Regent Seven Seas' profit dips 2.5% in 2011

By Donna TunneyRegent Seven Seas Cruises reported a 2.5% decrease in net income for 2011, earning $11.5 million, down from $11.8 million the previous year.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $96.7 million on revenue of $485.9 million in 2011, compared with $105.2 million EBITDA on revenue of $449.2 million in 2010.

The three-ship line owned by Prestige Cruise Holdings said net yields rose 4% for the year, driven by higher occupancy and higher net per diem.

Fuel expense increased 25.9%, or $8.4 million.



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