NCL Posts 2nd Quarter and 1st Half Earnings

[electricron]

NCL press release can be found at

http://www.ncl.com/nclweb/pressroom/pressRelease.html?storyCode=PR_082207_Financial_Q2

 

Details can be found at

http://164.109.173.40/investor/Q22007ER_tables.pdf

 

To summarise the important numbers, Bold numbers differences from year to year.

 

Total revenues (x 1,000)

2 Qtr 2006 $502,780

2 Qtr 2007 $553,060 +50,280 more revenues

1/2 2006 $929,332

1/2 2007 $1,043,869 +114,537 more revenues

 

Total operating expenses (x 1,000)

2 Qtr 2006 $483,144

2 Qtr 2007 $524,312 +41,168 more expenses

1/2 2006 $906,806

1/2 2007 $1,026,883 +120,077 more expenses

 

Operating income (x 1,000)

2 Qtr 2006 $19,636

2 Qtr 2007 $28,748 +9,112 more op income

1/2 2006 $22,526

1/2 2007 $16,986 -5,540 less op income

 

Total non-operating expenses (includes debt payments)

2 Qtr 2006 $54,740

2 Qtr 2007 $53,347 -$1,393 less expenses

1/2 2006 $86,426

1/2 2007 $102,348 +15,922 more expenses

 

Net loss

2 Qtr 2006 $(35,104)

2 Qtr 2007 $(24,599) -10,505 less loss

1/2 2006 $(63,900)

1/2 2007 $(85,362) 21,462 more loss

 

Bottom line is still in the red.

[Don Haynes]

I don't think anyone expected a profit until the first or most likely the second quarter of 2008. That is when the Pride of Hawaii, soom to be the Norwegian Jade leaves Hawaii.