Cruise Lines 2024 Q3 Breakdown: By the Numbers

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La Ponant and AIDA Cosmos both enjoying good passenger numbers, photo credit Spacejunkie2 Flickr

Cruise Industry News takes a look at the financial performance of the “big three” cruise corporations following the third quarter of 2024.

Traditionally, the third quarter has been the key part of the year for cruise operators, as it spans the summer months with more family travel and more deployment into higher-yielding markets such as Alaska and Europe.

Carnival Corporation, the world’s biggest cruise company, delivered the best net income performance with $1.8 billion, up from $1.1 billion in the third quarter a year prior.

The company also outpaced the gains year-over-year from Royal Caribbean Group and Norwegian Cruise Line Holdings.

Net income per passenger day was $61.96 for Carnival, Royal Caribbean Group had $75.14 of net income per passenger day, while Norwegian Cruise Line Holdings came in at $72.82

Of note, fuel cost was up for both Carnival and Royal Caribbean, but down for Norwegian, which continues to make deployment changes to published cruises for fuel efficiency.

Follow the link below to see all the numbers from the 3 leading Cruise companies:

Cruise Lines 2024 Q3 Breakdown: By the Numbers

Florida Cruise Ports Smash Passenger Records as Industry Makes Comeback

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PortMiami and Port Everglades have reported record-breaking passenger numbers for fiscal year 2024 as cruisers returned to the high seas en masse following the pandemic.

PortMiami, the nation’s busiest cruise port and often called the “Cruise Capital of the World,” has set a new record with an astounding 8.2 million cruise passengers in fiscal year 2024, marking a 12.79% increase from the previous year’s record.

Meanwhile, Port Everglades in Broward County has also surpassed its previous records, welcoming 4,010,919 cruise passengers in the same fiscal year. This represents a remarkable 39% growth in passenger numbers and a 23% increase in cruise ship calls compared to the previous year, demonstrating the port’s rapid recovery and expansion. Of note, Port Everglades achieved passenger records with just 648 calls, highlighting the growing size of cruise ships.

Both ports’ fiscal years run from October 1 through September 30.

“Cruising is in high demand, and our cruise line partners are poised for greater gains with new itineraries and a variety of sailing dates,” said Joseph Morris, CEO and Port Director of Port Everglades.

Both ports are looking ahead to even more growth. PortMiami is preparing to welcome several new cruise ships in the upcoming 2024-2025 season, including vessels from Explora Journeys, Virgin Voyages, MSC Cruises, Norwegian Cruise Line, and Oceania. The port is also expanding its infrastructure, with MSC Cruises’ new Cruise Terminal AA set to become the world’s largest cruise terminal.

Meanwhile, Port Everglades expects the new record to be short-lived, with a whopping 4.4 passengers expected across its terminals in FY2025.

PortMiami also launched its shore power project in June, allowing cruise ships to plug into landside electrical power while docked, reducing emissions and noise. This initiative, a collaboration between the port and major cruise lines, positions PortMiami as the first major cruise port on the U.S. eastern seaboard to offer shore power capability at five cruise berths.

Royal Caribbean’s Voyager of the Seas Completes 25 Years

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After being delivered to Royal Caribbean International on Oct. 29, 1999, the Voyager of the Seas has completed 25 years in service.

Built by Kvaerner Masa-Yards in Finland, the 142,000-ton vessel was the first in a series of ships originally known as the Eagle Class.

Then the world’s largest cruise ship, the Voyager of the Seas spent its inaugural season in the Caribbean, offering week-long cruises from Miami.

To accommodate the 3,115-guest vessel, a new 250,000-square-foot cruise terminal was built by Royal Caribbean at the South Florida port.

After crossing the Atlantic Ocean with no guests onboard, the Voyager arrived homeporting Miami on Nov. 11, 1999.

Following a series of pre-inaugural activities, the ship was christened by godmother Katarina Witt, a two-time Olympic gold medal skater.

The ceremony was designed to highlight one of the various new features introduced by the vessel: the first permanent ice-skating rink at sea.

The Voyager of the Seas then departed on its maiden voyage on Nov. 21, 1999, offering a seven-night cruise to the Western Caribbean.

Sailing to Jamaica, Mexico and Haiti, the itinerary featured visits to Ocho Rios and Cozumel, as well as Royal Caribbean’s private destination in Hispaniola, Labadee.

The vessel continued to sail from Miami until 2004 when it repositioned to Cape Liberty for a summer deployment sailing out of the New York City region.

In 2006, the Voyager of the Seas kicked off a series of summer programs in the Western Mediterranean before debuting in Galveston in late 2007 and in New Orleans in late 2011.

A few months later, the ship repositioned to China, becoming the largest ship to sail in Asia on a year-round basis.

Having spent considerable time in Asia, the ship underwent a major refurbishment in 2019, and the vessel returned to the Western Hemisphere in 2022.

After completing another summer program in the Mediterranean, the Voyager is scheduled to return to Florida in November for a winter season sailing to the Caribbean and the Bahamas.

In 2025, the ship offers additional sailings in Europe and the Caribbean, as well as Australia, where it is set to spend the 2025-26 winter season.

In a first in its 25-year sailing career, the Voyager of the Seas is scheduled to debut in Alaska for the 2026 summer.