The Star Cruises Group, together with Norwegian Cruise Line (NCL), has reported web revenue of $39.6 million, or $0.95 per share, on revenues of $379.8 million for the third quarter ended Sept. 30, 2001, in comparison with web revenue of $21.5 million, or $0.68 per share, on revenues of $428.9 million for the third quarter of 2000.
Star mentioned that revenues decreased because of a 4.8 % lower in capability days and a 6.9 % lower in yields. (Star Cruises noticed a bigger lower in yields than did NCL.)
Star mentioned it has responded to what it known as the overall slowdown on the planet economic system and to the impression of the Sept. 11 assaults within the U.S. by delaying plans to swap the Celebrity Aries and the Norway; by specializing in core markets equivalent to Singapore, Hong Kong and North America and selling “homeland cruising” to handle folks’s worry of flying; withdrawing the Celebrity Taurus from Japan; merging NCL and Orient Traces shoreside operations; and by including a second ship to the Hawaiian market in 2002.
The Norwegian Wind, initially scheduled to function in Asia till January 2003, will as an alternative function 10- and 11-day cruises from Honolulu beginning September 27, 2002 by means of April 2003.
Star mentioned it has additionally launched different measures to streamline its value construction equivalent to wage restructuring for workers and extra centralized back-office capabilities.
Mixed, these efforts are anticipated to cut back prices by 5 % in 2002.
For the nine-month interval ended Sept. 30, 2001, Star reported web revenue of $48.9 million, or $1.17 per share, on revenues of $1,042 million, in comparison with web revenue of $25.3 million, or $0.79 per share, on revenues of $981.4 million for a similar 9 months of 2000.
Commercial. Scroll to proceed studying.
