Fred. Olsen Cruise Lines, the UK based operator of four medium sized vessels, has returned to the black in the third quarter of the year on less discounting on the British market, parent company Bonheur ASA said in a statement.
Net profit in the third quarter amounted to NOK44 million compared to a loss of NOK12 million in the same period last year. Revenues increased to NOK474 million from NOK395 million.
In the first nine months of the current year, the company cut its net loss to NOK57 million from NOK100 million a year before, while revenues increased to NOK1.27 billion from NOK1.12 billion.
"The UK cruise market is still in a weak condition, but compared to the same quarter last year, with less price discounting. The number of passenger days totaled 322 175 (323 831) for the quarter. Net ticket income per diem was 4.5 % higher compared to the corresponding quarter last year. Bunker prices have decreased in the quarter," Bonheur said.
