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DISNEY CRUISE LINE, FEATURED, JASON GARCIA, NEWS BY JASON GARCIA ON APRIL 9, 2010 AT 10:55 AM
So how long before the Walt Disney Co. begins reaping rewards from the two new cruise ships it is building?
Apparently, not long at all, according to one analysts projections. Alan Gould of Soleil Securities writes in a research report issued this week that he expects Disney Cruise Lines new ships will begin turning a profit during Disneys 2011 fiscal year, which begins in October.
Thats because the first of the two 1,250-room ships, the Disney Dream, will start sailing out of Port Canaveral in January and so will spend most of the fiscal year earning money for the company. That, he said, should offset continued construction spending on the second ship, the Disney Fantasy.
Disney is believed to be spending somewhere in the neighborhood of $1.5 billion to build the two ships.
Gould projects that two ships will generate between $100 million and $150 million in profit for Disney during the 2012 fiscal year, the first full year sailing for the Dream and the first partial year for the Fantasy, and between $200 million and $300 million of profit the following year.
So how long before the Walt Disney Co. begins reaping rewards from the two new cruise ships it is building?
Apparently, not long at all, according to one analysts projections. Alan Gould of Soleil Securities writes in a research report issued this week that he expects Disney Cruise Lines new ships will begin turning a profit during Disneys 2011 fiscal year, which begins in October.
Thats because the first of the two 1,250-room ships, the Disney Dream, will start sailing out of Port Canaveral in January and so will spend most of the fiscal year earning money for the company. That, he said, should offset continued construction spending on the second ship, the Disney Fantasy.
Disney is believed to be spending somewhere in the neighborhood of $1.5 billion to build the two ships.
Gould projects that two ships will generate between $100 million and $150 million in profit for Disney during the 2012 fiscal year, the first full year sailing for the Dream and the first partial year for the Fantasy, and between $200 million and $300 million of profit the following year.