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Norwegian Cruise Line Posts Profit

(February 2010) posted on Tue Feb 23, 2010 EST

Line upbeat about 2010; will add Epic to its fleet during the year

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Norwegian Cruise Line (NCL) reported a net income of $67.2 million on revenue of $1.9 billion in 2009, a reversal from the net loss of $211.8 million on revenue of $2.1 billion it experienced a year earlier. “With 2009 posing one of the most challenging operating environments in history, I am extremely pleased that we have produced meaningful [earnings] growth,” said Kevin Sheehan, NCL’s ceo. “The strategic initiatives revolving around revenue management and optimization, as well as the cost containment measures implemented throughout the year have contributed greatly to overcoming the macroeconomic challenges of this past year and position us well going forward.”

In the coming year, NCL will launch the 4,200-passenger Norwegian Epic, its largest purpose-built Freestyle Cruising ship, whose innovations include a new concept and pricing for its studio staterooms. These staterooms will be offered to solo travelers without the single supplement that is customary for a single traveler in a double occupancy cabin. The staterooms, with 100 square feet of living space, will also have exclusive access to an adjoining studio lounge area.

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