In its third quarter the firm - which comprises Regent Seven Seas Cruises, Oceania Cruises and Norwegian Cruise Line - reported net income of $342.4 million or earnings per share (EPS) of $1.50, compared to $251.8 million or $1.09 in the prior year.
Total revenue increased 15.6% to $1.5 billion and gross yield increased 1.5%.
The company expects to generate record earnings with full year 2016 adjusted EPS to be in the range of $3.38 to $3.42.
Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings, said: "We have reached yet another milestone, reporting the highest single quarter revenue and earnings in our history, bolstered by the addition of Norwegian Escape, Oceania Cruises’ Sirena and Seven Seas Explorer to our fleet.”
Wendy Beck, executive vice president and chief financial officer of Norwegian Cruise Line Holdings, added: “We are on track to deliver robust double-digit growth in Adjusted EPS in 2016, despite headwinds from geopolitical events earlier in the year which dampened demand for
Mediterranean sailings.
“Looking to the first half of 2017, where deployment is weighted to Caribbean sailings, advanced bookings are ahead of prior year‘s record levels at higher prices, while an early look at the full year shows occupancy commensurate with prior year at this same time at slightly lower
prices.
“Recent significant weakening of certain foreign currencies, primarily the British Pound, against the US dollar, combined with an increase in fuel prices have placed pressure on expectations for the coming year.
“Despite these headwinds, we still anticipate delivering double-digit growth in adjusted EPS in 2017.”
