Miami-based Regent Seven Seas Cruises reported a $6.5 million profit in the second quarter of the year, a marked improvement over a year earlier, when the luxury cruise operator lost $3.8 million.
Revenues increased 8.6 percent to $142.7 million; capacity increased by 5.4 percent this year compared to the same time in 2012, when one of the line’s ships was undergoing a drydock renovation.
Net yield, or net revenue per available passenger cruise day, jumped 3.9 percent to $521.24. Daily net cruise costs increased to $299.02, a jump of 3.5 percent.
Last month, the company — which has three all-suite ships — announced that it had ordered a fourth. The 738-passenger ship will cost about $450 million and is due to launch in summer of 2016.
Regent is part of Prestige Cruise Holdings, which manages some cruise assets for Apollo Management. The company is privately held but reports financial results because it carries public debt.