A substantial fall in fuel costs combined with higher ticket prices has helped Fred. Olsen Cruise Lines, the UK based destinational operator of four cruise ships, to increase profits in both the second quarter and the first half the year, parent company Bonheur ASA said in a statement.

In the second quarter, the cruise line’s net profit rose to NOK67 million from NOk23 million in the same period last year. Revenues rose to NOK550 million from nOK502 million.

In the first six months of the year, the company made a net profit of NOK83 million compared to NOK18 million a year earlier. Revenues rose to nOK1.05 billion from NOK10.1 billion.

“Net ticket income per diem was 5% higher compared to the corresponding quarter last year. The average spot price of fuel oil in the quarter was 26% lower than in second quarter 2015,” Bonheur said, adding that the number of passenger days totaled 286 447 (275 458) for the quarter.

Bonheur, which is headquartered and listed in Oslo, did not give a guidance regarding the expected future performance of the Ipswich based cruise company. It did not have any news about an investment plan that Fred. Olsen Cruise Lines said last month it was going to unveil in the near future.