Breakaway has boosted Norwegian Cruise Line’s profits


The company claim the introduction of Norwegian Breakaway helped to push up quarterly net profits by more than 12% to $152.3 million.

It wasn’t just the introduction of Breakaway contributing to the company’s success: it looks like better pricing also helped the line’s figures for the three months to the end of June. This time period also saw Breakaway’s christening in New York following a trade preview in Southampton.

Norwegian also say that improvements in both passenger ticket and on-bored revenue contributed to a 3.5% increase in net yield.

Speaking about Nowegian’s success this quarter, President and chief executive Kevin Sheehan said:

“While the addition of Norwegian Breakaway to our fleet was undoubtedly the highlight of the quarter, our strong results, which include our 20th consecutive quarter of year-over-year adjusted EBITDA growth, are equally as notable”

“Other initiatives in the quarter, from the refinancing of certain credit facilities to further optimise our capital structure, to the enhancements carried out on Pride of America at her recent dry-dock, demonstrate our culture of leaving no stone unturned in order to add incremental value for our shareholders and enhance the cruise experience for our guests.”

“The delivery of Norwegian Breakaway marks the latest step in a disciplined newbuild programme intended to take the company to the next level.

“Her design and features have received an overwhelmingly positive response from guests and travel partners alike and we look forward to welcoming new and seasoned cruisers to experience all that New York’s ship has to offer.”

Norwegian have since ordered a second ship that will form part of the new ‘Breakaway Plus’ class. It is due for delivery in spring 2017. Meanwhile, the first Breakaway Plus ship is due to be delivered in the fourth quarter of 2015. The Breakaway Plus ships feature many of the same amenities and facilities found on the line’s first Breakaway ship, however, they will be 10% larger in size and contain a few as yet unannounced features.

About Norwegian Breakaway:

Breakaway is a 4,000 passenger ship that has been operating from New York since May 2013. The ship’s hull features a colourful New York inspired muriel, painted by legendary iconic artist Peter Max.

The ship features a wide range of exciting and innovative venues. Thrilling entertainment options include not one, not two but THREE Broadway shows.

Those who like to laugh will particularly love the famed comedy troupe The Second City, while food fanatics will be pleased to hear celebrity chef Geoffrey Zakarian opened his first restaurant at sea on the new ship.

Holidaymakers seeking some thrills and splashes will enjoy the Aqua Park on the top decks if Breakaway, which includes five full-size water slides.  For more fun and games, there’s also a three-story sports complex containing the largest ever ropes course at seas, a nine-hole miniature golf course, a rock climbing court and plenty more too.


About Author

Sandra has worked in the travel industry for over 20 years and has gained an extensive knowledge of the cruise industry. Sandra regularly writes for the Cruise 1st blog on a wide range of topics from destination guides to cruise line news.

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