PAST the effects of Sept. 11, Royal Caribbean Cruises CEO
Richard Fain said last week as the second-largest cruise company
reported a 12.8% increase in third-quarter net yields, surpassing
yield levels RCCL achieved during the third quarters in 1999 and
2000. Royal Caribbean Cruises net income jumped 47% during the
third quarter of 2004, to $282.5 million from $191.9 million during
the third-quarter 2003. Revenue increased 24% to $1.4 billion,
which the company attributed to a 10.8% increase in capacity and an
increase in cruise prices and onboard revenue.
OFFICIALS hinted during a conference call with analysts
that Celebrity Cruises could see some new ship orders. Theres no
question that Celebrity is starting to strengthen, said President
Jack Williams. Were evaluating the next newbuild series for that
brand. The line hasnt taken a new ship on since mid-2002 (minus the
100-passenger Xpedition vessel it operates in the Galapagos). The
company doesnt break down specifics by brand, but Williams said
Celebritys yield growth outperformed Royal Caribbeans for the
second quarter in a row.
CARIBBEAN INTERNATIONAL also:
" Lowered the entry-level age on its onboard kids programs from 3
years old to 6 months old and developed two new series of programs
for the lines youngest passengers. The line created the daily,
45-minute parent-and-child playgroups for the infant-and-toddler
set via a newly formed partnership with toy company
" Introduced a $3.95 surcharge to dine in the Johnny Rockets
restaurants onboard its Voyager-class ships. The charge is in place
on the Mariner of the Seas, the Navigator of the Seas and the
Explorer of the Seas; the Adventure of the Seas implements the
charge on Oct. 24, and the Voyager of the Seas does so on Nov. 6. A
spokesman said the charge was to help manage guest volume.
" Opened an internal sales development desk to help agencies
producing less than $20,000 in annual business and those not
assigned to a sales reps. Agents can log onto www.cruisingpower.com to confirm they have access to
the new sales desk.
CRUISE LINE will return to Europe in 2005,but only for two
cruises. The Norwegian Jewel, which is under construction at the
Bremerhaven, Germany-based Meyer Werft shipyard, will debut in
August and offer two European sailings, a 13-day Mediterranean
cruise and a 12-day Baltic program before heading to the U.S. on
Sept. 4. The Jewel will have its inaugural ceremonies in New York
and will sail a series of 11-day Canada and New England cruises
before redeploying to Miami for alternating seven-day eastern and
western Caribbean itineraries.
CORP. will repurchase up to an initial $1 billion of
Carnival Corp. and Carnival PLC shares and approve an increase in
its quarterly dividend by 20%. The stock repurchase will start in
2005, Carnival said.