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Disney Cruise Line sets record Q2 operating income

Disney Cruise Line sets record Q2 operating income
Disney Cruise Line set new second quarter records in revenue and operating income, driven by higher ticket pricing and on-board spending, the Walt Disney Co. said Tuesday.

The cruise business 'achieved record financial performance in 2015 and that strength continues in fiscal 2016 with Disney Cruise Line generating its best first half ever,' Christine McCarthy, cfo and svp for the Walt Disney Co., said during the company's Q2 earnings call.

During the second quarter, Disney announced plans to build two additional ships that will be completed in 2021 and 2023.

'Our decision to expand the fleet was driven by the outstanding guest response to our product and a business in which we have a strong competitive advantage, and where we believe we can drive attractive returns on investment,' McCarthy said, according to a Seeking Alpha transcript of the call.