UBS Calls NCL Performance Consistent

UBS on Monday rolled out coverage on Norwegian Cruise Line, saying the cruise line's third-quarter yields were similar to that of Royal Caribbean and Carnival Cruise Lines, up between one percent and three percent. UBS says the Q4 outlook looks dimmer with yields forecasted to be down one percent on a weak Hawaii. NCL is also seeing softness in its New York to Caribbean sailings, but the cruise line's recent order for two new ships to be delivered in 2009 and 2010 shows the company's long-term confidence in the Caribbean. In addition to the new builds, NCL reiterated plans to excise inventory from its fleet, removing the Majesty, Dream and Marco Polo from the North American market by 2010.

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