RCCLs Fain on Q3 results: We've gone past the effects of Sept. 11

MIAMI -- 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.

Net yields, meanwhile, increased 12.8% year-over-year. Richard Fain, Royal Caribbeans CEO, said the net yield for the quarter surpassed levels the company achieved during the third quarters in 1999 and 2000.

Weve gone past the effects of Sept. 11, Fain said during a conference call with financial analysts.

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.

To contact the reporter who wrote this article, send e-mail to Rebecca Tobin at [email protected].

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