Font size: A A A A
Home > Trip Types and Activities > Cruises
Related topics: Cruises,operations
Font size: A A A A

NCL Corp. Blames Q3 Losses on Euro-Denominated Debt

November 26, 2007 By: Travel Agent Central Contributor Travel Agent

NCL Corp. reported third-quarter losses of $8.6 million this year, compared to a $49 million gain in the same period last year. NCL Corp. blamed the losses primarily on its Euro-denominated debt, but Colin Veitch, the company's president and CEO, said the future looks rosier. "Pricing in the Caribbean has stabilized and is improving," he said. "We are also encouraged that the measures we have taken with respect to our Hawaii operations seem to be having a positive impact. These improvements have contributed to our overall fourth-quarter booking levels and ticket prices being up versus levels achieved at the same time last year."

NCL said net losses for the third quarter hinged primarily on a $42.9 million loss in connection with the exchange rate on its Euro-denominated debt. In addition, the increase in fuel prices contributed to a year-over-year increase in fuel costs of $3.5 million. (DE)

What do you think of this $type?

This comprehensive guide begins at Alfava Metraxis and ends at Doctor Who Magazine wins the ACE Press Award 0 Following its record breaking ABC figure earlier this year, Doctor Who Magazine had cause for further celebration at the 2014 ACE Press Awards held viagra bedeutung online apotheke at the Museum of London. This may take a second or two.