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These excerpts taken from the AMIE 10-K filed Apr 15, 2009. Cruise
Operating Expenses
Cruise operating expenses represents direct expenses incurred
with owning and operating our cruise ships. Cruise operating
expenses decreased $2.0 million (1.6%) to
$122.0 million in 2008. In 2008, due to a decrease in
number of operating days and decease in number of passengers
carried by the Majestic America vessels as compared to the prior
year, cruise operating expenses decreased but were offset by the
increase in cruise operating expenses for Windstar Cruises due
to a full year of operations of Windstar Cruises in 2008
compared to only nine months of operations in 2007.
In 2008, we experienced high costs for fuel, freight and
logistics all of which negatively impacted our cruise operating
expenses. We expect cruise operating expenses related to
Windstar Cruises to decrease in 2009 as a result of more
normalized expenses related to fuel, freight and logistics.
Cruise Operating Expenses Cruise operating expenses represents direct expenses incurred with owning and operating our cruise ships. Cruise operating expenses decreased $2.0 million (1.6%) to $122.0 million in 2008. In 2008, due to a decrease in number of operating days and decease in number of passengers carried by the Majestic America vessels as compared to the prior year, cruise operating expenses decreased but were offset by the increase in cruise operating expenses for Windstar Cruises due to a full year of operations of Windstar Cruises in 2008 compared to only nine months of operations in 2007. In 2008, we experienced high costs for fuel, freight and logistics all of which negatively impacted our cruise operating expenses. We expect cruise operating expenses related to Windstar Cruises to decrease in 2009 as a result of more normalized expenses related to fuel, freight and logistics. This excerpt taken from the AMIE 10-Q filed Nov 9, 2007. Cruise Operating Expenses Cruise operating expenses were $77.5 million for the nine months ended September 30, 2007 compared to $31.0 million for the nine months ended September 30, 2006. The increase in cruise operating expenses is due to the increase in ships operated, passengers carried and overall ship operating days in 2007 compared to 2006. In addition, $23.4 million of the increase is due to the cruise operating expenses related to Windstar Cruises’ ships we acquired in April 2007. We expect cruise operating expenses to remain at these higher levels for the remainder of 2007 compared to 2006 as a result of Windstar Cruises as well as the use of our Majestic America Line fleet. This excerpt taken from the AMIE 10-Q filed Aug 9, 2007. Cruise Operating Expenses Cruise operating expenses were $39.7 million for the six months ended June 30, 2007 compared to $14.6 million for the six months ended June 30, 2006. The increase in cruise operating expenses is due to the increase in ships operated, passengers carried and overall ship operating days in 2007 compared to 2006. In addition, $12.2 million of the increase is due to the cruise operating expenses related to Windstar Cruises’ ships we acquired in April 2007. We expect cruise operating expenses to increase significantly in 2007 as a result of Windstar Cruises as well as the use of our Majestic America Line fleet.
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Table of ContentsThis excerpt taken from the AMIE 10-Q filed May 9, 2007. Cruise Operating Expenses Cruise operating expenses were $6.8 million for the three months ended March 31, 2007, compared to $2.3 million for the three months ended March 31, 2007. Cruise operating expenses represent direct expenses incurred with owning and operating our Majestic America Line, which consists of the American West cruise vessels acquired in January 2006 and the Delta Queen cruise vessels acquired in April 2006. We expect cruise operating expenses to increase significantly in 2007 as a result of both our recently completed acquisition of Windstar Cruises as well as the use of our Majestic America Line fleet. This excerpt taken from the AMIE 10-K filed May 9, 2007. Cruise Operating Expenses Cruise operating expenses were $43.9 million for 2006, representing direct expenses incurred with owning and operating the American West and Delta Queen cruise ships acquired in January 2006 and April 2006, respectively. There was no cruise activity in 2005. We expect cruise operating expenses to increase significantly in 2007 as a result of both our pending acquisition of Windstar Cruises as well as the use of our full seven-vessel Majestic America Line fleet. During 2006, we only operated four of our seven ships, but anticipate operating all seven for periods of time during 2007. This excerpt taken from the AMIE 10-K filed Mar 16, 2007. Cruise Operating Expenses Cruise operating expenses were $43.9 million for 2006, representing direct expenses incurred with owning and operating the American West and Delta Queen cruise ships acquired in January 2006 and April 2006, respectively. There was no cruise activity in 2005. We expect cruise operating expenses to increase significantly in 2007 as a result of both our pending acquisition of Windstar Cruises as well as the use of our full seven-vessel Majestic America Line fleet. During 2006, we only operated four of our seven ships, but anticipate operating all seven for periods of time during 2007. This excerpt taken from the AMIE 10-Q filed Nov 9, 2006. Cruise Operating Expenses Cruise operating expenses were $31.1 million for the nine months ended September 30, 2006, representing direct expenses incurred with owning and operating the American West and Delta Queen cruise vessels acquired in January 2006 and April 2006, respectively. There was no cruise activity for the comparable nine month period of 2005. This excerpt taken from the AMIE 10-Q filed Aug 7, 2006. Cruise Operating Expenses Cruise operating expenses were $14.6 million for the six months ended June 30, 2006, representing direct expenses incurred with owning and operating the American West and Delta Queen cruise vessels acquired in January 2006 and April 2006, respectively. There was no cruise activity for the comparable six month period of 2005. This excerpt taken from the AMIE 10-Q filed May 10, 2006. Cruise Operating Expenses Cruise operating expenses were $2.3 million for the three months ended March 31, 2006, representing direct expenses incurred with owning and operating the American West cruise vessels acquired in January 2006. There was no comparable cruise activity for the 2005 period. We anticipate cruise related expenses to increase in future periods in relation to cruise revenue generated and as a result of our acquisition of the cruise-related assets of Delta Queen. | EXCERPTS ON THIS PAGE:
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