Regent Seven Seas swings to Q1 profit

By Tom Stieghorst
Regent Seven Seas Cruises reported first-quarter net income of $1.8 million, rebounding from a $5 million loss in the 2013 first quarter.

Revenue advanced to $132.3 million from $124.3 million.

The cruise line is part of Prestige Cruise Holdings, which is in the process of going public.

In a statement, Prestige CEO Frank Del Rio said Regent achieved record revenue, occupancy and yields for the quarter.

The improved results came despite an increase for drydock expenses, which were $3.5 million, up from $1.2 million a year earlier.

Seven Seas Mariner emerged from a scheduled drydock in April with substantial renewal of its interior décor and an overhaul of its pod propulsion system, the company said.

Follow Tom Stieghorst on Twitter @tstravelweekly.
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