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Regent Seven Seas rides to record profit on 7.8% net yield spike

Regent Seven Seas rides to record profit on 7.8% net yield spike

Regent Seven Seas Cruises' second quarter profit rose to a record $11.7m, up from $6.5m a year ago. Adjusted earnings before interest, taxation, depreciation and amortization went to a record $29.8m, up from $28.5m, and net yield shot up 7.8%.

Net yield was a record $561.85, up from $521.24.

Total revenue was at its highest, too, $142.9m, up from $142.7m a year ago.

Occupancy was down 1.5%, to 95.4%, and capacity was lower, 167,790 available passenger cruise days, down from 171,990, due to six days of Seven Seas Mariner's 10-day drydock occurring in April 2014.

Net cruise cost, excluding fuel and other expense, inched up 0.5%, while fuel expense, net of hedges, was $9.8m compared to $10.1m.

Other expense of $4.9m, compared to $1.3m in Q2 2013, was related to the Seven Seas Mariner docking.

 

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