We use Available Passenger Cruise Days to perform capacity and rate analysis to identify main non-capacity drivers
Net Yields represent Adjusted Gross Margin per APCD
Total cruise operating expenses increased primarily due to an increase in capacity, not per-unit cost inflation
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedthree sentences · whole, uncut
the claims it rests on · in our words, not the filing’s
We use Available Passenger Cruise Days to perform capacity and rate analysis to identify main non-capacity drivers