norwegian.

Carnival Corporation saw its net income dragged down by losses on fuel derivatives.

Coming off a very healthy second quarter, all three companies are set up for a monster third quarter.