Sixty-three agents qualified to attend Crystal Cruises’ top-producers gala onboard the Crystal Serenity, having sold at least $750,000 in Crystal cruises in 2007. “Already this year, there is $120 million in sales in this room, as of today,” said Bill Smith, the line’s senior vice president of sales and marketing.
St. Kitts and Nevis Prime Minister and Minister of Tourism Denzil Douglas has welcomed the start of construction of the $30 million Silver Reef Resort at Frigate Bay, saying it will not only assist in the transformation of the national economy, but also provide job opportunities for the nation’s people.
Favorable cash settlements of $511 million from fuel-hedge contracts propelled Southwest Airlines to a $321 million net profit in the second quarter.
Royal Caribbean Cruises Ltd. said it turned an $84.7 million profit during the second quarter of 2008, a 34 percent decline over second-quarter 2007. Revenue for the quarter was $1.6 billion, compared with $1.5 billion in second-quarter 2007.
As its stock traded 15.2 percent higher Wednesday, Northwest Airlines reported the not-so-good news of its $377 million net loss for the second quarter, CNNMoney.com reports. The company cited escalating oil costs as the primary reason for the loss, which was steeper in comparison to the second quarter of 2007.
Southwest Airlines reported net income for second quarter 2008 was $321 million, or $0.44 per diluted share, compared to $278 million, or $.36 per diluted share, for second quarter 2007. Excluding special items, second quarter 2008 net income was $121 million, or $0.16 per diluted share, compared to $195 million, or $.25 per diluted share, for second quarter 2007.