Norwegian makes Europe pay
Europe might have been "a bummer" for cruise giant Royal Caribbean - who last week reported a second-quarter loss - but the region is credited with improving Norwegian's profits over the same period. Company president and CEO Kevin Sheehan yesterday said the deployment of a record four of the fleet's 11 ships to Europe had brought improved revenues. Higher fares and modest cost savings helped drive earnings up from $568.6 million to $583.2 million, with profits rising from $29.2 million to $36m. The company has not, however, been immune to the effects of the Euro crisis and the sinking of [...]